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All master’s degree candidates must satisfactorily pass a comprehensive examination covering course work within their master’s degree program of study. For candidates pursuing the Master of Science Degree in Technology Get research paper samples and course-specific study resources under homework for you course hero writing service – Manage ment, the comprehensive examination will be a written response to a provided scenario and submitted online. The questions on the examination are designed to allow you demonstrate an appropriate level of competency in the Program Student Learning Outcomes listed above. The Comprehensive Examination is a requirement exclusive of any specific course and is therefore not counted for credit in this, or any other course. Evaluation of the comprehensive examination will be conducted by an advisory committee in the Department of Engineering & Technology and the final student grade will be recorded as PASS or FAIL. TurnItIn will be utilized to identify a similarity score for Comps submissions as an indication of originality of content. As the Comps Exam is intended to demonstrate the candidate’s knowledge and understanding, the similarity score should be extremely low (at or near 0%). A similarity score in excess of 20% is considered questionable and will be reviewed for plagiarism. A similarity score exceeding 33% will be considered plagiarized work, either by virtue of intentional academic dishonesty or a lack of basic citation and reference skills expected and required of a master’s graduate, and will result in an automatic FAIL on Comps, unless a committee evaluation for plagiarism shows clear evidence to the contrary. The committee’s decision is final. A candidate who fails the comprehensive examination must complete whatever further courses or additional study that are stipulated by the advisory committee. This additional work must be satisfactorily completed and the comprehensive examination must be taken again and passed before the student will be eligible for graduation. If failed, a second comprehensive examination attempt may NOT be made during the same semester. To ensure the continued validity and integrity of the examination process, department and program procedures prohibit faculty from disclosing or discussing the details of exam responses with students. Requests for meetings to discuss comps responses will be declined by faculty. Any feedback deemed appropriate and approved by the program
Abstract
Self-driving car Technology is no longer a dream but a reality. The innovation behind autonomous cars is targeted towards improving traffic safety, accessibility, efficiency, and convenience. The gradual progress of this innovation is triggered by the competition among different companies trying to outdo each other and dominate the market. Various research groups have come up with different driving models over time. In this paper, I will capture the evolution of self-driving technology alongside different tests that have been done to establish functionality. To ensure the safety of the Driverless Cars the functional components of the vehicle are analyzed using a multi-disciplinary approach. This includes tests done on the hardware fault tolerance, resilient adoption of machine language and coping with the existing human-driven vehicles among other criteria. The technical challenges posed by this technology include approving inductive learning notwithstanding novel ecological information sources and accomplishing significant levels of dependency required for full-scale armada deployment. Consequently, there are human challenges such as the transition of manually driven vehicles to the autonomous vehicles. In that light, I will also look into the favorable response strategies to deal with the risks.
Part A
Luettel & Wuensche (2014: 2024 – Essay Writing Service. Custom Essay Services Cheap) are outstanding engineers in mechanism stress that while it appears that Self-driving technology was developed overnight, the path autonomous driving technology has taken is a ton longer than that. It is quite a task to pack the history of self-driving technology in a backdrop as ten significant milestones are outstanding in the development of this state of the art technology. The history of Driverless cars dates back to the 1920s. The innovation of Driverless cars has gradually proceeded in the 1950s with major breakthrough being witnessed in the 1980s. This is owed to the invention of PCs that made the autonomous vehicles a reality. Major automobile companies such as Mercedes-Benz, General Motors, and Renault, among others have all created model vehicles to the cause of the innovation (Wolf, 1996).
The idea of autonomous driving came to light during the GM’s show at the World’s Fair. The engineer imagined an automobile without a driver. By 1953, the first attempt at creating the innovation was witnessed. The history student, Wetmore built a mechanized expressway structure. With this they set upon exploring different hardware components that would ensure the automobile is driverless. In 1958, Wetmore noticed the efforts of an organization that tested a 1958 Chevrolet that had pick-up coils and the ability to sense the substituting ebb along the street. It is the wire that guides the direction of the vehicle as needed.As GM had depicted, the auto moved along the two-path road and maneuvered banks without any input by the driver (Holzmann et al. 1997).
