Cultural Differences And Communication Issues In International Mergers And Acquisitions The Benq Debacle

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Cultural Differences and Communication Issues in International Mergers and Acquisitions. The BenQ Debacle

Author : Vera Riesenweber
Publisher : GRIN Verlag
ISBN 13 : 3656934150
Total Pages : 18 pages
Book Rating : 4.6/5 (569 download)

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Book Synopsis Cultural Differences and Communication Issues in International Mergers and Acquisitions. The BenQ Debacle by : Vera Riesenweber

Download or read book Cultural Differences and Communication Issues in International Mergers and Acquisitions. The BenQ Debacle written by Vera Riesenweber and published by GRIN Verlag. This book was released on 2015-04-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Communications - Intercultural Communication, grade: 1,0, Warsaw School of Economics, course: Global Management Practice, language: English, abstract: The number of global corporations has grown in the last few decades. The advent of technology and fliberalization of political and regulatory barriers enables companies to operate their business internationally. There are less moving barriers between different countries, more common worldwide laws, less barriers in monetary transaction and fewer geographic distances. However, very often companies fail in acquisition, foreign direct investments and cross-border partnerships because their global strategies are not proper enough, or the execution is more complex as expected. This paper deals with BenQ`s failure of acquiring of Siemens mobile devices. During the acquisition, parties face different challenges like market, technology and how to allocate budget, but in this case the biggest challenge was cultural interchange. This report analyzes cultural differences of both countries in which these companies are located based on Hofstede`s cultural dimensions. This particular acquisition is an appropriate example of why some intercultural mergers don’t work because of big differences in national, organizational and professional culture.

Cultural Dimensions of International Mergers and Acquisitions

Author : Martine Cardel Gertsen
Publisher : Walter de Gruyter
ISBN 13 : 311080879X
Total Pages : 216 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Cultural Dimensions of International Mergers and Acquisitions by : Martine Cardel Gertsen

Download or read book Cultural Dimensions of International Mergers and Acquisitions written by Martine Cardel Gertsen and published by Walter de Gruyter. This book was released on 2013-02-06 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mergers and Alliances

Author : Anne Woodsworth
Publisher : Emerald Group Publishing
ISBN 13 : 1783500557
Total Pages : 356 pages
Book Rating : 4.7/5 (835 download)

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Book Synopsis Mergers and Alliances by : Anne Woodsworth

Download or read book Mergers and Alliances written by Anne Woodsworth and published by Emerald Group Publishing. This book was released on 2013-09-24 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 37 of Advances in Librarianship presents detailed examples of local and regional mergers and other alliances, the methods used to ensure effective and successful collaborations, and descriptions of the factors which contributed to less successful efforts at consolidation. This volume is a companion to Volume 36 which provided a broader view

Managing Culture and Interspace in Cross-border Investments

Author : Martina Fuchs
Publisher : Routledge
ISBN 13 : 1317399455
Total Pages : 193 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Managing Culture and Interspace in Cross-border Investments by : Martina Fuchs

Download or read book Managing Culture and Interspace in Cross-border Investments written by Martina Fuchs and published by Routledge. This book was released on 2017-06-27 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the dialectics between spatio-organisational gaps and local contexts that characterise cross-border investments. "Interspatial" investments – be it mergers & acquisitions (M&A) or greenfield investments – are usually characterised by what is referred to as "otherness", i.e. organisational and cultural distances of the firms involved in relation to their regional contexts. At the same time, economic, political and socio-cultural linkages are decisive for attracting cross-border investments to regions and for providing firms with conditions supportive of their market success. As a consequence of being locked into complex structures of proximities, cross-border investments are situated in contested terrain. This terrain triggers learning processes in both regional actors and investors, which can result in the convergence of mindsets and organisational issues. This book is unique in that it combines interspace (defined as the distance between the new owner and the cross-border venture), place (the target region), interpretation (perception and understanding of the investment by the actors involved) and context (institutions, actor networks and interaction), thus offering better understanding of recent processes of globalisation. Crossing disciplinary boundaries by integrating economic geography and management studies, the volume adopts an innovative and spatially informed perspective on foreign direct investments (FDI). This perspective will be of great value to scholars, students and practitioners. The volume is inventive in its approach in that it offers fresh readings from interdisciplinary theoretical approaches and combines these with valuable empirical insights from developed as well as Emerging Economies.

