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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Author by : Sylvia Schroll-Machl
Languange Used : en
Release Date : 2013-03-13
Publisher by : Vandenhoeck & Ruprecht


Description : As globalisation becomes more pervasive in everyday life, many people are faced with challenging new situations: Cultural differences no longer fascinate only tourists and intrigue academics. The impa...

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Author by : M. Forsgren
Languange Used : en
Release Date : 2014-02-04
Publisher by : Routledge


Description : The book introduces a unique and innovative perspective for the study of international business networking. In contrast to the standard construction of models for optimal strategic decision-making, th...

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Author by : Wendy Hall
Languange Used : en
Release Date : 1995
Publisher by : John Wiley & Sons Inc


Description : Management Managing Cultures Making Strategic Relationships Work Wendy Hall If your working life is affected by the "culture thing" then this book will offer you wisdom and practical tools to handle c...

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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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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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Author by : Boye De Mente
Languange Used : en
Release Date : 1994-01-11
Publisher by : McGraw Hill Professional


Description : Since its original publication, Japanese Etiquette & Ethics in Business, the pioneering work on the subject, has become the standard guide for Westerners doing business with the Japanese--either here ...

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Author by : Craig Storti
Languange Used : en
Release Date : 2015-10-19
Publisher by : Nicholas Brealey Publishing


Description : For Westerners conducting business with Indians and Indians trying to figure out the West-an indispensable book, newly updated....

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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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