Mergers and Corporate Culture
- Topics:
- Mergers
- Source:
- Themanager.org
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Overview: It is widely recognized that cultural differences between the partners of a merger are one of the most common reasons for failure in mergers. This may happen during pre-merger negotiations or during post-merger integration. Despite all Due Diligence, the two partners of a merger fail to form a new successful unit that is able to exploit all synergies. Often, the term ‘corporate culture’ is used to describe issues like objectives, personal interests, behaviors etc. Many problems in cooperation and teamwork are blamed to culture. The article shows that in a merger, ‘culture’ is more than making the people from both partners work together smoothly. The development of a new, shared culture is a critical factor for merger success. It is possible to manage this process in a structured way. Comprehend the article to get the insight of the issue.
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Format: PDF | Size: 47KB | Date: Jan 2001 | Pages: 5