The success of these improvements gave motivation to different researchers across the world, and the evolution of the autonomous driving began. What could be known as the principal genuinely autonomous vehicle was revealed in 1977 by Japanesse partners at an Engineering Laboratory. The evolution of the models continued with the major car companies involved in every step of the progress. This was then followed by a German engineer Ernst Dickmann introduced a advancement of endeavors in the 1980s that earned him the epithet “the pioneer of the self-governing auto. The success of cars in this era led to the discovery of visual-based lateral guidance instead of the cars being guided by inductive signals. In 1995 the robotics team at Carnegie Mellon University did a test on their latest development across to Los Angeles (DARPA, 2015 – Research Paper Writing Help Service). The additional features added to the model were a computer and a camera installed on the car’s windshield.
Anxious to cultivate the improvement of automated Vehicles, Darpa organized the principal long-separate rivalry for autonomous vehicles in 2004. Fifteen vehicles participated in the breathtaking challenge yet full of tension. The participants were all eliminated as they did not make it to the finish line. The distance to be covered was a 150 mile course. The best team from Carnegie covered the farthest distance being 7.3 miles. The competition became stiff, Darpa increasing the grand prize to motivate the engineers (DARPA, 2015 – Research Paper Writing Help Service). The final breakthrough of the innovation dawned on Google’s fleet of cars. On a test, the vehicles covered approximately 140, 000 miles with little human intervention since 2010 – Essay Writing Service: Write My Essay by Top-Notch Writer. These are the tests that were conducted on the vehicles to establish their dependability and functionality.
The cars depend on data provided by the Google street view and data on cameras installed on the streets. It also uses LIDAR and radar to establish its position on the map. The system put up in the vehicles is quite impressive and functional (Google, 2017). According to CNN (2015 – Research Paper Writing Help Service), Nevada has recently allowed the legal use of autonomous cars on the roads hence steering the advancement of autonomous vehicles. This technology has considerable impacts on the environment such as improving the fuel economy, optimization of highways (Google, 2014: 2024 – Essay Writing Service. Custom Essay Services Cheap).
Consequently, other societal gains from autonomous driving include excellent productivity gains as a result of commuting (Payre et al. 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay) and a massive decline in accidents and death tolls. Accidents on the road are rank eighth among the top ten death causes worldwide (World Health Organization, 2013). The drawbacks presented by this technology the cost being extreme for ordinary people were it to be embraced by different countries. The NHTSA (2013) confirms that a slight glitch in the computer functioning could result in worse harm that could be avoided in cases where human control was involved. The privacy of the users could be compromised as the car consists in inputting personal information that can be easily intercepted by hackers. Browning (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay) states that ethical problem such as making decisions on the road in dilemmas could be challenging to the vehicle’s programming hence the need for a human being to make an appropriate decision.
Part B:
This technology is considered one of the most disruptive innovations in the coming years. It is also predominantly driven and is expected to impact the society among other fields massively. Merat et al. (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay) a professional in fields of transportation and urbanization states that for every two generations, transportation infrastructure, is bound to be remodeled across the world to suit the vitality of their surroundings, settlement trends, the economy and culture of the different cities”. Autonomous driving is the significant change that is being hailed across all technological platforms. Autonomous driving technology is founded on the system where perception, decision making, and control is done by software within the car instead of a human being (Yoon et al. 2009).
These vehicles have the potential of being safe, sustainable and personal means of transportation (Yang & Coughlin, 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). Despite the benefits of autonomous vehicles, the advanced components incorporated in the system of the car create new challenges that could pose a danger to human beings. This, therefore, calls for the need to thoroughly evaluate this innovation to ensure that it is safe for implementation. Risk analysis of the Self-driving technology exposes the undesired probabilities and sequence of events that are likely to occur hence the failure of autonomous vehicles. The failure of these vehicles could result in fatal road crashes, passage fatalities, pedestrian accidents and the damage to both property and vehicles.
Three distinct phases can be adopted to ease the process of analysis which includes: identification of the risks, estimation of the risks and evaluating the risks to establish suitable response strategies. Risk identification is a crucial stage of the analysis as it comprises a compilation of different failure information associated with the autonomous vehicle. The information is obtained from the nature and extent of failure, connected events and the various pathways that lead to the cause of the effect. Risk identification is categorized into two broad segments which are: the components of the vehicle and the components of infrastructure. The components of the vehicle include hardware, software, communication and the human-machine interface. The hardware includes sensors installed to identify roads such as LIDAR, wheel encoders, and the integration platforms.
The software components are sensors and navigation applications. The components of communication are different interactions of the vehicle, road and human beings. Human-machine interface is inclusive of technological application that serves as a personal assistant used to filter the human voice to suit the commands necessary for controlling various functions in the vehicle (Weyer, Fink, & Adelt, 2015 – Research Paper Writing Help Service). The following is a list of failures in the different components of the autonomous vehicle:
• LIDAR Failure –laser issues, error in mirror motor malfunction, encoder misplacement, short circuit.
