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Cultural Differences in Business Life – Understanding German and American Business Culture

Cultural Differences in Business Life – Understanding German and American Business Culture Author : Ulrike Ditzel
Publisher : GRIN Verlag
Pub Date : 2007-11
Page : 28
Language : en
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Seminar paper from the year 2006 in the subject Business economics – Marketing, Corporate Communication, CRM, Market Research, Social Media, grade: 1,3, http: //www.uni-jena.de/ (Philosphische Fakultat – Lehrstuhl Interkulturelle Wirtschaftskommunikation), course: Interkulturseminar USA-Deutschland, 15 entries in the bibliography, language: English, abstract: Globalization has led to remarkable changes in the way we conduct the world’s business. International Mergers and acquisitions are en vogue today. The advantages quoted by managers include advantages of scale, increased shareholder value, access to new markets, lower overheads and so on. The number of international mergers and acquisitions between German and American companies increased a lot during the last years, as well. At the beginning there are high hopes and elation connected with the deal. But the long-term reality, however, is much the opposite. At least 50 percent of all international mergers and acquisition activity fails, no matter how the success is measured. There are also lots of companies who failed, who are therefore not able to benefit from some positive synergy effects like cost reductions. Why did that happen? A survey tried to analyze the reasons for this. The surprising result was that just 30% of the failures were attributed to the “hard factors” of business, like planning, finance or technology. For the rest, the reason lay in the so-called “soft factors,” which contain cultural and organizational behaviour. Somewhat less acknowledged, although hardly disputed, is the positive and negative impact of cultural aspects on the success of M&A activity. The following work reveals the differences between American and German business culture and also analyzes its historical and social background. Thereby, the main goal is to disprove that American and German business styles are almost similar. Furthermore, at the end the reader should know more about the existing differences between the two


Cultural Differences In Business Life Understanding German And American Business Culture


Author by : Ulrike Ditzel
Languange Used : en
Release Date : 2007-11
Publisher by : GRIN Verlag


Description : Seminar paper from the year 2006 in the subject Business economics - Marketing, Corporate Communication, CRM, Market Research, Social Media, grade: 1,3, http: //www.uni-jena.de/ (Philosphische Fakulta...

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Cultural Differences In Daily Business Life Between Germany And Sweden


Author by : Yvonne Tornow
Languange Used : en
Release Date : 2015-12-28
Publisher by : GRIN Verlag


Description : Seminar paper from the year 2011 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: This seminar paper deals with Sweden and Germany as negot...

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Social Cultural Differences In Business Life


Author by : Silke Osgart
Languange Used : de
Release Date : 2003
Publisher by :


Description : ...

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Cross Cultural Design Cultural Differences In Everyday Life


Author by : P.L. Patrick Rau
Languange Used : en
Release Date : 2013-07-01
Publisher by : Springer


Description : This is the second part of the two-volume set (LNCS 8023-8024) that constitutes the refereed proceedings of the 5th International Conference on Cross-Cultural Design, held as part of the 15th Internat...

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Understanding The Role Of Culture Fons Trompenaars S Concept


Author by : Andrej Smolarek
Languange Used : en
Release Date : 2006-06-07
Publisher by : GRIN Verlag


Description : Seminar paper from the year 2005 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Pforzheim University (Pforzheim Graduate School - Master in Business Adminis...

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Cultural Differences As A Hidden Hurdle To Successful Business


Author by : Isabelle Mrugalla
Languange Used : en
Release Date : 2011-04-26
Publisher by : diplom.de


Description : Inhaltsangabe:Introduction: The main effect of globalisation over recent decades has been the development of the world as a united market place. Through multinational companies, globally accepted mana...

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Managing Networks In International Business


Author by : Mats Forsgren
Languange Used : en
Release Date : 1992-01
Publisher by : Psychology Press


Description : Intended for those interested in business, international business and marketing, this volume introduces an innovative perspective for the study of international business networking. In contrast to the...

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Cross Cultural Differences Japanese And German Management Styles From The German Perspective


Author by : Markus Richwien
Languange Used : en
Release Date : 2002-08-06
Publisher by : diplom.de


Description : Inhaltsangabe:Abstract: As the idea of Japan as a leader in management styles and the mythos 'collectivism' as a key to high quality performance and productivity is still in mind of German managers, t...

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Common Sense In Business Life


Author by : Hans M Hirschi
Languange Used : en
Release Date : 2016-12-15
Publisher by : Beaten Track Publishing


Description : Common sense is like great music, mesmerizing art or funny jokes: difficult to pinpoint but we all recognize it when we see it. In this book, Hans M Hirschi explores the concept of common sense, throu...

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Managing Cultural Differences


Author by : Robert T. Moran
Languange Used : en
Release Date : 2007-03-15
Publisher by : Routledge


Description : This new edition of a business textbook bestseller has been completely updated. In particular, the book presents a fuller discussion of global business today. Also, issues of terrorism and state secur...

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