Technology-based start-ups operate in high-velocity environments that make considerable demands on the comprehensiveness and speed of strategic choices. This study argues that characteristics of top management team (TMT) organization as well as TMT processes, namely debate and trust,...

Regarding the case of Sanofi-Synthélabo and Aventis, we scrutinize whether and how the reasonings put forward by the two companies differ. From an external governance perspective, managers must communicate convincingly in order to maintain or gain corporate control. If the shareholders do not...