Diversity Or Focus? - The Impact of Cultural Differences on the Long-term Performance of Frequent Acquirers PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Diversity Or Focus? - The Impact of Cultural Differences on the Long-term Performance of Frequent Acquirers PDF full book. Access full book title Diversity Or Focus? - The Impact of Cultural Differences on the Long-term Performance of Frequent Acquirers by . Download full books in PDF and EPUB format.
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
The study at hand aims to better understand the relationship between cultural differences in mergers and acquisitions as well as the long-term performance of frequent acquirers. A sample of Germany's 43 most active acquirers was categorised and analysed over the period of 2000 to 2012, based on their acquisition strategy, by developing a clustering framework consisting of the dimensions of acquisition spread and transactions distribution across countries. It was found that acquirers which followed an 'all-or-none' mentality were rewarded, with the best performing acquirers applying a strategy of widespread country expansion into culturally distant countries, followed by acquirers pursuing a focused country expansion. Looking at the supporting factors of acquisition experience and relative deal size, it has been found that the former only partially contributed to the findings, while an increased size of the latter seemed to be favourable for a company's long-term performance. It has been suggested that companies focusing on impactful deals, which also grant access to new resources and foreign markets, were considered the best among the sample, implying that the new routines and approaches gathered through such acquisitions helped to offset the transactions' integration costs.
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
The study at hand aims to better understand the relationship between cultural differences in mergers and acquisitions as well as the long-term performance of frequent acquirers. A sample of Germany's 43 most active acquirers was categorised and analysed over the period of 2000 to 2012, based on their acquisition strategy, by developing a clustering framework consisting of the dimensions of acquisition spread and transactions distribution across countries. It was found that acquirers which followed an 'all-or-none' mentality were rewarded, with the best performing acquirers applying a strategy of widespread country expansion into culturally distant countries, followed by acquirers pursuing a focused country expansion. Looking at the supporting factors of acquisition experience and relative deal size, it has been found that the former only partially contributed to the findings, while an increased size of the latter seemed to be favourable for a company's long-term performance. It has been suggested that companies focusing on impactful deals, which also grant access to new resources and foreign markets, were considered the best among the sample, implying that the new routines and approaches gathered through such acquisitions helped to offset the transactions' integration costs.
Author: Lionel Laroche Publisher: Routledge ISBN: 1135119384 Category : Business & Economics Languages : en Pages : 300
Book Description
The Chinese characters for "danger" and "opportunity" form the word "crisis". Ancient Chinese wisdom sees an opportunity in danger. While cultural diversity brings challenges to the workplace, how do we turn these challenges into opportunities? Drawing on their extensive experience working with multicultural and multinational organizations, Lionel Laroche and Caroline Yang provide an in-depth analysis of cross-cultural dynamics in the workplace and offer practical suggestions at both the individual and organizational levels. The book analyzes cross-cultural challenges in six areas: the relative importance of technical and soft skills; cross-cultural communication; cross-cultural feedback; hierarchy; individualism; and risk tolerance. It then provides a solutions framework that encompasses people, systems and environment to bridge the issues that arise from cultural differences. The analysis and solutions are applied in four business contexts: managing a multicultural workforce; competing in the global talent market; collaborating with joint venture partners; and working with offshore resources. If you work with colleagues, managers, employees and customers from diverse cultures, if you are with an organization that has a multicultural workforce and/or global operations, or if your organization collaborates with joint venture partners or offshore resources from different cultures, then Danger and Opportunity: Bridging Cultural Diversity for Competitive Advantage is the book for you.
Author: Fons Trompenaars Publisher: Nicholas Brealey International ISBN: 1904838405 Category : Business & Economics Languages : en Pages : 311
Book Description
THE DEFINITIVE GUIDE TO CROSS-CULTURAL MANAGEMENT The definitive guide to cross-cultural management--updated to help you lead effectively during a time of unprecedented globalization. First published nearly 20 years ago, Riding the Waves of Culture has now become the standard guide to conducting business in an international context. Now, the third edition provides you with important new information and groundbreaking methods for leading effectively in the most globalized business landscape ever.