• Camera Failure-shockwave, foreign objects, overvoltage, vibration because of rough terrain, short-circuit
• Software Failure- generation of array definition language by the system
• Wheel Encoder Failure-inability to remit feedback, leads to loss of synchrony in motor stator and rotor positions.
• GPS Failure- Variation in signal strength
• Database Service Failure- use of an empirical approach, connectivity, and operability of the data system was collected
• Communication Failure- Possibilities of network unavailability during location update
• Human-machine interface- Human command error due to inability of the system to identify the command
The Infrastructure components such as non-autonomous vehicles on the road also contribute immensely to risk analysis. The reports on the tests done on the autonomous vehicles reveal that the frequent crashes experienced are owed to the presence of human drivers on the roadways. The following are the necessary risks that are integrated into the infrastructure components:
• Human Drivers- Individuals driving recklessly, distractions, hardware failure, and fatigue.
• Cyclists and Pedestrians- Being in wrong lanes and not obeying road signs
• Construction Zones-This accounts for the rear crashes
• Weather- Adverse conditions such as fog, mist, wind, rain smoke and snow interfere with the vision of the system.
• Road state- Some failures of the autonomous vehicle are as a result of improper marking of lanes and the condition of pavements.
The risk analysis method integrated into this paper is the Probability/Impact Method.
Vehicle Components
Risk Probability (%) Impact
LIDAR Failure 10.00 58
Camera Failure 4.95 75
GPS Failure 0.92 95
Software Failure 1.00 90
Database Service Failure 3.80 83
Communication Failure 5.80 69
Human-machine interface 1.40 88
Infrastructure Components
Risk Probability (%) Impact
Human Drivers 0.01 79
Cyclists and Pedestrians 0.04 81
Construction Sites 0.07 86
Road state 0.06 84
Weather 0.02 80
Part C:
Once establishing the most threatening risk to the autonomous vehicle, response strategies can be established to curb the failure of the vehicle. The response strategies entail extensive research assessment of the dynamics of the system and advanced technologies. They are divided into legal and organizational responses uses to manage autonomous navigation. The legal intervention is any activities imposed by the government to limit safety risks caused by the technology (Fingas, 2017). The organizational interventions, on the other hand, entail aspects that contribute to the development and deployment of Driverless cars. The response strategies are as follows:
• Communication Failure- The response strategy entails the legal regulation through implementing Dedicated Short Range Communication (DSRC) devices installed in the cars. The organizational measures include the required infrastructural development which involves installing the DSRC along the roads to enhance communication. Also, the organization should prioritize on regulating vehicle-server and the vehicle-vehicle communication. The significant resource required un this response is the DSRC devices.
• Hardware Failure- This involves the installation of more sensors for back up purposes in cases of unforeseen breakdowns (Yoon & Crane, 2008 – Affordable Custom Essay Writing Service | Write My Essay from Pro Writers). Regular and random inspections should be conducted on the vehicles to ensure they are fit to operate on the roads. The impromptu inspections should be legally reinstated to guarantee discipline among the owners of the cars (Ammar et al. 2000). The resources needed for this response are sensors and cloud navigation system to assist during hardware failures.
• Weather- The government should implement a testing procedure to certify that the vehicle is fit to operate. This procedure should be done on adverse weather conditions for a specific period as directed by the government (Duran et al. 2013). Also, the vehicles should have advanced wipers with sensors that automatically sense rain and reacts appropriately. An internal heating/cooling system is appropriate that function to protect the external sensors and evade damages.
• Human Drivers- The organizational measures should boldly distinguish lanes used by autonomous vehicles to avoid crashes that result from human errors (Petrido & Moustaki, 2000). Legally the autonomous vehicles should have black boxes installed in their systems to aid in the investigation of accidents.
• Software Failure- The strategy involves using self-adaptive software for improvements in response. Any updates to the software are monitored by the driver to ascertain the additional features will ease the operation of the car and not complicate issues (Ammar et al. 2000).
• Road State- An update on the navigation system should be done to enable the car to function without the lane markings. This makes it possible to maneuver complicated surfaces on the road. Also, a detection system should be installed for purposes of detecting the road surface. The devices used for this purpose are the radar and the camera. The car is, therefore, able to respond appropriately to the road conditions, whether potholes, marking of lanes or irregular terrain (Ollero & Amidi, 1991).
