Mc0400332004 post merger concerns cultural integration in a multinational corporation lucia garcialorenzo, lecturer in organisational psychology, social psychology department, london school of economics, london, uk. All content in this area was uploaded by jan nederveen pieterse on feb 17, 2015. Cultural relativism and the notion of cultures as separate wholes echo into the present and are being revived in the age of multiculturalism. Select multiple pdf files and merge them in seconds. Hybridities eastwest jan nederveen pieterse cutnmix experiences in consumption, lifestyles and identities are ordinary and everyday, for example in food and menus. The mass media are seen today as playing a key role in enhancing globalization, facilitating culture exchange and multiple flows of information and image between countries through international.
Domestic and foreign acquisitions of finnish companies in 19932004 key words. Corporate culture is the only truly sustainable competitive advantage and the root cause of any merger s failure or success. The sasolengin uhambo mergerforeclosure and white fuel. Jan nederveen pieterse argues that what is taking place is a global culture of hybridization. Wallerstein 2004a, b and the cultural impact of globalisation, as it is the books contention that globalisation needs to be framed not only in terms of cultural forces and flows as we often do in applied linguistics but also in terms of. Culture is affected by economic and political factors. Culture is very important and interesting, as we shall see in this book. The file contains 378 pages and is free to view, download or print. Now in a fully revised and updated edition, this seminal text disputes the view that we are experiencing a clash of civilizations as well as the idea that globalization leads to cultural homogenization. The impact of cultural differences on the performance of mergers and acquisitions.
We construct a measure of cultural diversity by calculating the centroid of cultural distances between each board member using hofstedes cultural framework. Enclosure ethnicity has three variants dormant ethnicity, cultural confinement, and inward. Cultural change processes in mergers summary there have been a number of attempts to explain post merger problems by cultural differences, and in this paper, we argue that much previous research on mergers is based on an essentialist concept of culture. Renard and supported by the unodc global partnership on alternative development gloi44 with funding support from the government of germany bmz. For instance, mergers and diversification in the media industry and government deregulation have a large impact on our cultural experiences as consumers. We examine the impact of cultural diversity in boards of directors on firm performance. In all cases, the debates tend to focus around the dynamic of the localglobal relations. Lucia garcialorenzo, sevastimelissa nolas postmerger. San diegoresearch shows that two out of three mergers fail due to not taking care of cultural issues, fons trompenaars, ph. Mainstreaming alternative development mainstreaming alternative development in thailand, lao pdr and myanmar is a report prepared by ronarld d. Although many studies acknowledge the important role of the human side in these major events in the. Culture clash that is managed slowly and perhaps in phases may be better in the long run than a fast merger that does not give employees enough time to consider a very different way of working. From this perspective on globalization, conflict may be mitigated and identity. They say that teams most certainly have a pros and cons as do the majority of structures businesses decide to use.
Culture matters in mergers and acquisitions youtube. Make clear choices about the new, combined entitys behaviors. Successful cross cultural mergers and acquisitions. Globalization and culture nederveen pieterse, jan on. Global melange by jan nederveen pieterse and a great selection of related books, art and collectibles available now at. The intensity of the globallocal dynamic has been felt in actions. This is examined in relation to government, privatization.
Deconstructingreconstructing ethnicity pieterse 1997 nations. International journal of knowledge, culture and change management volume 4 article. The impact of cultural diversity in corporate boards on firm performance abstract we examine the impact of cultural diversity in boards of directors on firm performance. Propelled by the efficiency or appeal of wireless communications, electronic commerce, popular culture, and international travel, globalization has been seen as a trend toward homogeneity.
Introduction corporate mergers are an important driver of corporate and economic growth. The impact of cultural diversity in corporate boards on. The impact of cultural differences on the performance of. Culture has emerged as one of the dominant factors that prevent effective integrations. The impact of globalisation, mergers, acquisitions, reengineering and downsizing, on individuals and organisations in south africa miss tasnim bibi kazi academic lecturer of regent business school, south africa miss vartikka indermun academic lecturer of management college of southern africa mancosa abstract.
Hybridity refers to the mixture of phenomena that are held. His historically deep and geographically wide approach to. We construct a measure of national cultural diversity by calculating the average of cultural distances between board members using hofstedes culture framework. Drawing on extensive theoretical and empirical research, jan nederveen pieterse develops a relational conception of culture as a dynamic and continuing work. Globalisation and culture three paradigms jan nederveen pieterse cultural differentiation or lasting difference, cultural convergence or growing sameness, cultural hybridisation or ongoing mixing each of these positions represents a particular politics of difference. What effect do national and company culture have on the crossborder merger and acquisition process, and how. Images of africa and blacks in western popular culture. Cultural differences have contributed to the failure of many promising business enterprises. This paper surveys the strategy literature on human resources role in the process of mergers and acquisitions. Religions free fulltext globalization and religion in. The influence of national and company culture on cross.
As is, globalization refers to both the aspiration and determination to make a way of life applicable throughout the world, hence contributing to uniformizing ideas and systems. The impact of cultural factors on postacquisition integration. A model of the influence of culture on integration. Cultures, transnational culture, deep culture jan nederveen pieterse introduction in the fourteenth century in his pioneering work in the historical comparative method ibn khaldun noted the differences between nomadic and sedentary peoples, such as berbers and arabs in north africa. Menus that mix cuisines and healthcare practices that combine diverse methods. To pieterse, these projects enable a globalization of culture, which itself facilitates the spread of lifestyles, music, movies, even fashion and cuisine.
He currently serves as the duncan and suzanne mellichamp distinguished professor of global studies and sociology at the university of california, santa barbara. The treatment of culturespecific lexical items in bilingual dictionaries. Cultural globalization, a phenomenon by which the experience of everyday life, as influenced by the diffusion of commodities and ideas, reflects a standardization of cultural expressions around the world. December 8, 2017 other asselshmidt the notion of culture has always been difficult to define and with the growth of globalization, it became much harder to do it. Is there cultural life after the clash of civilizations and. Global melange 2nd edition by pieterse, jan nederveen isbn. Corporate mergers are an important driver of growth, and yet many mergers fail to produce value for the shareholders of the acquiring firms. The social, cultural and political factors that influence. Integrating strategic, financial, and organizational perspectives by g. Jan nederveen pieterse is a dutchborn scholar whose work centers on global political economy, development studies and cultural studies.
Secondly, through qualitative analysis explore the. However, the results of empirical studies are contradictory and confusing. In particular, the chapter puts emphasis on discussing wallersteins worldsystems theory e. Jan aart scholte, on the other hand, perceives most approaches to globalization as redundant and inadequate. No installation, no registration, its free and easy to use.
Instead, jan nederveen pieterse argues that we are witnessing the formation of a global melange culture through processes of cultural mixing or hybridization. Nonetheless, a large fraction of mergers fail to produce value for the shareholders of the acquiring firms. The root cause of every mergers success or failure. The main trends are that the rise of the rest is ignored because it doesnt fit national narratives in the west, or is represented as a threat because it fits or extends existing enemy images, or is celebrated in business media as. In the article discussing diversity impacts team members goals. An excellent example is the merger of corporations with different maturity levels such as a start up and an established organisation.
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