The Impact Of Cultural Differences On Cross Border Mergers At The Example Of Daimlerchrysler

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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 [...]

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.

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.

Effects of Culture and Behaviour on Negotiation and Implementation Success. The Example of the DaimlerChrysler Merger

Author :
Publisher : GRIN Verlag
ISBN 13 : 3346278158
Total Pages : 24 pages
Book Rating : 4.3/5 (462 download)

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Book Synopsis Effects of Culture and Behaviour on Negotiation and Implementation Success. The Example of the DaimlerChrysler Merger by :

Download or read book Effects of Culture and Behaviour on Negotiation and Implementation Success. The Example of the DaimlerChrysler Merger written by and published by GRIN Verlag. This book was released on 2020-10-21 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 75%, The University of York, course: Cross-Cultural Managemnet & Negotiation, language: English, abstract: The automotive industry has been facing increasing problems over the last years and COVID-19 accelerated the situation. Changes in the industry are challenging the automotive manufacturers to defend their position and adapt to constantly changing conditions. Some manufacturers, such as PSA and FiatChrysler already announced mergers to be jointly successful in the future (European Commission, 2020). Since Chrysler was part of several M&A activities, it is interesting to take a look at past Chrysler mergers and consider which factors regarding cross-cultural management influenced the merger outcome. The example of the DaimlerChrysler merger will be used for this purpose in order to analyse the merger towards cultural differences and behaviour of both parties under consideration of cross-cultural management theory which had an influence on the failure of the merger by means of Hofstede’s cultural dimensions.

The Role of Company Cultures in Mergers with Reference to Fiat Chrysler Automobiles

Author : André Euschen
Publisher :
ISBN 13 : 9783668651241
Total Pages : 28 pages
Book Rating : 4.6/5 (512 download)

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Book Synopsis The Role of Company Cultures in Mergers with Reference to Fiat Chrysler Automobiles by : André Euschen

Download or read book The Role of Company Cultures in Mergers with Reference to Fiat Chrysler Automobiles written by André Euschen and published by . This book was released on 2018-03 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2016 in the subject Business economics - Business Management, Corporate Governance, grade: 1,2, University Witten/Herdecke, language: English, abstract: In times of globalisation, mergers and acquisitions (M&A) are an important and common tool for companies in order to expand their operations as well as to face changing market conditions and increased competition. Over the past three decades, M&A have therefore become a truly global phenomenon: While in 1985 there were only 2,675 M&A transactions worth 347 billion USD, there were more than 46,000 global transactions, worth more than 4.5 trillion USD in 2015. In comparison to 2014, the number of deals increased marginally by 2.7 percent in 2015, while the value of the transactions grew by 16 percent. Nevertheless, and despite the increasing popularity of M&A transaction worldwide, several studies yield that mergers actually have a high rate of failure. Depending on whose research results one relies on, the failure of M&A-deals varies between 60 and 75 percent. In this context, it should however be distinguished between the failure of creating any business benefit (especially shareholder value) and the total failure of the merger (and a segregation afterwards, as e.g. Daimler-Chrysler did) which most likely will be a much lower percentage. As one recent study found out, culture has been identified to be the cause of 30 percent of failed integrations. These cultural differences between the merging companies become even more important in cross-border mergers where people from different cultural groups with different opinions, attitudes and values interact with each other. Although it is known that culture plays a key role in the integration process and therefore also for the success of the whole merger, it is often given relatively little attention to by the managers. After building a theoretical background on M&A and organizational culture, the paper will focus on the role of culture in a

Cultural Clash and Cultural Due Diligence at DaimlerChrysler

Author : Dirk Hollank
Publisher : GRIN Verlag
ISBN 13 : 3640407415
Total Pages : 55 pages
Book Rating : 4.6/5 (44 download)

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Book Synopsis Cultural Clash and Cultural Due Diligence at DaimlerChrysler by : Dirk Hollank