• Construction Sites- The appropriate response strategy to this risk is the installation of the vehicle-interface communication device. This enables the vehicle to sense any contact with the car. The construction sites should put up bold signs before the construction areas so that the cars can see them (Apostoloff & Zelinsky, 2003). For back up, purposes, cloud computing, the system should be integrated around the construction zones. The system sends signals to the car from the construction site database, and hence the vehicle can maneuver the spot without any accidents.
• Pedestrian and cyclists- The cars should be installed with tracking devices able to pick up the presence of pedestrians and cyclists. The sensor should operate on a 3600 radius to ensure the entire surrounding of the vehicle is covered. The law should implore pedestrians and cyclists to abide by traffic rules to reduce crashes that are a result of ignorance (Gavrila, Giebel & Munder, 2004). If both parties remain in their lanes, there will be an order on the roads.
• Human-Machine Interface- The response includes a legal provision that requires the installation of alternative command inputs apart from voice. The alternative input commands include keys and touch. This allows the user to clarify the command when there is a misunderstanding between them and the system. Another provision should be included that automatically silences any background sounds once the user requests to input command (Gindele, Brechtel & Dillmann, 2010 – Essay Writing Service: Write My Essay by Top-Notch Writer). There should be internal cameras to monitor the behavior of the driver to ascertain that the command being made is not as a result of impairments.
Robotic vehicles prove capable of transforming current transportation frameworks into a safe, and a productive cutting-edge transportation system.Also conducting a thorough risk analysis of the vehicles would ensure that the levels of safety are heightened. Handling the risks identified in the autonomous vehicle advancements contribute to settling vital issues before launching the vehicles for public use (Fagnant & Kockelman, 2015 – Research Paper Writing Help Service). Adequate identification of the risks paves the way for the advancement of the technology alongside the diligent efforts of the engineers and scientists. The proses of risk analysis integrated the use of a Probability/Impact. This strategy to recognizes the most basic essential components that could prompt the failure of autonomous vehicles.
Discoveries from risk analysis were utilized to establish appropriate response strategies to dispense hazards that will enhance the general independence of autonomous vehicles. Be that as it may, ceaseless advancement in registering and correspondence advances can fundamentally lessen the likelihood of these risks. Likewise, from the analysis, it was discovered that introducing go down sensors and a DSRC gadget could be helpful to help with glitches in communication and hardware failures. Also, because of constrained accessibility of self-governing vehicle testing information, it was most probably not conceivable to direct factual approval. Complete elimination of the risks is not achievable as being a different machine issues prop up time and then.
Moreover, every essential occurrence was accepted autonomous in this paper; however, connections between the interdependency among the fundamental components (i.e., vehicular sensors) ought to be examined to direct a risk examination of efficient vehicles. Besides, the risk probabilities of sensors ought to be approved from field trial to ascertain self-sufficiency of the cars. Variety in the execution of sensors after some time (i.e., time reliance on consistent quality) ought to be considered in future research. The concentration on the vehicle and infrastructure components sidelines the focus on social problems, legal and ethical issues associated with autonomous vehicles (Ross, 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). The claims that the car is a threat to humanity because artificial intelligence will enslave human by taking control of technology.
The system incorporated in the cars driving people speeds up the process. This is because more developments will be done to the extent that the technology will rule humans. The technology affects human beings socially due to reduced interactions among people. The system has all responsibility of driving the person around thereby making them less obliged to be aware of their surroundings.
References
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Duran, D. R., Robinson, E., Kornecki, A. J., & Zalewski, J. (2013, September). Safety analysis of Autonomous Ground Vehicle optical systems: Bayesian belief networks approach. In Computer Science and Information Systems (FedCSIS), 2013 Federated Conference on (pp. 1419-1425). IEEE.
Fagnant, D. J., & Kockelman, K. (2015 – Research Paper Writing Help Service). Preparing a nation for autonomous vehicles: opportunities, barriers and policy recommendations. Transportation Research Part A: Policy and Practice, 77, 167-181.
Fingas, J.(2017) Self-driving cars can be fooled by fake signals. Engatget. http://gizmodo.com/6-simplethings-googles-self-driving-car-still-cant-han-1628040470.
Google (2017). Autonomous vehicles annual disengagement report.In, California Department of Autonomous Vehicles. Retrieved from: https://www.dmv.ca.gov/portal/dmv/detail/vr/autonomous/disengagement_report_2017
Holzmann, H., Halfmann, C., Germann, S., Würtenberger, M., & Isermann, R. (1997). Longitudinal and lateral control and supervision of autonomous intelligent vehicles. Control Engineering Practice, 5(11), 1599-1605.
