The Daimlerchrysler Merger One Company Two Cultures

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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. ...]

The DaimlerChrysler merger: One company, two cultures

Author : Tobias Wolf
Publisher : GRIN Verlag
ISBN 13 : 3638367169
Total Pages : 19 pages
Book Rating : 4.6/5 (383 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 2005-04-17 with total page 19 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, 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. [...]

Taken for a Ride

Author : Bill Vlasic
Publisher : William Morrow
ISBN 13 :
Total Pages : 398 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Taken for a Ride by : Bill Vlasic

Download or read book Taken for a Ride written by Bill Vlasic and published by William Morrow. This book was released on 2000-05-30 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: It was the deal heard round the world. In May 1998, a stunning $36 billion merger was announced by Chrysler, the all-American automaker, and Daimler-Benz, the German manufacturer of Mercedes-Benz luxury sedans. The Wall Street Journal christened the deal "the biggest industrial merger of all time." The marriage of Daimler and Chrysler promised to rock the global auto industry and draw up a blueprint for international consolidation on an epic scale. But the union of Chrysler, the blue-collar maker of Jeeps and minivans, with Daimler, the crown jewel of German industry, didn't turn out to be a merger made in heaven. When the dust settled, Daimler had bought Chrysler, and the shock waves reverberated on both sides of the Atlantic. An American icon lost its independence, and a German giant grew in power and influence. The DiamlerChrysler deal brough together two automotive superpowers and triggered a chain reaction among competitors seeking partners around the world. In a gripping narrative ripped from the daily headlines, Bill Vlasic and Bradley A. Stertz of the Detroit News go behind the scenes of the defining corporate drama of the decade. With groundbreaking reporting, they reveal the untold story behind the unsuccessful attempt to take over Chrysler by its biggest shareholder, the reclusive billionaire Kirk Kerkorian, and its legendary retired CEO, Lee Iacocca. Their startling grab for the smallest of Detroit's Big Three automakers sparked secret talks between Chrysler and Daimler on a massive joint venture. The first deal collapsed, but it set the stage for the final, intense negotiations between Chrysler chairman Robert Eaton and Daimler chairman Jürgen Schrempp. It was hailed as a historic "merger of equals," but the euphoria evaporated amid a clash of cultures, identities, and personalities. The action moves feverishly around the world with larger-than-life characters in the high-stakes arena of international automaking. Taken for a Ride follows the twists and turns in the road to DaimlerChrysler and, in the end, emerges as a cautionary tale of the risks and rewards of going global.

Cross-Cultural Management. The case of the DaimlerChrysler Merger

Author : Ralph Johann
Publisher : GRIN Verlag
ISBN 13 : 3640158717
Total Pages : 29 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 29 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, 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.

Daimler-Chrysler Merger Case

Author : Nicolas Martelin
Publisher : GRIN Verlag
ISBN 13 : 3640411838
Total Pages : 29 pages
Book Rating : 4.6/5 (44 download)

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Book Synopsis Daimler-Chrysler Merger Case by : Nicolas Martelin

Download or read book Daimler-Chrysler Merger Case written by Nicolas Martelin and published by GRIN Verlag. This book was released on 2009-09 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2008 in the subject Business economics - Business Management, Corporate Governance, grade: A-, International School of Management Dortmund, language: English, abstract: Back in 1998, Daimler-Benz, the German manufacturer of luxury automobiles, had only captured less than one percent of the American market (Daimler-Benz AG, Standard & Poor's Stock Reports. New York: Standard & Poor's, Inc., July 21, 1997). Meanwhile, the American Chrysler Corporation was willing to extend its international reach, especially in Europe. Given the circumstances, both companies came to the conclusion that a merger would make sense. On May 7th, 1998, the merger was oﬃcially announced as the largest trans-Atlantic merger ever. However, this buyout - which could have led to the creation of the greatest car manufacturer in the world - had failed in less that ten years. On May 14, 2007, the DaimlerChrysler company was already a thing of the past. Almost two years after the sale of Chrysler, a question remains: Why the merger failed? If we compare a merger to a marriage, we would say that they married the wrong persons. But how managers and executives from the two companies has gotten it so wrong?