Download or read book Cultural Clash and Cultural Due Diligence at DaimlerChrysler written by Dirk Hollank and published by GRIN Verlag. This book was released on 2009-01-13 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2008 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, Hamburg University of Applied Sciences (Wirtschaft / AIM), course: AIM Aussenwirtschaft und Internationales Management Seminar 7. Semester HAW Hamburg, language: English, abstract: The following paper deals with the topic “Cultural Due Diligence and Cultural Clash” using the example of Daimler and Chrysler’s merger in 1998. The paper is therefore dealing with the corporate culture in a company and the importance of its consideration. It will define corporate culture and illustrate different views of measuring it and looking at it. Further a closer look on Daimler’s and Chrysler’s corporate culture will be given and the challenge of merging these two cultures will be clarified. This paper is going to accentuate the need for a Cultural Due Diligence and familiarize the whole process of it. It will therefore prove that the analyses of a company’s cooperate culture with the Cultural Due Diligence is majorly important in order to successfully merge two companies. In detail the term paper therefore indicate tools that are being used to get to know the culture of a company and introduce theoretical as well as practical approaches. Whenever it is possible a connection to DaimlerChrysler and their Cultural Due Diligence is given. An analyze why DaimlerChrysler’s merger failed to realize the synergies will be given in the last chapter and are being underlined with statements of personalities that have been involved in the merger process or that were engaged in the fusion.

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).

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. [...]

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:

Cross-Border Mergers and Acquisitions

Author : Mohammad Bedier
Publisher : Edward Elgar Publishing
ISBN 13 : 1788110897
Total Pages : 400 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Cross-Border Mergers and Acquisitions by : Mohammad Bedier

Download or read book Cross-Border Mergers and Acquisitions written by Mohammad Bedier and published by Edward Elgar Publishing. This book was released on 2018-09-28 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the reader with an overview of the origin of corporations and the history of mergers and acquisitions. It demystifies the dynamics of mergers and identifies the unique impediments facing cross-border mergers and acquisitions, with great attention to the pre-merger control laws and regulations, in several regions (US, EU, and Middle East). Most importantly, it discusses and assesses merger deregulation and other key reforming proposals.

Merging Across Borders

Author : Anne-Marie Søderberg
Publisher : Copenhagen Business School Press DK
ISBN 13 : 9788763001151
Total Pages : 296 pages
Book Rating : 4.0/5 (11 download)

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Book Synopsis Merging Across Borders by : Anne-Marie Søderberg

Download or read book Merging Across Borders written by Anne-Marie Søderberg and published by Copenhagen Business School Press DK. This book was released on 2003 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: "'Merging across Borders' offers insight into social, cultural, communicative and political dynamics in complex organizational change processes following mergers and acquisitions; dynamics which have often been neglected in previous research. The book is written by a Nordic research team, and it is based on their extensive field study of a series of cross-border mergers and acquisitions leading to the creation of Nordea, the largest Nordic financial services group today."

The DaimlerChrysler Merger - An Analysis of the Cultural Problems

Author : Martin Lüthge
Publisher : GRIN Verlag
ISBN 13 : 365699613X
Total Pages : 20 pages
Book Rating : 4.6/5 (569 download)

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Book Synopsis The DaimlerChrysler Merger - An Analysis of the Cultural Problems by : Martin Lüthge

Download or read book The DaimlerChrysler Merger - An Analysis of the Cultural Problems written by Martin Lüthge and published by GRIN Verlag. This book was released on 2012-05-02 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Business economics - Business Management, Corporate Governance, grade: 1, , language: English, abstract: Introduction (English) 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 busine

Managing Human Resources in Cross-border Alliances

Author : Randall S. Schuler
Publisher : Psychology Press
ISBN 13 : 0415369460
Total Pages : 271 pages
Book Rating : 4.4/5 (153 download)

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Book Synopsis Managing Human Resources in Cross-border Alliances by : Randall S. Schuler

Download or read book Managing Human Resources in Cross-border Alliances written by Randall S. Schuler and published by Psychology Press. This book was released on 2004 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers the growing importance of cross-border alliances, in particular international joint ventures, mergers and acquisitions. Featuring case-studies and other added value features, this is an essential text for students of HRM.

