Mergers and Acquisitions: Cultural Integration

Author: (USA) Ganserl et al. / Yu Chunhui
Publisher:
Publish Date: 2004-11-01
Features: This book provides significant help in understanding cultural foundations, enabling better control and acceleration of global integration. It is an extremely challenging yet important task to change and broaden people's ways of thinking. In the company, the application of ICM's concepts and principles has saved me $5 million. They not only have a short-term impact on our cognition but also help us adjust cultural relationships in fierce competition, and we believe there will be long-term returns as well. Why do most enterprises fail to achieve the expected synergies and financial returns after mergers and acquisitions? Currently, many Chinese enterprises are continuously expanding their scale through M&A, but the cross-industry and international nature of business activities have made cultural integration one of the biggest challenges for enterprises. Based on 20 years of consulting experience with Fortune 500 companies, the authors of this book and the International Corporate Culture Management Consulting Company (ICM) have introduced a unique practical diagnostic model—Cultural Integration Foundation (CBF)—in this book. It provides managers with tools and a common language for M&A cultural diagnostics, and offers CEOs with means for understanding and analyzing cultural integration issues, as well as assistance in execution. The book also cites many interesting anecdotes and major events from CEOs of Western, European, and Southeast Asian enterprises to illustrate the CBF model and the benefits it brings to M&A enterprises. This book will help readers in the following aspects:
Establish strategies to change the cultural integration process
Significantly shorten and reform the time of cultural integration
Ensure continuous support for business objectives during cultural integration
Better grasp the emotional scale during integration to reduce internal conflicts
Address key stakeholders' doubts in the early stages of M&A to maximize company benefits