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 : 145 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 145 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 [...]

Mergers and Acquisitions

Author : Mark E. Mendenhall
Publisher : Stanford University Press
ISBN 13 : 9780804746618
Total Pages : 472 pages
Book Rating : 4.7/5 (466 download)

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Book Synopsis Mergers and Acquisitions by : Mark E. Mendenhall

Download or read book Mergers and Acquisitions written by Mark E. Mendenhall and published by Stanford University Press. This book was released on 2005 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the dynamics of the sociocultural processes inherent in mergers and acquisitions, and draws implications for post-merger integration management.

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.

Culture's Consequences

Author : Geert Hofstede
Publisher : SAGE
ISBN 13 : 9780803913066
Total Pages : 332 pages
Book Rating : 4.9/5 (13 download)

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Book Synopsis Culture's Consequences by : Geert Hofstede

Download or read book Culture's Consequences written by Geert Hofstede and published by SAGE. This book was released on 1984 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his bestselling book Culture's Consequences, Geert Hofstede proposed four dimensions on which the differences among national cultures can be understood: Individualism, Power Distance, Uncertainty Avoidance and Masculinity. This volume comprises the first in-depth discussion of the masculinity dimension and how it can help us to understand differences among cultures. The book begins with a general explanation of the masculinity dimension, and discusses how it illuminates broad features of different cultures. The following parts apply the dimension more specifically to gender (and gender identity), sexuality (and sexual behaviour) and religion, probably the most influential variable of all. Hofstede closes the book

Rule Makers, Rule Breakers

Author : Michele Gelfand
Publisher : Scribner
ISBN 13 : 1501152947
Total Pages : 384 pages
Book Rating : 4.5/5 (11 download)

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Book Synopsis Rule Makers, Rule Breakers by : Michele Gelfand

Download or read book Rule Makers, Rule Breakers written by Michele Gelfand and published by Scribner. This book was released on 2019-08-20 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: A celebrated social psychologist offers a radical new perspective on cultural differences that reveals why some countries, cultures, and individuals take rules more seriously and how following the rules influences the way we think and act. In Rule Makers, Rule Breakers, Michele Gelfand, “an engaging writer with intellectual range” (The New York Times Book Review), takes us on an epic journey through human cultures, offering a startling new view of the world and ourselves. With a mix of brilliantly conceived studies and surprising on-the-ground discoveries, she shows that much of the diversity in the way we think and act derives from a key difference—how tightly or loosely we adhere to social norms. Just as DNA affects everything from eye color to height, our tight-loose social coding influences much of what we do. Why are clocks in Germany so accurate while those in Brazil are frequently wrong? Why do New Zealand’s women have the highest number of sexual partners? Why are red and blue states really so divided? Why was the Daimler-Chrysler merger ill-fated from the start? Why is the driver of a Jaguar more likely to run a red light than the driver of a plumber’s van? Why does one spouse prize running a tight ship while the other refuses to sweat the small stuff? In search of a common answer, Gelfand spent two decades conducting research in more than fifty countries. Across all age groups, family variations, social classes, businesses, states, and nationalities, she has identified a primal pattern that can trigger cooperation or conflict. Her fascinating conclusion: behavior is highly influenced by the perception of threat. “A useful and engaging take on human behavior” (Kirkus Reviews) with an approach that is consistently riveting, Rule Makers, Ruler Breakers thrusts many of the puzzling attitudes and actions we observe into sudden and surprising clarity.