Petridou, E., & Moustaki, M. (2000). Human factors in the causation of road traffic crashes. European journal of epidemiology, 16(9), 819-826.
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Google, 2014: 2024 – Essay Writing Service. Custom Essay Services Cheap. Youtube. [Online] Retrieved From https://www.youtube.com/watch?v=cdgQpa1pUUE
NHTSA, (2013).U.S. Department of Transportation Releases Policy on Automated Vehicle Development – Guides states permitting testing of emerging vehicle technology. Retrieved From: https://www.nhtsa.gov/press-releases
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Yoon, Y., Shin, J., Kim, H. J., Park, Y., & Sastry, S. (2009). Model-predictive active steering and obstacle avoidance for autonomous ground vehicles. Control Engineering Practice, 17(7), 741-750.
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Merat, N., Jamson, A. H., Lai, F. C., Daly, M., & Carsten, O. M. (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). Transition to the manual: Driver behavior when resuming control from a highly automated vehicle. Transportation research part F: traffic psychology and behavior, 27, 274-282.
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Acquisition
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Introduction
Acquisition and merger is the process in which the ownership of two firms or other business firms or the business operating units are combined or transferred (Boyer & Margulis, 2015 – Research Paper Writing Help Service). It is usually a strategic management approach which may allow a firm to shrink, grow, and even change their preexisting business strategy of the competitive position. From a legal perspective, acquisition takes place when one entity of firm takes the ownership of another firm’s or entity’s stocks or equity interest while the merge is the legal combination of two or more firms into one entity (Boyer & Margulis, 2015 – Research Paper Writing Help Service). Over the years, acquisition has been used as a business stagey. Companies engage in acquisition so as to enhance their economies of scale, cost reductions, increased synergy, and also improve their market share (Cornelissen & Cornelissen, 2017). As a result of stiff competition in the market for commodity products, diverting the business to manufacturing products will ensure that the enterprise market share is improved while also evading the massive competition in the business of community products. The acquisition will also see the firm expand its premise from the current positions in Philadelphia, Pennsylvania to Mexico and Texas. The expansion ensures that the enterprise ventures into new markets hence improving their net profitability in the long run. Despite the anticipated outcomes of the acquisition, there are various associated risks such as legal surprises, reckless enthusiasm, return on investment, corporate integration, and inadequate communications (Greve & Zhang, 2017). These pose a significant threat to the acquisition process thus may lead to failure of the process.
To ensure successful acquisition, the involved firms engage in formulating business target, risk management, market research, corporate opportunities, intellectual property strategy, acquisition approach, contracting strategies, and also the need and benefit analysis (Greve & Zhang, 2017). With proper documentation and analysis of the acquisition process, the acquisition will be effective hence leading to successful business ventures. But the failure of proper documentation may lead to catastrophic outcomes such as legal cases, destroying the firm reputation, and also a conflict of interest. Leadership is the core factor in ensuring acquisition success in technology-intensive enterprises (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). Effective leadership is the leadership strategy which ensures minimal employee complaints hence ensuing low turnover, and also motivating the employees through the provision of incentives. Additionally, in the acquisition process, leadership is very vital. Using the transformational leadership approach, a firm can easily adopt new ventures and production schemes which in turn aids in minimizing time wastage.
Part A
During the acquisition process, there are vital information to concentrate on. The basic information includes the personnel record, organizational charts, and the asset list (Boyer & Margulis, 2015 – Research Paper Writing Help Service). These documents are very vital in assaying the amount to be used in the acquisition process and also align the acquisition strategy together with the anticipated outcome. Despite this, the additional information to be concentrated on including the acquisition approach. The core factor which pushed for the acquisition was the stiff competition in the commodity products market. The firm market share has been reduced tremendously by the new market entrants. Over the years, the government has not restricted entry into commodity products market (Greve & Zhang, 2017). There are minimal barriers to entrance thus leading to a large number of new market entrants. With the view of attracting more customers while also growing their market share, the new entrants sell their products at a cheaper cost. This has served in attracting more customers hence reducing the market share for the IT firm. Diverting from their current operations will ensure that the enterprise avoids the stiff competition and also grow their profitability in the long run (Greve & Zhang, 2017). The need to expand into new markets including Mexico and Texas pushed the firm to plan and think of the acquisition process. With their current operations in US only, the firm has little impact in the global market and also has high financial risks in case of inflation or depression in the country. To ensure suppressed financial impacts from the ever-changing global economic standards, the firm has to go global and grow its ventures. The first initiative is to start at the American continent. Growing its ventures to Mexico is a perfect way to beginning their global approach. Thus, assessing the acquisition approach is the first and most critical information needed. The reason for acquisition ought to be established prior to the drawing of the acquisition plan.
