Mergers and acquisitions have become the most dramatic demonstration of vision and strategy in the corporate world. With a single move, managers can change the course of their companies, their careers, as well as create value for their shareholders. This explains why companies are combining today in record numbers. Executives pursue mergers and acquisitions as a way of creating value by acquiring technologies, products and markets access; creating economies of scale, as well as establishing global brand presence. However, the business milieu is littered with integrated companies that have lost value for shareholders. This paper examines culture as the major factor that has counteracted the value-creation energies of economies of scale and
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2.2 Characteristics of Culture Despite differences among scholars on how culture is to be conceptualized, there is some consensus on some elements of culture. Culture comes from commonality, as something taught, learned, and shared in groups that help humans adapt to both the natural environment and the socio-cultural environments humans create. Culture is more than just beliefs or behaviors, or the things human beings produce (Naylor 4). Culture is a concept that has to be learned. It is shared within groups of humans. It is not a haphazard set of ideas, behaviors or products that simply accumulate over time. Further, culture is adapted to the environment in which it exists, and it represents an integrated whole in which all parts are related in order to attain that goal. Culture is also dynamic. It is something that is always in a state of change because the environments are always changing. People are not born with their culture. They have to learn it, and each generation has to learn it all over again or the culture does not survive (Naylor 4).
3.0 Different National Culture Frameworks
3.1 Definition of National Culture Different countries have different cultures. Culture comprises of ideals, values and assumptions regarding life that are shared among individuals and that guide particular behavior. A national culture is vital organizing principle of employees’