Author: Robert T. Moran Publisher: Routledge ISBN: 1136385339 Category : Business & Economics Languages : en Pages : 613
Book Description
This new edition of a business textbook bestseller has been completely updated to reflect the numerous global changes that have occurred since 1999: globalization, SARS, AIDS, the handover of Hong Kong, and so forth. In particular, the book presents a fuller discussion of global business today. Also, issues of terrorism and state security as they affect culture and business are discussed substantially. The structure and content of the book remains the same, with thorough updating of the plentiful region and country descriptions, demographic data, graphs and maps. This book differs from textbooks on International Management because it zeroes in on culture as the crucial dimension and educates students about the cultures around the world so they will be better prepared to work successfully for a multinational corporation or in a global context.
Author: Kamal Dean Parhizgar Publisher: Routledge ISBN: 1135187126 Category : Business & Economics Languages : en Pages : 528
Book Description
Resolve cross-cultural communication issues with your business suppliers, customers, and staff! Because of the rapid growth of multinational corporations and the World Wide Web, global interdependence is no longer a matter of ideology or choice, but an inescapable reality. Multicultural Behavior and Global Business Environments teaches managers both practical techniques and theoretical insights for working with people from diverse cultures in home and host countries. Managers who ignore or dismiss cultural differences may find themselves alienating customers and employees, fumbling negotiations, and ultimately losing sales. In contrast, those who are willing to see the world from different perspectives may spot fresh opportunities. Bringing multiple cultures together results in synergy, in which two combined energies multiply and reinforce one another. Multicultural Behavior and Global Business Environments tells you not only how to create synergy, but also how to profit from it. Multicultural Behavior and Global Business Environments offers practical features to help students and managers understand diverse cultures, including: charts, maps, and tables showing specific cultural divergences detailed discussions of relevant theories in psychology, management, and ethics exercises and self-tests clear, skill-based objectives for each chapter definitions of the terms and processes of multiculturalization In the modern world, the key to prosperity--or failure--in the global marketplace is awareness of cultural differences. Multicultural Behavior and Global Business Environments offers a sweeping multidisciplinary inventory of facts, theories, and practical ideas for making multiculturalism work. This comprehensive volume is a crucial resource for every manager who belongs to a multinational organization, as well as students of both domestic and international business, political science, international relations, public administration, and educational administration.
Author: Tyronne Stoudemire Publisher: John Wiley & Sons ISBN: 1394230729 Category : Business & Economics Languages : en Pages : 247
Book Description
A surprising new look at diversity, equity, and inclusion at contemporary workplaces and beyond. In Diversity Done Right: Navigating Cultural Difference to Create Positive Change In the Workplace the Senior Vice President of Global Diversity, Equity, and Inclusion (DEI) at Hyatt, Tyronne Stoudemire, delivers an enlightening and startling look at group dynamics via case studies and interviews representing a variety of backgrounds. In the book, you’ll learn how to use proven and tested frameworks and tools to assess, develop, and demonstrate cross cultural competence and humility in each chapter. You’ll also discover: Strategies for developing humility and understanding of organizational and societal group dynamics. Real-world examples of situations in which individuals were offended or harmed through the misbehavior of others. The consequences of the collision of different world views Perfect for managers, executives, directors, and other business leaders, Diversity Done Right will also prove invaluable to human resources professionals and DEI leaders seeking to make their workplaces more just places.
Author: Junaid Javaid Publisher: GRIN Verlag ISBN: 3656748551 Category : Business & Economics Languages : en Pages : 37
Book Description
Seminar paper from the year 2013 in the subject Business economics - Offline Marketing and Online Marketing, grade: B-, University of Bedfordshire, course: MASTER OF BUSINESS ADMINISTRATION, language: English, abstract: This report is written on the topic of ‘How does Cultural Differences matter when the companies from different cultures merge together? The scope of this report is broad as it incorporates the implications of cultural differences in relation to the cross-border strategic alliance. Corporate Culture is used as term to signify how the managers and the workers of particular organisation tend to behave. Many international companies (Nestlè and Shell) have long term commitment towards cultural awareness and normally accepted it as an integral part of their international practices. Cultural clash and its bottom line influence are usually complicated and hard to predict. Frequently, failure to anticipate cultural clash originated from the senior managers and dealmakers lack of awareness. Understanding the prediction and mitigation of negative influence of cultural differences should be a part of cross-border alliances agenda for all management levels. From the case study chapter it has been figured out that most of American cultural traits have seemed to have direct clash with the Swedes culture which is characterised by certain aspects: modesty, values of relationship, caring and the quality of life. Both countries determined to have low power distance and high individualism but in US managemnt seemed to have slightly steeper management hierarchy than the Swedes management. Swedes ranked highlu in term of institutional collectivism but fairly low on small group or family collectivism. The vice versa case in Italian culture. Contrary to Americans, Italians are not much oriented towards performance or achievement and are turned up to be more emotional than American and Swedes and also have comparatively less future orientation. It has been recommended that Cultural differences is an impotant post-merger barrier for managers who are looking realise the value addition or the synergies impacr through the pooling of resource and capabilites of two firms from different cultures. Cultural clash and its bottom line influence are very often complicated and hard to predict. Frequently, failure to anticipate cultural clash originated from the senior managers and dealmakers lack of awareness. It has been seemed that the financial analyses which focuses only on the die-diligence process (Identifying cost-cutting benefits and counting up assets) tend to neglect any estimation on organisational and cultural synergy.