The second core information is the business strategy (Boyer & Margulis, 2015 – Research Paper Writing Help Service). Business without a strategy or a plan is like sailing in open sea on a canoe without winds expecting to be drifted to your destination. It is economically unsound and even absurd to plan business without prior arrangement. Over the years, business strategy such as identifying products strengths, acquiring firms, and adjusting products have been used to enhance the performance of new enterprises (Baker & Niederman, 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). The acquisition is highly centered on the competition level for the market share. With the tremendous competition, the acquisition is the best alternative to opt for. After the acquisition establishing the business strategy for the new firm is very crucial to ensure the success of the acquisition (Greve & Zhang, 2017). The first business target to be considered is the growth strategy. The new conjoined firm aims at the global market. Also, the acquisition aids in products shift from commodity prices to a manufacturing firm. Entry into the manufacturing production is very hard. There are many barriers which limit the entrance of new ventures such as the expensive licenses and the need for skilled or experts in the industry. Thus venturing into the manufacturing business will ensure that the firm growth is enhanced. Establishing the growth strategy alongside the business strategy will ensure that the firm succeeds in the new business.
Additionally, keeping a record of contracting strategies aids in minimizing disputes or wrangles in the enterprise (Boyer & Margulis, 2015 – Research Paper Writing Help Service). The termination liability estimate together with the contract type determination ought to be established by the firm. Prior to the acquisition process, the contracting strategies should be highlighted by the and also be understood by the two firms. Acquisition process takes place when a firm buys most of the other firm’s ownership shares or stake (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). The firm may also buy all the stake. As a result, if the firm buys some of the shares but not all, all the contracting strategies should be highlighted. Keeping a clear record regarding the contracting strategies will ensure that minimal nuisances or legal cases occur in the firm thus the success of the acquisition (Greve & Zhang, 2017). But without proper contracting strategies, the firms will be prone to wrangles which will destroy the reputation of the venture hence affecting the total market share which in turn affects their net profitability.
Intellectual property strategy is also another critical information to be collected. Before the acquisition process, the firm has three fundamental strategies which are maximizing profits through the minimization of cost of production, product differentiation using quality, and also superior ordering process hence ensuring customer retention (Boyer & Margulis, 2015 – Research Paper Writing Help Service). This is an intelligent property for the firm. Also, the manufacturing firm has its intellectual property such as the means of production and also how to improve the efficiency of the production assembly. With this, the two firms would stipulate how to protect their intellectual property to boost their competitive advantage while ensuring high market share. If the intellectual property is not well protected and also agreed upon the mode of protection, the firms may lose their intellectual property to their competitors hence reducing the market share.
Risk management information is also another vital information to keep in the record (Boyer & Margulis, 2015 – Research Paper Writing Help Service). During business acquisition, there are various risks and uncertainties associated with the acquisition process. This includes the legal cases, corporate integration, and reckless enthusiasm amongst others. Having a clear risk management risks in the record will aid in minimizing these risks. Therefore, collecting information about the risks which might arise as well as the mitigation measure or management strategies to be used are vital in ensuring the success of the acquisition.
The needs and benefit analysis determinations should also be discussed before the acquisition (Boyer & Margulis, 2015 – Research Paper Writing Help Service). In the past, acquisitions have led to massive economic impacts in many organizations which leads to failure of success hence business closure. The main cause of the business failure is lack of the proper benefit analysis and also the needs determination (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). The acquisition process should specify the type of acquisition and the need for the acquisition as well as the benefits derived from the acquisition process. With this information in the record, the acquisition process will be successful in the long run.
The sustainment information of the acquisition is also of massive importance during acquisition process (Boyer & Margulis, 2015 – Research Paper Writing Help Service). The acquisition ought to give an overview of performance and sustainment related agreements, with both the industry and the government providers describing the support package and also the acquisition process. Acquisition of a firm is a legally binding process (Baker & Niederman, 2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). Without proper legal documents, it will lead to court cases in the future which may ruin the reputation of the organization hence impacting the organization negatively. Thus, ensuring that agreement and contracts alongside major terms are in line is vital in ensuring the success of the acquisition process.