A Comprehensive Guide to Mergers & Acquisitions

Author : Yaakov Weber
Publisher : Pearson Education
ISBN 13 : 0133014150
Total Pages : 241 pages
Book Rating : 4.1/5 (33 download)

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Book Synopsis A Comprehensive Guide to Mergers & Acquisitions by : Yaakov Weber

Download or read book A Comprehensive Guide to Mergers & Acquisitions written by Yaakov Weber and published by Pearson Education. This book was released on 2014 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leverage today's most complete and practical framework for driving superior business value from mergers and acquisitions -- both domestic and international. A Comprehensive Guide to Mergers and Acquisitions Management focuses on critical success factors across every stage of the process, including planning, screening, negotiation, due diligence, transition management structures, post-merger integration, leadership and trust, cultural integration, HR practices, control, monitoring, and more. Authored by Yaakov Weber, an international expert in M&A management, strategic alliances, and strategic management, this book's uniquely interdisciplinary approach fully addresses both operational and cultural requirements, supporting participants in every role. Replete with recent examples and cases, it pays special attention to crucial strategic and behavioral linkages between pre- and post-merger stages, explaining why they are so important and how they can be managed to create maximum value. Throughout, Weber provides practical tools, tables, and figures that can help M&A implementers ensure best performance and achieve success where others have failed. As just one example, he provides proven instruments for analyzing cultural differences and the potential for synergy, and translating that potential into reality. For multiple audiences, including board members and top executives who must evaluate the strategic and financial issues associated with M&A; investment bankers, VCs, and other investors who must screen and select acquisitions; managers who must execute business combinations; consultants in strategy, HR, culture, and other areas; and faculty and students in executive education, MBA, and BA-level business programs.

Five Frogs on a Log

Author : Mark L Feldman
Publisher : John Wiley & Sons
ISBN 13 : 047148556X
Total Pages : 226 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Five Frogs on a Log by : Mark L Feldman

Download or read book Five Frogs on a Log written by Mark L Feldman and published by John Wiley & Sons. This book was released on 2001 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Five Frogs on a Log offers readers an entertaining and no--nonsense field guide to the mergers and acquisitions jungle, packed with insight and instruction for executing corporate change and capturing shareholder value.

Remix Strategy

Author : Benjamin Gomes-Casseres
Publisher : Harvard Business Review Press
ISBN 13 : 1625270577
Total Pages : 291 pages
Book Rating : 4.6/5 (252 download)

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Book Synopsis Remix Strategy by : Benjamin Gomes-Casseres

Download or read book Remix Strategy written by Benjamin Gomes-Casseres and published by Harvard Business Review Press. This book was released on 2015-08-11 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Create and capture value, no matter what path you've chosen. How to Create Joint Value Alliances, partnerships, acquisitions, mergers, and joint ventures are no longer the exception in most businesses—they are part of the core strategy. As managers look to external partners for resources and capabilities, they need a practical roadmap to ensure that these relationships will create value for their firm. They must answer questions like these: Which business combinations do we need? How should we govern them? Will their results justify our investments? Benjamin Gomes-Casseres explains how companies create value by “remixing” resources with other companies. Based on decades of consulting and academic research, Remix Strategy shows how three laws shape the success of any business combination: • First Law: The combination must have the potential to create more value than the parties could create on their own. Which elements from each business need to be combined to create joint value? • Second Law: The combination must be designed and managed to realize the joint value. Which partners best fit our strategic goals? How should we manage the integration? • Third Law: The value earned by the parties must motivate them to contribute to the collaboration. How will we share the joint value created? Will the returns shift over time? Supported by examples from a wide range of industries and companies, and filled with practical tools for applying the three laws, this book helps managers design and lead a coherent strategy for creating joint value with outside partners.

