The tremendous economic pressure affected all over the world forced the multinational companies to encourage the mergers and the acquisitions globally. According to the international statistical wing the reason for this phenomenon is poor shareholder value prevailed in the global market. This was a very sudden draw back which happened due to the instability of the economic world.
Experts in the business media has undergone investigations about the down fall occurred in the global business during the past years. They could come to the conclusions that the merges and the acquisitions occurred not only due to the economic instability but also the failure to deal the intercultural differences properly. According to them this is the strong option and the reason for the same has been considered as the lack of intercultural training. They pointed out that the intercultural unawareness led to the differences between the people and the organizations which inversely affected the productivity of the company.
This matter has highlighted the importance of cultural training in the global business. Thus, the intercultural training to the managers and HR personnel of the organization became inevitable. The same has helped to minimize the cultural differences and misunderstandings in the business media to a greater extend. At the pre merging stage of the organization, the matter of cultural differences and misunderstandings between individuals should be taken into consideration. The result of the post merging stage of the organization depends upon the manner they deal the intercultural challenges and differences between them. This process has got very high capability to influence the later performances of the organization.
It will be useful if all the staff in addition to the managers and HR personnel of a multinational organization undergo intercultural training. Such organizations will have tremendous confidence in dealing the intercultural matters very fruitfully together with the mergers and acquisitions. This will be highlighted in the performance of the organization very well. But it is very sorry to say that at least a few multinational organizations are keeping some reluctance to invest for the purpose of intercultural training to their staff. No organization is ready to consider about the positive outcome of such training in the business field. The negligence in this case will produce incomparable loss to them in the later years.
The experts in the business media have proposed some valuable suggestions to sort out such difficulties suffering by the various organizations of the world. According to them more and more companies should come forward to implement the intercultural training among their staff. This will be so worth and profitable to them with respect to the expenses to be afforded by them. Experts point out the need to organize and implement comprehensive intercultural training programs by the multinational organizations to develop a better outcome in the later years of the business world. This training will enable them to deal the intercultural differences and misunderstandings very comfortably, and thereby develop a most agreeable and satisfactory atmosphere within the organization. Hence the intercultural training is an inevitable factor as far as the mergers and acquisitions are concerned.
The influence of intercultural synergy in mergers a
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