Through the collection of information, there are various possible outcomes or issues which may come to light which may impact the acquisition process. The first is the lawsuits. Court cases impacts the reputation of a company (Greve & Zhang, 2017). With the in-depth analysis of the frim, we may find that the firm was previously involved in court cases. This lawsuit impacts the reputation of the organization at large hence affecting the success of the acquisition. The amount of money to be paid for the acquisition will be reduced. Also, the firm may decide to withhold the acquisition and concentrate on their own company. The acquisition process was a way to expand their business and also avoid the massive competition in the commodity products market. But with the recent lawsuits associated with the manufacturing company, the IT enterprise can decide to forgo the acquisition and capitalize on their existing business strategy of product differentiation.
Also, the uncovered information may indicate some irregularities in paying taxes. Over the years, it has been mandatory to file company’s tax returns. This aids in valuing the firm as well as complying with the national tax authority. Failure to submit their tax compliance depicts a firm which is full of vices such as corruption. This may lead to the firm also withholding the acquisition and look for other alternatives for expanding their business.
In order to make sound and proper decision, I would prefer that my company avails all its track record and also their business strategies. Before making any conclusion on the acquisition strategy, I have to have a comprehensive understanding of our current business operations. I have to know the management style being used as well as the employee incentives. This will aid in having a clear insight of the firm. Using this information, I would then judge if the acquisition is good or not.
I also need the lawsuit case which involved the firm. These lawsuits are very vital before acquiring any firm. Concealing this information may later to worse impacts in the future. Hence, the business should avail all its lawsuits filed and also those they were vindicated.
From the management, I also need their tax compliance certificate, performance appraisal, and job success score. This will aid in assessing the level of the company’s performance hence the basis for either declining or recommending for the acquisition.
Part B
From an It perspective, the main point of concern is the success of the acquisition which is determined by the availability of court suits and also the compliance to tax payment. This concerns may either lead to success or failure of the acquisition. Furthermore, there are two major pitfalls or issues which arises as a result of the acquisition. They are the financial and strategic situations brought by acquisition process. Financial pitfalls will dictate if the acquisition will contribute or add value to the organization. The high enthusiasm or expectations from the acquisition may lead to some underperformance hence leading to failed acquisition. The second part is the strategic pitfalls which are associated with the acquisition. Currently, the firm has 300 employees. With the acquisition, we are certain that some of the employees will lose their jobs while others will be promoted to bigger roles. Most of the firm employees have worked for more than two years in the business. The acquisition will be a source of stress for most of the workers (Cornelissen & Cornelissen, 2017). Being a firm employee, this is a way too bigger concern for me. I would love to see all my former employees be recruit but what can I do? Change is indeed inevitable, and we have to accept it.
With the acquisition, there come varied risks. Reckless enthusiasm is one of the primary risks associated with merger and acquisition (Skitsko & Yu, 2017). Before the acquisition, a firm will begin with a strategic planning session to check on the suitability of the acquisition (Greve & Zhang, 2017). Through the session, the company also decides to acquire or be acquired. The next step is to hire an attorney or an investment banker who is specialist in acquisition. The hiring of the banker consumes resources. This entire process is stressful, time-consuming, long and also expensive (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). Most of the acquisition experts or specialists assert that the most dangerous part is the project fatigue which makes the firm management just to make decisions so as to just get over the task. For instance, the firm may decide without a further look into the acquisition approach and the business strategy. This reckless enthusiasm which emanates from the project fatigue is one of the central reasons leading to project failures or the acquisition failure. Thus, the risk of reckless enthusiasm is the frits factor contributing to failed projects.
Return on investment is the second risks associated with the acquisition (Greve & Zhang, 2017). The acquisition impacts an organization’s profitability, reputation and also market share. For example, when AT&T acquired the National Cash Register (NCR) in 1991, they anticipated much profits and also increased market share. After five years since the acquisition, the newly formed firm was accumulating losses which summed to $2 billion. With this, AT&T finally admitted their failure and sold its shares in NCR. In the acquisition process, most of the discussion lies on whether to make exhaustive negotiations and diligence or merely jump and engage in the acquisition. As for the case of AT&T and NCR, the risk of acquisition failure is still high. To curb against this risk, the firm has to develop risk management or contingency plan (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). They also have to vividly deploy more personnel in assessing the suitability of the acquisition whether it will meet their requirements or not. With the in-depth analysis of the acquisition process, more resources will be consumed, but the later returns maybe good. The firm reputation may be enhanced, increased profits, and also expand into new geographical areas as well as enjoying the economies of scale.