Investment Banking Explained: An Insider's Guide to the Industry

Author : Michel Fleuriet
Publisher : McGraw Hill Professional
ISBN 13 : 0071642889
Total Pages : 369 pages
Book Rating : 4.0/5 (716 download)

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Book Synopsis Investment Banking Explained: An Insider's Guide to the Industry by : Michel Fleuriet

Download or read book Investment Banking Explained: An Insider's Guide to the Industry written by Michel Fleuriet and published by McGraw Hill Professional. This book was released on 2008-07-20 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insider guidance to the modern world of investment banking today In Investment Banking Explained, Wharton professor and globalfinancier Michel Fleuriet provides a complete overview ofinvestment banking in its modern form; defines key terms; identifiesstructures, strategies, and operational aspects; and analyzesthe strategy in each of the main functional areas of aninvestment bank.

Wheels on Fire

Author : David Waller
Publisher : Coronet
ISBN 13 : 9780340770375
Total Pages : 316 pages
Book Rating : 4.7/5 (73 download)

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Book Synopsis Wheels on Fire by : David Waller

Download or read book Wheels on Fire written by David Waller and published by Coronet. This book was released on 2001 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Daimler-Benz's founders invented the motor car and for decades the company has been an emblem of Germany's economic might. Chrysler was the most profitable of North America's big three automotive manufacturers. DaimlerChrysler was formed in 1998. The deal was the biggest merger of two industrial companies in history, creating a global giant with sales of $120 billion and 470,000 employees. Combining thrilling narrative with first-hand analysis, David Waller gives tangible lessons for managers involved in global business, highlighting what was done right and what could be done differently. He provides a unique insight into the fusion of European and North American business culture which has created a genuinely world-wide company. WHEELS ON FIRE

Wealth Creation in the World’s Largest Mergers and Acquisitions

Author : B. Rajesh Kumar
Publisher : Springer
ISBN 13 : 303002363X
Total Pages : 341 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Wealth Creation in the World’s Largest Mergers and Acquisitions by : B. Rajesh Kumar

Download or read book Wealth Creation in the World’s Largest Mergers and Acquisitions written by B. Rajesh Kumar and published by Springer. This book was released on 2018-11-29 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights research-based case studies in order to analyze the wealth created in the world’s largest mergers and acquisitions (M&A). This book encourages cross fertilization in theory building and applied research by examining the links between M&A and wealth creation. Each chapter covers a specific case and offers a focused clinical examination of the entire lifecycle of M&A for each mega deal, exploring all aspects of the process. The success of M&A are analyzed through two main research approaches: event studies and financial performance analyses. The event studies examine the abnormal returns to the shareholders in the period surrounding the merger announcement. The financial performance studies examine the reported financial results of acquirers before and after the acquisition to see whether financial performance has improved after merger. The relation between method of payment, premium paid and stock returns are examined. The chapters also discuss synergies of the deal-cost and revenue synergies. Mergers and acquisitions represent a major force in modern financial and economic environment. Whether in times of boom or bust, M&As have emerged as a compelling strategy for growth. The biggest companies of modern day have all taken form through a series of restructuring activities like multiple mergers. Acquisitions continue to remain as the quickest route companies take to operate in new markets and to add new capabilities and resources. The cases covered in this book highlights high profile M&As and focuses on the wealth creation for shareholders of acquirer and target firms as a financial assessment of the merger’s success. The book should be useful for finance professionals, corporate planners, strategists, and managers.

Managing Human Resources in Cross-Border Alliances

Author : Susan E Jackson
Publisher : Routledge
ISBN 13 : 1134202407
Total Pages : 271 pages
Book Rating : 4.1/5 (342 download)

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Book Synopsis Managing Human Resources in Cross-Border Alliances by : Susan E Jackson

Download or read book Managing Human Resources in Cross-Border Alliances written by Susan E Jackson and published by Routledge. This book was released on 2003-04-24 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Across the world, companies are forming some of the most complex and exciting collaborations in the business world: cross-border alliances (CBAs). Yet while this offers multinational companies a way into the global marketplace, there is no guarantee of success.This book looks at the business and human resource issues arising in these complex collab