Business Culture

In: Business and Management

Submitted By twinbro88
Words 2475
Pages 10
IV. Corporate Culture

What is this powerful force called “organizational culture” that can determine success or failure in an acquisition and merger. It has been defined in various ways that to work with the culture of an organization is to work with all aspects of a company. “It is the traditions, shared beliefs, and expectations about how individuals behave and accomplish tasks in organizations (Cartwright & Cooper, 1993).” All organizations have a culture, and consistent set of beliefs, shared by most of the members of the organization about how people should behave at work and what tasks and goals are important. The culture also includes and is shaped by the pattern of successful internal responses to adapt to external threats and issues. Since, the culture is results of past successes it will resist change even though a change in the environment, specifically a merger or acquisition, might impose a change in the culture.
Economic globalization is viewed by some as the best hope for world stability, by others as the greatest threat. But almost everyone accepts that businesses of all types must embrace it. Organizational culture is a big aspect to globalizations. For recent years more and more international companies has merged. There are very successful acquisitions and mergers, but on the other hand, there are also unsuccessful mergers due to the differences of corporate culture. Some factors of the difference of corporate culture that firms need to consider in acquisition and merger are executive compensation, business travel, work habits and styles, decision making process, and financial reporting system. Each of these factors of corporate culture will determine if a merger and acquisition will be successful or not. The secret of a successful corporate culture acquisition is being able to blend the two organizational cultures into…...

Similar Documents

Business Culture

...Business culture and strategy Content 1.Introduction 2 2.The possible strategies adopted by organisations and its environment 2 3.Identify the strategy used by the company during the certain period 3 4.Compare the the influence the strategy has had on behaviour 4 5.Differentiation strategy 5 6.Major factors to cause changes 5 7.Key issues that the organistion has had to take account of in order to manage its business strategy 6 8.The reason why the strategy of the arganisation has changed over time. 8 9.the stakeholder power that lead the changes in organisation 8 10. the role of management could play in dealing with the changes 9 11.Conclusion 10 1.Introduction JD Wetherspoon plc was founded by Tim Martin who opened the first JD Wetherspoon pub in 1979. In 2002, its share price rose to more than ten times its original value. Although JD Wetherspoon was successful in the past, it was facing much more problems by the start of the twenty fist century. JD Wetherspoon has made some changes in many aspects which conclude its operation .As a result; JD Wetherspoon is successful in remaining a successful business. 2.The possible strategies adopted by organisations and its environment Diversification strategy: this is where we market completely new products to new customers. There are two types of diversification—related and unrelated diversification. Related diversification means that we remain in...

Words: 2390 - Pages: 10

Business Culture and Strategy

... face conversations and telephone polling with loyal customers, who are more willing to give more effective and sincere impressions, are used to gather information. Besides, Internet researches are used to gain information which is feedback from customers, especially from those who are the user of China Vent and China Net. China Telecom is always gathering and analyzing the feedback information form both quantitative and qualitative information. By doing so, China Telecom can clearly to know how much customers satisfied with their customer service and customer care, and gain better improvement and development. Section 4 Strategy review and improvement Enterprises Innovation and application of new technology, industry, adjust and optimize product structure, and increase the scientific and technological content and grades, pay attention to market research, consumer demand in the dynamic changes that continue to find unmet market demand, according to market demand continue to develop new products. Changes in the concept of a product concept to customer demands into customer satisfaction and business co-operation depends largely on the extent of providing the product or service meets the requirements of his. Therefore, the analysis of the market focused on customer needs, not the product itself. China Telecom has made its customer care philosophy as “Customer First, Service Foremost”, but whether the strategy has been implemented well is what China Telecom should...

Words: 2402 - Pages: 10

Business and Culture

...How should you handle the introduction, greeting, and handshaking? The female boss should enter the room followed by myself. We will both be wearing neutral colored conservative dresses with flat shoes. The Chinese businessman will introduce himself whom my boss will respond to with “Hello, we are pleased to meet you” and begin to formally introduce herself as Manager Johnson and myself as Mrs. Fowler. I will not attempt to introduce myself as it would be considered rude. We will wait for him to initiate a handshake at which time my boss will first shake his hand gently and then myself. How do you exchange business cards? Following the introduction it is expected exchange of business cards. It is important to have business cards that are printed on sides; one in English, the other in Chinese. These should include: Company Name, Personal name, title, fax and email. They should be clean, neat and printed in gold lettering. The exchange will occur one at a time standing up and holding the card on the corners with both hands with the Chinese side up. You will hand your card carefully showing him respect, you will show the same respect when accepting his card. Once I receive the card I will need to study it prior putting it on the table, showing interest by reading the details; if I had collected more than one business card, I would line them up in vertically in order of seniority going down on the table (NBC Universal, Inc, 2008). The culture coach informs me that they...