International Human Resource Management

Author : Anne-Wil Harzing
Publisher : SAGE
ISBN 13 : 1473908647
Total Pages : 569 pages
Book Rating : 4.4/5 (739 download)

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Book Synopsis International Human Resource Management by : Anne-Wil Harzing

Download or read book International Human Resource Management written by Anne-Wil Harzing and published by SAGE. This book was released on 2014-11-25 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: "I enthusiastically endorse the fourth edition of IHRM. The editors are to be congratulated for recruiting the top-rated authors in this field to contribute to this volume. The chapters are up to date, insightful, and sometimes even provocative. Students, including post-grads and advanced undergraduates, as well as savvy practitioners, will benefit from reading this volume." Neal M. Ashkanasy, Professor of Management, The University of Queensland Anne-Wil Harzing and Ashly Pinnington’s bestselling textbook has guided thousands of students through their International Human Resource Management studies. The fourth edition retains the critical edge, academic rigour and breadth of coverage which have established this book as the most authoritative text on the market. The new edition by our international team of experts provides an even more stimulating journey through the core curriculum, contemporary debates and emerging issues in IHRM. New for the fourth edition: Reduced number of chapters to allow for greater depth and an improved structure ensuring fundamental topics underpin your knowledge Expanded coverage of Equality and Diversity, Corporate Social Responsibility and Sustainability and Cross-Cultural Management in line with developments in the field New Stop and Reflect feature provides an opportunity to test your understanding at regular intervals This text comes with access to a companion website containing web links, SAGE journal articles and more.

Culture and Demography in Organizations

Author : J. Richard Harrison
Publisher : Princeton University Press
ISBN 13 : 9780691124827
Total Pages : 298 pages
Book Rating : 4.1/5 (248 download)

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Book Synopsis Culture and Demography in Organizations by : J. Richard Harrison

Download or read book Culture and Demography in Organizations written by J. Richard Harrison and published by Princeton University Press. This book was released on 2006 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do corporations and other organizations transmit their cultures over time? This book grounds its analysis in mathematical tools and computer simulation, and offers a comprehensive answer to this question. It is for students of organization theory and behavior, cultural studies, strategic management, sociology, economics, and social simulation

Handbook of Corporate Finance

Author : David J. Denis
Publisher : Edward Elgar Publishing
ISBN 13 : 1800373899
Total Pages : 709 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Handbook of Corporate Finance by : David J. Denis

Download or read book Handbook of Corporate Finance written by David J. Denis and published by Edward Elgar Publishing. This book was released on 2024-02-12 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expertly surveying the realm of corporate finance, this adroitly-crafted Handbook offers a wealth of conceptual analysis and comprehensively outlines recent scholarly research and developments within the field. It not only delves into the theoretical dimensions of corporate finance, but also explores its practical implications, thereby bridging the gap between these distinct strands.

The Complete Guide to Mergers and Acquisitions

Author : Timothy J. Galpin
Publisher : John Wiley & Sons
ISBN 13 : 1118047478
Total Pages : 289 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis The Complete Guide to Mergers and Acquisitions by : Timothy J. Galpin

Download or read book The Complete Guide to Mergers and Acquisitions written by Timothy J. Galpin and published by John Wiley & Sons. This book was released on 2010-12-23 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mergers and acquisitions (M&A) experts Tim Galpin and Mark Herndon present an updated and expanded guide to planning and managing the M&A process. This comprehensive book is unique in providing the tools to address both the human and operational sides of integration. Based on the authors' consulting experience with numerous Fortune 500 companies, this resource will help organizations capture deal synergies more quickly and effectively. Augmenting their step-by-step advice with helpful templates, checklists, graphs and tools, Galpin and Herndon provide sound guidance for successfully integrating different processes, organizations, and cultures. The authors also address pre-deal do’s and don’ts, people dynamics, common mistakes, communications strategies, and specific actions you can take to create measurable positive results throughout the integration process. The revised edition not only updates case studies and presents recent integration research, but it also adds new tools.