Transcending Cultural Frontiers

Author : Norhayati Zakaria
Publisher : Springer Nature
ISBN 13 : 9811544549
Total Pages : 181 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Transcending Cultural Frontiers by : Norhayati Zakaria

Download or read book Transcending Cultural Frontiers written by Norhayati Zakaria and published by Springer Nature. This book was released on 2020-07-19 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the cultural challenges often faced by international managers and global business operations. In the last few decades, the world has witnessed unprecedented economic turmoil, volatility, and uncertainty which has altered the political dynamics and sociocultural landscape around the globe and directly or indirectly affected international business activities. Further, new markets have opened up in every corner of the world. Brazil, Russia, India, and China, collectively known as BRIC, are strong emerging economic powers similar to the once captivated ‘Asian Tigers’ such as Hong Kong, Singapore, South Korea and Taiwan which rose decades ago. The emergence of these markets has heightened both the opportunities and challenges for national and international businesses. Multinational firms are gradually expanding in the emerging markets and are expected to become giants in the foreseeable future. As they expand, they also need to assume increasing social responsibilities in a global context, and it is important that the ways business is conducted are developed accordingly. As such, understanding the practices, challenges, and strategies that companies have developed is critical to global firm’s success. Against this background, the book highlights the importance of understanding cultural elements when managing multicultural human behaviors in the workplace. Based on conceptual and empirical work, it pushes the frontiers of knowledge of this emerging field in international business setup and management, and explores how globalization is changing the way in which multinational firms formulate their business strategies. “The editors of this text bring a wealth of expertise in this area, as is evidenced by their choice of topics, and the strength of the experts they have invited to contribute to the book. The combined chapters provide both strategic guidance as well as a focus on operational concerns that may arise in international business including expatriation and human resource mobility. The authors not only correctly identify the oncoming challenges, but also present evidence regarding the likely solutions such as culture and innovation and global change management. Overall, this book will be a tremendous resource for scholars in the international business field, but I believe the audience will be much wider. The international team of editors and authors bring a wide range of perspective as well as real-world contextual knowledge that will be useful for scholars and practitioners who seek to leverage culture and human capital to advance international business and drive the global economy. I applaud the editors for their vision and leadership in guiding us through one of the most challenging contemporary research areas and through one of the most pressing challenges of our day.” -Dr. Richard L. Griffith, Executive Director, Institute for Cross Cultural Management, Florida Institute of Technology, Melbourne, FL, USA

International Management and Intercultural Communication

Author : Elizabeth Christopher
Publisher : Springer
ISBN 13 : 1137553251
Total Pages : 184 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis International Management and Intercultural Communication by : Elizabeth Christopher

Download or read book International Management and Intercultural Communication written by Elizabeth Christopher and published by Springer. This book was released on 2016-04-29 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Management and Intercultural Communication consists of cases of direct observation and personal involvement in a wide variety of communication challenges in international management settings, and discusses them in terms of management theories. The cases explore interactions across national cultures and regional boundaries, demonstrating both traditional and unusual approaches to problems that sooner or later are likely to challenge all managers who operate internationally. The book is presented in two volumes. Volume 1 contains case studies concerning different aspects of international management and intercultural communication in business, marketing and politics. Volume 2 deals with cases of international management in social and educational settings.

