Successful Mergers,
Acquisitions and Strategic Alliances
How to Bridge Corporate
Culture
Charles Gancel, Irene Rodgers
and Marc Raynaud are managing partners of ICM, Inter Cultural Management Associates, an
international management consulting firm that helps executive boards, managers and teams
bridge cultures and successfully manage change across cultural boundaries.
The authors have worked with
companies across Northern, Continental and Eastern Europe, the United States, Canada,
Africa and the Far East. They have an extensive client list including:
Air France, Airbus, Alcan,
BSN, Cables Pirelli, Chronopost, Delta, Electricite de France, EADS, ExxonMobil, France
Telecom, Gaz de France, Genzyme, Heineken, Hewlett Packard, IBM, L'Oreal, Matra, Norsk
Hydro, Rexam, Rubbermaid, sanofi-synthelabo, TotalFinaElf, Thomson Broadcast, Union
Chimique Beige, Valeo, Vivendi Universal and Volvo.
All three authors speak
widely on the topic of mergers and acquisitions. Recent conference events include
Management Centre Europe, The Conference Board, Conference Centre Hong Kong, IABC
International Conference and ESSCA Business School. They also regularly publish articles
in a range of European newspapers and journals.
WHY DO THE MAJORITY OF
MERGERS, ACQUISITIONS AND OTHER ALLIANCES FAIL TO ATTAIN THE SYNERGIES AND FINANCIAL GAINS
PREDICTED AT THE START?
The impact of cultural
differences on a company's ability to generate value in times of mergers, acquisitions,
and alliances is no longer up for question. Difficulties can emerge from national,
corporate, business or functional cultures. This book is your essential guide to
understanding, analysing and acting on cultural differences.
The book provides a unique
and pragmatic diagnostic model - the Culture Bridging Fundamentals (CBF), which provides
practical help to senior executives and their advisors. It is based on 18 years'
experience consulting with Fortune 500 companies. The result is a proven approach to
achieving the positive predicted outcomes of an alliance.
The model provides managers
with a diagnostic tool and a common language allowing them to pinpoint the different
operational issues that exist within organisations with different corporate culturds.
These issues surface more sharply when national cultural differences are involved, but
they also arise in alliances between different companies within the same country and the
same sector.
Featuring interviews with
senior executives across Europe, America and South East Asia, the book provides anecdotes
and critical incidents to illustrate the CBF model and its benefits. It also proposes an
overall approach to managing post merger or acquisition integration and change processes.
In particular, this book will help readers to:
-
set out a strategy for their change/integration process
-
significantly reduce the change/integration cycle time
-
ensure the change/integration process continually supports business objectives
-
better manage the "emotional" dimension of such events thus reducing the
incidents of internal conflicts
-
reassure key people in the early stages thereby helping to retain the company's best
talent.
228 pages