The Journal of Educational Development
Vol. 12 No. 1 (2024): June 2024

Deciphering the Success of PT Pamapersada Nusantara's Acquisition of PT Agincourt Resources: A Strategic Analysis and Impact Exploration

Sugeng Utoyo (Master of Management, Binus Business School, Bina Nusantara University, Indonesia)
Muhammad Harist Muhtadin (Master of Management, Binus Business School, Bina Nusantara University, Indonesia)
Rinaldi Pratama (Master of Management, Binus Business School, Bina Nusantara University, Indonesia)
Tengku Mohd Khairal Abdullah Abdullah (Master of Management, Binus Business School, Bina Nusantara University, Indonesia)



Article Info

Publish Date
05 Jan 2024

Abstract

The research investigates the success factors behind the acquisition process of PT Pamapersada Nusantara (PAMA) of PT Agincourt Resources (PTAR) and provides insights into how successful strategic management within various aspects can lead to successful mergers and acquisitions in the mining sector. A qualitative case study approach was employed in the study. The 11 key managerial personnel of PTAR were engaged and an interview was used to gather extensive data on the acquisition process. Thematic analysis was conducted on the collected data using NVivo software. Five key success factors were identified: strategic communication, cultural integration, leadership, complementary resources, and employee commitment. Strategic communication was essential for ensuring the company's vision and goals were aligned to minimize change resistance. The importance of addressing and accommodating differences during the post-acquisition process to ensure smooth integration was highlighted with cultural integration. The organization's sustainable leadership was crucial during the transition and for achieving long-term success. Complementary resources were critical for operational efficiency, and employee commitment was important for stability and continued performance post-acquisition. These findings provide a useful framework for companies entering the M&A process and indicate that a holistic approach encompasses clear communication, cultural homogenization, visionary leadership, resource optimization, and integrated and committed employees.

Copyrights © 2024






Journal Info

Abbrev

jed

Publisher

Subject

Education

Description

It publishes scholarly articles on topics related to various branches of education including educational management, pedagogy, councelling, language education, sports, health and physical education, and other innovative undertakings in the field of ...