Post-merger Intercultural Communication in Multinational Companies

Author : Christina Burek
Publisher : Peter Lang
ISBN 13 : 9783631603895
Total Pages : 178 pages
Book Rating : 4.6/5 (38 download)

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Book Synopsis Post-merger Intercultural Communication in Multinational Companies by : Christina Burek

Download or read book Post-merger Intercultural Communication in Multinational Companies written by Christina Burek and published by Peter Lang. This book was released on 2010 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally presented as: Thesis (D.Phil.)--University of Giessen, 2009.

International Management and Intercultural Communication

Author : Elizabeth Christopher
Publisher : Springer
ISBN 13 : 1137479914
Total Pages : 190 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis International Management and Intercultural Communication by : Elizabeth Christopher

Download or read book International Management and Intercultural Communication written by Elizabeth Christopher and published by Springer. This book was released on 2016-04-30 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Management and Intercultural Communication consists of cases of direct observation and personal involvement in a wide variety of communication challenges in international management settings; and discusses them in terms of management theories. The cases explore interactions across national cultures and regional boundaries, demonstrating both traditional and unusual approaches to problems that sooner or later are likely to challenge all managers who operate internationally. The book is presented in two volumes. Volume 1 contains case studies concerning different aspects of international management and intercultural communication in business, marketing and politics. Volume 2 deals with cases of international management in social and educational settings.

The impact of cultural differences on cross-border mergers at the example of DaimlerChrysler

Author : Romy Trajanov
Publisher : diplom.de
ISBN 13 : 3832492526
Total Pages : 141 pages
Book Rating : 4.8/5 (324 download)

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Book Synopsis The impact of cultural differences on cross-border mergers at the example of DaimlerChrysler by : Romy Trajanov

Download or read book The impact of cultural differences on cross-border mergers at the example of DaimlerChrysler written by Romy Trajanov and published by diplom.de. This book was released on 2006-01-19 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: In the last decade many companies on a global basis are going international in order to become global players. The opening of global markets (e.g. the establishment of the Single European Market and the ratification of the Maastricht Treaty in 1992) was a key driver for international mergers and acquisitions. Companies form international mergers and acquisitions to achieve the competitive position of global advantage and local responsiveness as well as to grow rapidly. Mergers create synergies for all involved companies as various tangible and intangible assets will be combined whose value is greater than the sum of their individual worth. Additional factors of production offering competitive advantage can be found. Employees play an essential role for the success of merging companies, therefore it is crucial already to deal with cultural aspects as a component of the due diligence process. This creates an understanding of different national and organizational cultures for all involved cross-border merging companies. The national culture is an integral part of the overall corporate culture of the firm, which is applicable for all merging partners. The merger of DaimlerChrysler in 1998 which created one of the biggest car companies is used as an example in this study to underline cultural implications within the merging process of global players. Cultural difficulties occurred between the more easy-going and more flexible style of Chrysler and the well structured and bureaucratic style of Daimler-Benz. This was the basis of different working styles, decision making and communication processes within the company. This incompatibility of the two different cultural aspects was realized too late and became very difficult to be overcome. That is why at the end it was no merger of equals but one company dominating over the other. The complexity of the DaimlerChrysler merger shows the different aspects of cultural difference awareness. The reader of this study will get a deeper insight into the issues of culture and its importance to be considered in cross-border merger processes. In this context further different national culture models will be analysed as well as the cultural implementation into organisations in general. Furthermore after presenting the merger process of DaimlerChrysler and its reasons, failures in management and cultural implementation by both companies will be discovered which caused the cultural [...]

Cross-Cultural Management and Communication in Europe - Britain, Germany, France and Italy

Author : Heidrun Farnell
Publisher : GRIN Verlag
ISBN 13 : 3638130878
Total Pages : 62 pages
Book Rating : 4.6/5 (381 download)

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Book Synopsis Cross-Cultural Management and Communication in Europe - Britain, Germany, France and Italy by : Heidrun Farnell