Author: Stefanie Hoffmann Publisher: GRIN Verlag ISBN: 3638501531 Category : Business & Economics Languages : en Pages : 14
Book Description
Essay from the year 2005 in the subject Leadership and Human Resources - Miscellaneous, grade: 63% - B, Cardiff University, language: English, abstract: Companies all over the world have always tried to create and capitalise on competitive advantages, ensuring profitability and long term survival. Due to the increasing competition in most markets, mainly caused by globalization, liberalisation and better information of the customers, the need to gain advantages in competition is now more essential than ever. This essay, labelled “Cultural diversity is a source of international competitive advantage. Critically evaluate”, shall point out the complexity of this topic. “What business strategy is all about; what distinguishes it from all other kinds of business planning - is, in a word, competitive advantage. Without competitors there would be no need for strategy, for the sole purpose of strategic planning is to enable the company to gain, as effectively as possible, a sustainable edge over its competitors.” Keniche Ohnae (http://www.quotationspage.com/quote/8183.html: accessed on 30.11.2005) Michael Porter, professor at the Harvard Business School, stated that competitive advantages depend on different factors like the availability of resources, the size and sophistication of the market or the type of strategic networks. (Schneider and Barsoux, 1997) He also said that choosing the right strategies make the company unique, build brand reputation or set the right goal. (Porter, 2005) In general, competitive advantage is often associated with specific business operations like mentioned above. Little people think that also cultural diversity provides a source of competitive advantage. [...]
Author: Matthias Boeing Publisher: Anchor Academic Publishing (aap_verlag) ISBN: 3954895366 Category : Business & Economics Languages : en Pages : 78
Book Description
“Companies that do not adapt to the new global realities will become victims of those that do.” In this quote Theodor Levitt, a former professor at the Harvard Business School, points out that companies all over the world need to deal with a process which has changed the way they carry on a business in many ways. The process, namely globalisation, takes advantages as well as disadvantages, not only for the business world but also for the individual. The importance to face globalisation has always been there but, it has increased with the evolving stages of globalisation. Ever since this process started, companies have tried to derive advantage from globalisation while at the same time they had to deal with the disadvantages. For marketers in particular, this process seems to offer a lot of potential for the exploration of new markets and customers. However, the questions determining the success or failure of a marketing campaign are more complex than in domestic marketing. Accordingly, the terms international and global marketing are strongly connected to globalisation, and have become a key factor for the success of companies. Corporations that want belong to these successful multi-national companies (MNC), or global players certainly have to deal with the different issues that come along with marketing products in other countries. These can have a significant impact on international operations but also on the overall performance of a company. Since a company’s approach to these issues determines the success or failure in marketing a product abroad, these situations have to be addressed at an early stage. Among others, cultural differences are one of the major obstacles that have to be considered in international marketing. Every culture has its own individual values, behaviours, ways of thinking, lifestyle and language which make it unique. Accordingly, companies have two different possibilities to deal with that process. At first, standardisation, an identical marketing plan is used across different cultures, and secondly, adaptation, appropriate adjustments are made to the special cultural environment of the target market. It is therefore important for a marketer to be aware of these differences, and to use the right tools to advertise products successfully in multiple, varied cultural environments. This study provides a comprehensive framework of cultural differences in the USA and Germany, and analyses how companies should conceive their [...]
Author: 
Author: 
Author: Lionel Laroche
Author: Fons Trompenaars
Author: Robert T. Moran
Author: Kamal Dean Parhizgar
Author: Tyronne Stoudemire
Author: Junaid Javaid
Author: Stefanie Hoffmann
Author: Lisa Adent Hoecklin
Author: Matthias Boeing