Structural modeling approach to the strategic learning process in acquisition context

To have a good response from environmental changes and a long-term guide to move from present to future, organizations need to focus on feedback from their actions and use them effectively in modifying their strategies. The process of strategic learning can help organizations to continue expanding their capacity and have a flexible strategy to create the truly desired results. This study aims to explore the phenomenon of strategic learning for a better understanding of the concept of the acquisition learning process. A structural modeling approach has been developed to examine the relationship between the key constructs of strategic learning in the acquisition context. A questionnaire was sent electronically to 212 companies in the UK that have experience in acquisition. The collected data were analyzed using LISREL as a Structural Equation Modeling (SEM) software. The results of this study show that lessons learned from past acquisitions, and the media for transferring these lessons, are the main factors that have effects on strategic learning in an acquisition context.