Words: 807 - Pages: 4

Business Culture Incomplete

...Business Culture And Strategy Asessment Number 1 Word Count Student Number Table Of Contents 1. Outcome 1 2.1 External Forces that impact on Alphabet Games. A PESTEL (political, Economic, Socio-cultural, technological, environmental and legal) has allowed me to analyse Alphabet Games Macro environment and upon doing this have picked the four factors that I feel have influenced the company most. 2.2.1 Legal Factor The first factor I noticed was a legal one, which involved the black market and the rise in pirate copies of computer games. The lose of sales and profits can be expected due to customers purchasing these copies as oppose to games directly from Alphabet Games and so in order to cope with this problem A.G moved into the market of producing flash games for big business clients. 2.2.2 Technological Factor The next factor, which I felt influenced heavily on A.G, was a technological factor and the introduction of HD Gaming to the games market. In response to this A.G invested heavily in new staff and new equipment. 2.2.3 Economic Factor Another factor that I noticed A.G reacted to was the increased production costs which, were caused due to economic conditions. A.G in order to remain profitable outsourced some of their work abroad. 2.2.4 Socio-Cultural Factor The last important factor I acknowledged was a social factor and was that consumers now desired better graphics in...

Words: 998 - Pages: 4

Chinese Business Culture

...The Chinese culture is very different than the culture in the United States of America and business meetings require preplanning if they are going to be successful. * How should you handle the introduction, greeting, and handshaking? Although in the Chinese culture, a nod and slight bow is a general way of greeting, Chinese business men are comfortable with a handshake. Address the most Senior Chinese person in the room first, and introduce yourself as you shake hands. Remember that in the Chinese culture it is a sign of respect if they shake your hand softly and do not make eye contact. In Chine, the family name comes before the given name, and calling someone by his name is considered disrespectful unless you are close to the person. If the person’s name is Wang Lee, it is appropriate to address him as Mr. Want. If Mr. Wang is the chairmen of the organization, you would address him as Chairman Wang. (Chinese Business Etiquette, 2014) * How do you exchange business cards? Business cards are exchanged at every opportunity. Engraving your cards in gold and printing in Chinese on one side and English on the other side is encouraged. As with introductions, when you are exchanging business cards, remember to start from the senior most person in the meeting. When you receive a business card from a Chinese associate, accept it with two hands and read it before you place it in your pocket. (Chinese Business Etiquette, 2014) * How do you explain your position...

Words: 630 - Pages: 3

Business Culture

... need to consider in acquisition and merger are executive compensation, business travel, work habits and styles, decision making process, and financial reporting system. Each of these factors of corporate culture will determine if a merger and acquisition will be successful or not. The secret of a successful corporate culture acquisition is being able to blend the two organizational cultures into one that are accepted by the employees. The ideal solution to solve corporate culture differences is to be able to blend both cultures into one. Many top managements and executives believe that this transition is easy and doesn’t play a big role in a merger or acquisition. However, this is absolutely untrue and many large acquisitions and mergers fail, due to unsuccessful blending of two corporate cultures. One of the most recognized mergers in recent years is Daimler-Benz and Chrysler. The merger of Daimler-Benz and Chrysler which was initially announces as the “merger of equals”, did not live a long life (Vlasic & Bradley, 2000). In matter of two years, all the top American executives have either retired, left, or were fired, and were replaced by German employees. The transition management team responsible for blending the two companies into one was comprised of American and German executives representing their respective companies’ interest. During the transition, there were many cultural issues that surfaced and presented challenges to both sides. There were......

Words: 2475 - Pages: 10

Business Culture

...Introduction to Business 110/1 Student number: 140009376 Module Tutor: Glen Chapman Submission Date: 14/03/2014 TITLE: Compare and Contrast the four types of Business Culture illustrated by Charles Handy. Discuss which culture is appropriate for an innovative business Word count: 1327 words Despite not always being an intentional creation, every company has a culture, which evolves from the core values belonging to the business. Culture can be loosely defined as shared beliefs and values of a group: the beliefs, customs, practices, and social behaviour of a particular nation or people. In the world of business this definition of culture can be used to differentiate one business from another. Different businesses have different values, customs and practices in the way they run their organisations and thus it is important to be able to identify the culture a business implements because this can be said to be the core foundation of a business. Innovation might be defined as the act or process of inventing or introducing something new, a new invention or way of doing something, innovation is the core of many businesses in the 21st century, due to the rapid advancement in technology. This essay aims to narrow down and compare and contrast the four type’s business culture presented by Charles Handy. This essay will also discuss which culture might be most suited to an innovative business. Handy (1993). Handy (1993) illustrates the power culture as a ‘web’. He...

