CROSS CULTURAL MANAGEMENT

Evaluation of the key Cross Cultural Management influences at Barclays PLC

Evaluation of the key Cross Cultural Management influences at Barclays PLC

Introduction

Mergers and acquisitions play a key role in multinational companies' growth and globalization strategies. However, a high percentage of M&A initiatives end up failing to deliver the expected financial and strategic results because of shortfalls in the management of the people dimension of the post-merger integration (PMI) process. These situations are particularly challenging when they are across borders and include complex reorganizations. The intense complexity of change management, organizational culture, cross-cultural, and leadership aspects of the PMI process needs to be managed in an effective manner.

There are a lot of things to consider when entering a new market and we can help you overcome the barriers and to avoid the worst mistakes by training you and your people in inter cultural relations and cross culture understanding. People from different parts of the world are supposed to communicate in a good way and to understand each other from day one. Of course this is essential for the business. Lack of good communication will cause stress and mistrust.

As a manager in a multinational company it is essential to understand the cultural differences among your employees and how to turn your organization into a smooth cooperating team. How can you support and encourage teamwork between different nationalities if there is no trust and almost no communication?

Barclays PLC, one of the main saving banks in the United Kingdom, agreed Sept. 16, 2008, to purchase the volume of Lehman Brothers Inc. for $1.75 billion. It has acquired parts of Lehman's equities commerce in Europe and took on some Lehman workers in Asia. Lehman, the fourth major asset bank in the United States, is one of the newest victims of the subprime advance disaster that led to the administration stand security of Bear Stearns in March and the conquest of advance giants Fannie Mae and Freddie Mac by the U.S. Treasury in advance in September of 2007. Worth as much as $45 billion in early 2007, Lehman informed almost $4 billion in losses in the third quarter has seen its stock worth fall down and was faced with disciplinary downgrades in its credit rating, which would have made it tremendously hard to raise much-needed capital.

Cross cultural Management & Organizational Behaviour

Management has become a very fashionable discipline in the last few decades. The English term 'management' itself, is now used in many other languages instead of its native equivalent. Management as the field of study has also gained more and more popularity. The proof for that is a continuously increasing number of universities and other higher education institutions which offer degrees in this area. But what exactly is it? There are as many definitions as authors writing about it. Robbins in his book Organizational Behaviour describes managers as individuals, who oversee the activities of other people and who are responsible for attaining goals in the organization. However, this is very general and the concept of ...