Download or read book Cross-Cultural Management and Communication in Europe - Britain, Germany, France and Italy written by Heidrun Farnell and published by GRIN Verlag. This book was released on 2002-06-23 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2002 in the subject Business economics - Business Management, Corporate Governance, grade: 1 (A), University of Brighton (Management), language: English, abstract: Introduction The member countries of the European Union are becoming more and more integrated, but, as the above extract shows, cultural differences among the individual states still remain and can pose problems. Effective cross-cultural management and communication between the countries is essential in order to work efficiently together and build a strong union. We encounter cross-cultural issues in all areas of our life, but in this dissertation I will concentrate on cross-cultural communication and management in a business context. Today, numerous businesses operate on an international or European level, mergers between companies from different countries have become very common and for these businesses to work efficiently management and employees have to be aware of cultural differences and understand how to use them to their advantage, instead of seeing them as an obstacle. Having worked in an international environment for several years, I have become aware of differences between nationalities and interested in exploring where these differences come from and how to accept and deal effectively with them. Over the summer of 2001 I was working as a coach for several European teams within American Express Customer Relations and encountered difficulties with some of my trainees, which, as I realised later, were triggered by cultural differences. In this paper I will attempt to give a brief overview of the work of three major theorists, who have researched cross-cultural management and communication. In the second chapter I will outline the consequences cultural differences can have on the workings and organisation of business. Due to the parameters of this project I have chosen only three areas to look at - communication, leadership and meetings. The next chapter will include details about a survey I conducted at American Express Customer Relations, the results of which I will critically evaluate and compare to the theories mentioned in Chapter 1. [...]

The Impact of Cultural Differences on the Daimler Chrysler Merger

Author : Svenja Stellmann
Publisher : GRIN Verlag
ISBN 13 : 3640771230
Total Pages : 29 pages
Book Rating : 4.6/5 (47 download)

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Book Synopsis The Impact of Cultural Differences on the Daimler Chrysler Merger by : Svenja Stellmann

Download or read book The Impact of Cultural Differences on the Daimler Chrysler Merger written by Svenja Stellmann and published by GRIN Verlag. This book was released on 2010-12 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2010 in the subject Organisation and Administration, grade: 1,7, Northumbria University, language: English, abstract: The Merger of DaimlerChrysler in 1998 is regarded to be the biggest merger in the automotive industry. In academic literature there is consensus about the fact that cultural issues had a major impact on the merger's failure. Bearing in mind the importance of organisational culture on the success of M&A, this study aims to provide an in-depth analysis of the famous DaimlerChrysler merger. The researcher will reveal the organisations' cultural issues which arose during and after the merger and she will explain the impact of these issues on different organisational levels. The analysis will be conducted with the help of the theoretical frameworks of Schein (1984) and Hofstede (2001). Findings show that cultural differences have had an impact throughout all organisational levels. Due to this finding it is concluded that the merger was about to fail from the beginning on.

Negotiation and Decision Making in Mergers and Acquisitions

Author : Iulian Warter, Ph.d.
Publisher :
ISBN 13 : 9781536159189
Total Pages : pages
Book Rating : 4.1/5 (591 download)

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Book Synopsis Negotiation and Decision Making in Mergers and Acquisitions by : Iulian Warter, Ph.d.

Download or read book Negotiation and Decision Making in Mergers and Acquisitions written by Iulian Warter, Ph.d. and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cross-Cultural Management. The case of the DaimlerChrysler Merger

Author : Ralph Johann
Publisher : GRIN Verlag
ISBN 13 : 3640158717
Total Pages : 26 pages
Book Rating : 4.6/5 (41 download)

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Book Synopsis Cross-Cultural Management. The case of the DaimlerChrysler Merger by : Ralph Johann