Words: 1380 - Pages: 6

Business Culture and Strategy

...Behavioural Skills for Business F84L 35 Assessment Submission Learning Outcome 1, 2 and part of 3 Name Sarah-Jane Haldane Student I.D. L000093338 Date 27/10/14 After analysing Jess's role as manager of the Customer Engagement team I have come to the conclusion that in order for her to move forward and fulfil her role to the best of her ability she would benefit from using the following management and leadership theories. Management Theory – Rosemary Stewart This theory enables jobs to be examined in 3 important ways: The demands of the job – What job holder must do. The constraints – Limit what job holder can do. The choices – Indicate how much freedom the job holder has to do the work in way she chooses. The purpose of this theory is to show how dealing appropriately with demands & constraints and exercising choices, can improve a manager’s effectiveness. Demands of the job Demands are what are expected of Jess within her new position within the company in order to get the job done and not run into problems. Jess must look at all the demands to define the future strategic decisions of the organisation. The demands in which Jess should currently be focusing on are: Ensuring profit is being made. Satisfying both customers & stakeholders Improve the new structure of the team/business. Ensuring quality of products and services. Ensuring staff morale is high. Constraints...

Words: 4015 - Pages: 17

Business Culture in America

...Business culture in America Americans take business very seriously. Professionalism and punctuality are expected. When doing business in America, expect a heavy reliance on facts and numbers. A scientific approach is the norm for all aspects of business, even the human relations department. When meeting business partners for the first time, American’s culture expect a handshake, not a hug. Address your business partner as "Mr." or "Ms." followed by the person's last name. He will generally invite you to call him by his first name. After the initial contact, communication similarities end. Americans prefer blunt speech. Tactfulness is seen as wasting time. Americans pride themselves on their egalitarian culture, and everyone is encouraged to speak up and disagree with a higher-ups. Passionate confrontation may take the more reserved Canadians aback. These confrontations, however, almost never stem from personal animosity, but rather from the business culture of the country. In America, management still is very individualistic. Managers are held personally accountable for decisions. They assume any consensus will dissolve as soon as an initiative hits rocky ground, so American managers are less willing to compromise and play politics. However, this approach can lead to resentment and confrontation if subordinates believe their voices are not being heard. Formal business dress: dark business suits and ties for men, and pants or skirts with a suit jacket for women. Beyond that,......

Words: 259 - Pages: 2

Business Culture

...Running head: STRATEGY OF ORGANIZATIONAL CULTURE The New HR Strategy Of Organizational Culture Donna Koravos SNHU STRATEGY OF ORGANIZATIONAL CULTURE 2 Organizational culture has become a very important business concept within today’s HR strategy. Focusing more on the satisfaction of employees has been a key factor in hiring and retaining top talent. By offering employees positive feedback, providing a positive working environment, giving them more autonomy in certain situations, and being more transparent with company goals and performance, has had a profound influence in today’s organizations. “Researchers found a relationship between organizational cultures and company performance, with respect to success indicators such as revenues, sales volume, market share, and stock prices.” Retrieved from https://new.edu/resources/organizational-culture--9. Three firms in which HR management has focused on organizational culture and has contributed positive effects amongst their employees are Google, Scripps Network and UPS. Although three very different companies, each one has been recognized as one of the Most Admired Companies by Fortune magazine. Since its start-up, Google has had a reputation of being a people oriented company. Their HR strategy is its emphasis on organizational culture and business objectives. By tying the two together, Google has strived and maintained its open culture attitude which has lead to the company’s success. “We strive...

Words: 1845 - Pages: 8

Japanese Business Culture

...I. OVERVIEW Modern Japan has long captured the attention of economics and researchers around the world. The island-country provides a fascinating example of immense successes against all odds, from its isolated geolocation, lack of natural resources to the total economic collapse post World War II. With a GDP that ranks third worldwide in 2014 only after the United States and China, and a population that is a fraction of the former two, Japan owns a great deal of its achievement to various homegrown aspects (World Bank, 2014). This essay analyzes keys aspects of Japan to get a broad overview of Japanese business culture, using the Hofstede's Model and key social institutions. II. HOFSTEDE’S MODEL OF JAPANESE CULTURE: Figure 1. Japan on the Hofstede's Model (The Hofstede Centre, 2016). Figure 1 shows Japan's scores on six dimensions of the Hofstede's Model. Based on these scores, Japanese culture is characterised by low power distance, high masculinity, high context, medium individualism, very high uncertainty avoidance, and  high long-term orientation. 1. Power Distance Japan is ranked at an immediate score of 54 in power distance index. It shows that the extent between the powerful and the less powerful within institutions and organizations is neither very far nor showing immense inequality. Japan almost reaches the balance. Confucianism makes a deep impact on Japanese culture. The main effect of Confucian philosophy on Japanese business is in the development of...

