首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
However attractive the figures may look on paper, in the long run the success or failure of a merger depends on the human factor
However attractive the figures may look on paper, in the long run the success or failure of a merger depends on the human factor
admin
2011-01-10
64
问题
However attractive the figures may look on paper, in the long run the success or failure of a merger depends on the human factor. When the agreement has been signed and the accountants have departed, the real problems may only just be beginning. If there is a culture clash between the two companies in the way their people work, then all the efforts of the financiers and lawyers to strike a deal may have been in vain.
According to Chris Bolton of KS Management Consultants, 70% of mergers fail to live up to their promise of shareholder value, not through any failure in economic terms but because the integration of people is unsuccessful. Corporates, he explains, concentrate their efforts before a merger on legal, technical and financial matters. They employ a range of experts to obtain the most favourable contract possible. But even at these early stages, people issues must be taken into consideration. The strengths and weaknesses of both organisations should be assessed and, if it is a merger of equals, then careful thought should be given to which personnel, from which side, should take on the key roles.
This was the issue in 2001 when the proposed merger between two pharmaceutical companies promised to create one of the largest players in the industry. For both companies the merger was intended to reverse falling market share and shareholder value. However, although the companies’ skill bases were compatible, the chief executives of the two companies could not agree which of them was to head up the new organisation. This illustrates the need to compromise if a merger is to take place.
But even in mergers that do go ahead, there can be culture clashes. One way to avoid this is to work with focus groups to see how employees view the existing culture of their organisation. In one example, where two global organisations in the food sector were planning to merge, focus groups discovered that the companies displayed very different profiles. One was sales-focused, knew exactly what it wanted to achieve and pushed initiatives through. The other got involved in lengthy discussions, trying out options methodically and making contingency plans. The first responded quickly to changes in the marketplace; the second took longer, but the option it eventually chose was usually the correct one. Neither company’s approach would have worked for the other.
The answer is not to adopt one company’s approach, or even to try to incorporate every aspect of both organisations, but to create a totally new culture. This means taking the best from both sides and making a new organisation that everyone can accept. Or almost everyone. Inevitably there will be those who cannot adapt to a different culture. Research into the impact of mergers has found that companies with differing management styles are the ones that need to work hardest at creating a new culture.
Another tool that can help to get the right cultural mix is intercultural analysis. This involves carrying out research that looks at the culture of a company and the business culture of the country in which it is based. It identifies how people, money and time are managed in a company, and investigates the business customs of the country and how its politics, economics and history impact on the way business is done.
According to the text, mergers can encounter problems when______.
选项
A、contracts are signed too quickly
B、experts cannot predict accurate figures
C、conflicting attitudes cannot be resolved
D、staff are opposed to the terms of the deal
答案
C
解析
转载请注明原文地址:https://kaotiyun.com/show/STcO777K
本试题收录于:
NAETI中级口译笔试题库外语翻译证书(NAETI)分类
0
NAETI中级口译笔试
外语翻译证书(NAETI)
相关试题推荐
Ialwaysthinkofbookswithunutterablefeelings,beingdeeplyindebtedtothem,asIam,forthewarmththeyhavebroughtme.
TheforeignministerwouldrevealnothingabouthisrecenttouroftheMiddleEastbeyondwhathadalreadybeenannouncedatthe
Researchershavediscoveredthatdolphinsareabletomimichumanspeech.
EQEQisinnate.Infantsasyoungasthreemonthsshowempathy.Nowhereisthediscussionofemotionalintelligencemorep
InterpersonalRelationshipsInthelast25yearswehavewitnessedanimpressivegrowthinourknowledgeaboutemotionsande
SexualReproductionBirdsdoit.Beesdoit.Butdandelionsdon’t.Theprodigiousspreadofthesewinsomeweedsunderscoresa
SexualReproductionBirdsdoit.Beesdoit.Butdandelionsdon’t.Theprodigiousspreadofthesewinsomeweedsunderscoresa
党的十一届三中全会以来,随着党和国家工作重点转移到以经济建设为中心,教育在社会主义现代化建设中的地位和作用也越来越重要,我国教育的改革和发展取得了很大的成就。进入20世纪90年代,科学技术日新月异,知识经济初见端倪,综合国力竞争日趋激烈,我国社会
下面你将听到的是一段有关旅游的讲话。旅游是一项集观光、娱乐、健身为一体的愉快而美好的活动。旅游业随着时代进步而不断进步。从20世纪中期起,现代旅游业在全世界迅速发展。游客人数不断增长,旅游业规模持续扩大,旅游经济地位显著提升,旅游活动愈
下面你将听到一段关于中国教育状况的介绍。中国人历来重视教育,实施“独生子女”政策后尤为如此。中国家庭的平均教育支出约占其收入的15%,而据中国社会调查所的一项研究成果显示,有43%的家庭都设立了专门账户,用来支付孩子的教育费用。近年来,
随机试题
下列属于知识产权的特征的是()。
关于缓进型高血压的描述错误的是
A.呕吐物为隔餐食物,带腐臭味B.呕吐物为黄绿色,带粪臭味C.呕吐物为大量黏液及食物D.呕吐物为血液E.吐出胃内容物后仍干呕不止急性胃炎的临床表现是
下列哪种属感染性疾病
下列关于国库单一账户体系的表述中,正确的有()。
中国证券业协会会员自收到对本单位及本单位从业人员奖励决定文书之日起()个工作日内向协会诚信管理系统申报,协会审核后记入诚信信息系统。
世界上讲述方程最早的著作是()。
儿童出现想象萌芽的时期是2~2.5岁。()
“其身正,不令而行;其身不正,虽令不从。”体现的德育方法是
A、8:30inthemorning,Tuesday.B、8:30intheevening,Tuesday.C、8:30inthemorning,Monday.D、8:30intheevening,Monday.A根
最新回复
(
0
)