Poor integration of the companies is also another major risk facing acquisition (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). For example when a firm acquires a new company for a specific technology it developed and in the process of the integrating the two companies, confusion ours which leads to the closure or failure of the department which created the technology asset (Skitsko & Yu, 2017). Also, culture clash is another form of poor integration of the two companies. With the massive competition in the commodity products, the firm has opted for acquisition to change their product line into manufacturing. They anticipate that the new ventures will yield more profits and also successful ventures into new markets. This process of acquisition may lead to the closure of the department which created or developed the technological assets used by the manufacturing company. Thus leading to acquisition failure. Also, culture strategies may occur. The two firms may be using different management approaches and also diverse employees’ incentives (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). With this disparity, the acquisition will lead to culture clash. For instance, the IT firm has majored in its service delivery process and quality differentiation as their major primary strategies to enhance their markets share and also retain their customers. The manufacturing company, on the other hand, maybe using the branding or price strategy as their core products differentiation against its competitors. The adoption of these two strategies is very challenging. Without proper analysis of the best methods accompanied by the fatiguing nature of the acquisition process, culture clash will occur during the corporate integration hence leading to failure of the acquisition. Moreover, the loss of loyal customers who loved and liked to do business with the old company rather than the new company is another risk which comes with the acquisition process (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). The new firm is not certain whether it will retain the previous customer or not. For instance, each firm had its loyal customers before the acquisition process. With the acquisition, the two companies are not sure whether they will retain their previous customers or not. The IT commodity products customers will be lost in the process and also retaining the customers of the manufacturing company is difficult. We are not sure if the new ventures will work or not. With this level of uncertainty, the acquisition process becomes much cumbersome and also full of uncertainties. Thus, the solution to the corporate integration risk is to ensure that detailed planning is done not just to get over the task. A centralized integration management team should be put in place to monitor on the transition and also the adoption of new strategies which will ensure the success of the ventures.
Moreover, legal surprises are part of the major risks which might arise from the acquisition (Greve & Zhang, 2017). Despite the due diligence effort done, nearly all acquisitions yield legal surprises in the long run. For instance, the plaintiff can file a case simply because the company presented greater assets to attach. From the acquisition process, a firm should expect everything from canceled licenses, occurring patents, infringement on another firm’s patent, shareholders court suits, and also the unreported fraud (Barney & Turk, 2016: 2024 – Do my homework – Help write my assignment online). Despite trying their way too hard to ensure successful acquisition, lawsuits are not easy to escape. To mitigate against this, hiring a good attorney is mandatory. Though expensive, they are vital in ensuring successful acquisition is made.
Conclusion
In conclusion, there are various information which are critical during the acquisition process. They include acquisition approach, business target, risk management and also the intelligent property protection amongst others. These information are part of the central repository which aids in ensuring successful ventures into the acquisition process. The major issue of concern is the success of the acquisition and also the financial and strategy pitfalls associated with the acquisition. The major risks facing the acquisition is the legal surprise, corporate integration, and also return on investment. With proper risk management strategies or mitigation measures in place, the acquisition will be successful as well as yield more profits in the long run.
Reference
Baker, E. W., & Niederman, F. (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). Integrating the IS functions after mergers and acquisitions: Analyzing business-IT alignment. The Journal of Strategic Information Systems, 23(2), 112-127.
Barney, J. B., & Turk, T. A. (2016: 2024 – Do my homework – Help write my assignment online). 5 Superior Performance from Implementing Merger and Acquisition Strategies: A Resource-Based. The Get research paper samples and course-specific study resources under homework for you course hero writing service – Manage ment of Corporate Acquisitions: International Perspectives, 105.
Boyer, C., & Margulis, A. (2015 – Research Paper Writing Help Service). Special Purpose Acquisition Corporation: The merger of Aldabra 2 Acquisition Corporation and Boise, Inc. Journal of Business Cases and Applications, 14, 1.
Cornelissen, J., & Cornelissen, J. P. (2017). Corporate communication: A guide to theory and practice. Sage.
Greve, H. R., & Zhang, C. M. (2017). Institutional logics and power sources: Merger and acquisition decisions. Academy of Get research paper samples and course-specific study resources under homework for you course hero writing service – Manage ment Journal, 60(2), 671-694.
Skitsko, V. I., & Yu, H. O. (2017). Risks of Mergers and Acquisitions Processes. Business Inform, 6(473), 260-267.
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