Words: 3326 - Pages: 14

Business Culture in Japan

...I. Introduction When conducting business in a country with a culture that is unknown to you, it is best to prepare and understand that country's traditions and culture as best as possible. In order to be successful in business in Japan, one must understand the dynamics of an intercultural relationship on a business level as well as a personal level to ensure that no offense is created . This report will focus on Japan; what differences we see between Japan and Canada culturally while studying abroad, and what helps create a strong successful business relationship. II. Determinants of Culture Culture is a system of values and normalities that are considered a way of life in society. Culture influences how we think, talk, pray, eat, dress, interact and, communicate. Our behaviour, attitude, personality and beliefs have been shaped by the culture we were raised in. “Culture is transmitted through language, material objects, ritual, institutions and art, from one generation to the next.” (n.d., Dictionary) Even with the effects of globalization, countries around the world are still distinct from one another. So how do we really set apart one culture from another? Here are the determinants of culture: * Social Structure - Consists of institutions, rules, and practices. Social structure assigns roles and powers to individuals in a society. It is the social relation of one person to another person where a stable arrangement of institutions by which the people...

Words: 2178 - Pages: 9

Business Culture

... the time when organizations face an issue which they can’t solve easily or they don’t hold the proficiency needed to plan their own path, then they generally look for the proficiency afforded by operating with a management consultant (Mullins, 2002). It isn’t an ordinary thing to operate as a Management Consultant in one of the biggest and highly renowned Consultancy firm of the world. Indeed, it is regarded as a matter of pride. However, it is also true that it takes in a large array of responsibilities and tasks. It encompasses everything from carrying out examination to devising business approaches and further, there execution in different segments of the world grounded on altering requirements of the marketplace and community (Hellriegel and Slocum, 1996). At Accenture, everyone operates as one team. It is made sure that problems of a person are solved as soon as possible in order to keep away from impediments in production. Staff members operate with companies throughout the globe and there takes place continuous inter-culture interactions. In particular, the Management Consultant needs to make sure that cultural obstacles are removed and most excellent business solutions are devised to solve multifaceted issues. The issues could be associated with organizational change or consultancy etc. Moreover, subsequent to internal training of few months and to make sure that the right person is placed in the right segment, several sub-divisions exist at Accenture including;......

Words: 2526 - Pages: 11

Business Culture and Language

.... The culture in Spain is very different than the one I am from; one of the many differences I noticed is how open their culture and traditions are (the region of the country also has to do a lot with this), but listening to their kind of Spanish I noticed that the way they speak to each other would be eccentric back in my culture. At first this was a shock to me (the vocabulary they would use) but once you consider everything else, the region, their history, traditions, the language just flows and you become accustomed with their culture. Culture cannot be learned just by knowing the same language; I believe the only way of learning culture is actually experiencing it. Trial and error is a good way of learning, you might say the wrong things at the wrong time sometimes, but it is a great learning experience. In business, especially when business deal with other international companies, culture has a great significance. Being familiar with different cultures is a huge advantage for the business when it comes to negotiating, discussing business plans, or just proclaiming a business friendship. The knowledge of various languages is a tremendous advantage, business wise as well as in one’s own personal life. Knowing different languages opens different doors in life and portrays various opportunities. I believe that language is a huge part of learning a new culture, it is not the only factor, but it will aid in the desire of learning new cultures around the world....

Words: 508 - Pages: 3

Business and Culture

...Unit 1 Discussion Board American business holds up certain ethical standards as good business. When doing business with a variety of cultures, it is important to understand their perceptions will be affected by their culture. So what is culture? "Culture has been defined in a number of ways, but most simply, as the learned and shared behavior of a community of interacting human beings" (Useem & Useem, p. 169). A person’s culture can include their education, religion, experiences, communication, and language. Each one of these factors can play an influential rule on a person’s conception of ethical practices. Bribery is a way of life in some countries and business would not be conducted without it. In America, bribery is not accepted as a normal business practice. So bribery is an example of an ethical standard that is acceptable in some cultures and not others. Culture can also affect rules of conduct, laws, commercial society, and one’s right to choice. (Armstrong & Sweeney, 1994) A person’s business behavior can definitely be swayed by ethical standards established by the culture. Businesses hours of operation would be an ethical standard shaped by culture. The business may only be able to operate during certain times or days of the week. Another example is positions that are stereotyped, in other words only a male or female may be able to hold a certain job title. (Armstrong & Sweeney, 1994) In today’s society the rules related to corruption are...

Words: 364 - Pages: 2