Download or read book Cross-Cultural Management. The case of the DaimlerChrysler Merger written by Ralph Johann and published by GRIN Verlag. This book was released on 2008-09-08 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, California State University, Fullerton, course: International Management, 25 entries in the bibliography, language: English, abstract: On 6 May 1998, Daimler-Benz of Germany signed a merger agreement with Chrysler Corporation of the United States. The merger marked the beginning of the ambitious goal of merging two styles of auto-making, two approaches to business and the proud, but distinct cultures of two nations. The opportunities for significant synergies afforded by a combination based on factors such as shared technologies, distribution, purchasing and know-how. Daimler’s engineering skill and technological advances could be complemented by Chrysler’s skills for innovation, speed in product development and bold marketing style. Juergen Schrempp, CEO of DaimlerChrysler, said, that the new company will reach an eminent strategic position in the global marketplace by combining and utilizing each other’s strengths. It seems that Germans and Americans in the enterprise have not become closer since the merger. This paper explores the reasons for DaimlerChrysler's failure to realize the synergies identified prior to the merger. It examines the different culture and management styles of the companies that were primarily responsible for this failure. The focus will be on the cultural issues and on the different theories that try to explain cultural differences between nations – the US and Germany - and how values in the workplace are influenced by those cultures. First of all it describes the overall circumstances that led to the merger. Both companies and their conditions prior to the merger are introduced as well as the general objectives that led to the merger and the goals of it are highlighted. After that, some of the theories that try to explain cultural differences such as the Cultural Dimensions of Hofstede are introduced with a special focus on the differences between the two cultures in play, the German and the US. It will proceed with an analysis of the different corporate cultures and the accompanying communication difficulties and mistakes that have been done in this context. The paper will conclude with recent developments, the current situation of DaimlerChrysler and some recommendations to work on the existing cultural issues and other problems within the merged company.

The impact of cultural differences on the post-merger performance in international acquisitions

Author : Ricardo Escoda
Publisher : GRIN Verlag
ISBN 13 : 3668517746
Total Pages : 23 pages
Book Rating : 4.6/5 (685 download)

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Book Synopsis The impact of cultural differences on the post-merger performance in international acquisitions by : Ricardo Escoda

Download or read book The impact of cultural differences on the post-merger performance in international acquisitions written by Ricardo Escoda and published by GRIN Verlag. This book was released on 2017-09-05 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2017 in the subject Business economics - Miscellaneous, grade: 1,7, University of Augsburg, language: English, abstract: As the number of international mergers and acquisitions (M&As) increased formidable during the last decades, it is a highly discussed phenomenon, which is becoming more and more important (Erel et al., 2012). Nearly 30 years ago, in 1987, there have been merely 5.000 M&As worldwide, whereas in 2016 already 50.000 M&As were concluded and latest stats even predict increasing numbers of M&As. M&A experience might both harm and help post-merger performance in international acquisitions. As stated by Schoenberg (2000) national cultural differences mainly present a strong challenge for cross-border acquisitions. Since the initial financial expectations are met simply by one half of all M&As, cultural differences might be at fault for this high failure rate (Zollo and Meier, 2008). Given that cross-border M&As consolidate two or more different cultures, it has to be taken into consideration that incidents such as differing legislations, currencies, languages and cultural norms do play an essential role. As a result of those distinctions, costs to the integration process might occur and the capability of firms to achieve synergies might be subverted. Thereby, the expected economic advantages of the merger or acquisition will be affected, too. Key factors like the integration of the participating companies in each other and enormous adaptation operations are irrecoverable to accomplish synergies and advantages of M&As. The hypothesis whether national cultural differences between acquirers and targets are likely to undermine post-merger performance has been researched myriad. An appropriate classification reclines in whether cultural differences matter, when they matter, under what conditions and in which way they do. The elaboration of this paper is based on the theory of Hofstede (1980), who was one of the first to explicitly address the impact of culture on the integration process of M&As by explaining cultural differences might generate misunderstandings and conflicts between the two merging organisations. Hence the aim of our analysis is to dissect the impact of cultural differences on the post-merger performance in international acquisitions by focussing on two out of four dimensions of Hofstede (1980) by means of the works of Ahern et al. (2009) and Huang et al. (2017).

Presence, history and expected future development of BenQ

Author : Daniela Margardt
Publisher : GRIN Verlag
ISBN 13 : 3668331014
Total Pages : 29 pages
Book Rating : 4.6/5 (683 download)

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Book Synopsis Presence, history and expected future development of BenQ by : Daniela Margardt

Download or read book Presence, history and expected future development of BenQ written by Daniela Margardt and published by GRIN Verlag. This book was released on 2016-10-28 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Business economics - Operations Research, grade: 1,2 (18 von 20 Punkten), University of Applied Sciences Saarbrücken, course: International Strategy, language: English, abstract: In this thesis the current situation of BenQ and Siemens will be examined. First, information about the Taiwanese company BenQ will be provided. This includes information on the company itself as well as some highlights of its history, which will be presented in order to provide an insight into the basic structure of BenQ. Furthermore, the current developments concerning the acquisition of the Siemens mobile phone division will be reflected. Afterwards, the market entry strategy of BenQ is examined in order to reveal the strategic reasons for this decision. Secondly, the company Siemens will be get a closer look. The company's past will be reflected upon and the present situation is discussed within BenQ's present developments because of the linkage of both firms through the mobile phone division. Some deliberations concerning the future of the BenQ Siemens mobile phone division will conclude this paper.

Intercultural relations and communication at work. How do cultural differences influence intercultural relations?

Author :
Publisher : GRIN Verlag
ISBN 13 : 3346257843
Total Pages : 21 pages
Book Rating : 4.3/5 (462 download)

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Book Synopsis Intercultural relations and communication at work. How do cultural differences influence intercultural relations? by :

Download or read book Intercultural relations and communication at work. How do cultural differences influence intercultural relations? written by and published by GRIN Verlag. This book was released on 2020-09-30 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2020 in the subject Business economics - Miscellaneous, grade: 1.7, University of Aarhus, language: English, abstract: This paper examines how cultural differences influence intercultural relations. This will be discussed based on theories of culture, intercultural communication and illustrated by examples. Firstly, the concept of culture will be discussed, and different concepts are presented, in order to see the change of the perception of culture in history. Afterwards, intercultural relations will be defined and in order to see the traps one risks to fall in when working intercultural, a national perception of culture will be described. Subsequently, the concept of essentialism, othering, ethnocentrism, cultural relativism and stereotyping will be examined, to demonstrate how negative their impact is on intercultural relations. As another big part of intercultural relations, the importance of intercultural communication will be discussed. The concepts presented are finally illustrated by two examples. Firstly, by the study of Ifversen and Thunø, which analyses the influence of cultural differences and the perception of culture when working intercultural. In particular, the cultural differences of the concepts of face and respect are examined and the results of the study will be presented and interpreted. Secondly, the text of Kalin will be displayed, which highlights intercultural problems in the asylum search. The focus here is on the cultural relativity of concepts and different time perceptions.

The DaimlerChrysler Merger - One Company, Two Cultures

Author : Tobias Wolf
Publisher : GRIN Verlag
ISBN 13 : 3638790215
Total Pages : 41 pages
Book Rating : 4.6/5 (387 download)

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Book Synopsis The DaimlerChrysler Merger - One Company, Two Cultures by : Tobias Wolf

Download or read book The DaimlerChrysler Merger - One Company, Two Cultures written by Tobias Wolf and published by GRIN Verlag. This book was released on 2007-11 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2005 in the subject Business economics - Miscellaneous, grade: A, Northeastern University of Boston, course: Cultural Aspects of International Business, 12 entries in the bibliography, language: English, abstract: In May 1998 the German car maker Daimler-Benz AG and America's third largest automobile company, Chrysler Corporation, signed a merger agreement to build the world's No. 5 automaker. Juergen Schrempp, CEO of Daimler-Benz, and Robert Eaton, Chrysler's then boss, saw a logical fit between the European luxury-car producer and the American maker of sport-utility vehicles, minivans and medium-sized vehicles. The complementing product and geographical match seemed to prepare the merged DaimlerChrysler AG for the future competition in the automobile industry. [...]