Culture is the pattern of norms, values, beliefs and attitudes that influence individuals and groups’ behavior within the organization. In short, culture is "the way we do things." Culture, therefore, is not an independent variable and it equates with business and supports the strategies. It aligns with the organization’s goals and influences the work groups in such a way as to align their personal and professional values and beliefs to enhance themselves and the organization, too. Cross-cultural differences or issues are one of the most important challenges which globalization has brought to the world of business. Understanding how cultural factors can make or break a deal across borders is the most significant question, which arises before making any deal. Knowing the ‘do’s and don’ts’ and a proper understanding of cultural values of other countries and organizations are the keys to the success of these deals. Creating a cohesive culture from two distinct entities is a challenge. Apart from that, how competent these organizations are to deal with cultural differences is the key challenge in this global, competitive world. Today’s business environment M&As have to look into cultural issues seriously, as they do the financial ones. In view of the importance of the above aspect, this book focuses on the impact of culture on M&As and the cultural issues and the challenges faced by the organizations, best practices and supportive case studies. It provides insights, which, it is hoped, will be helpful for business executives, professionals, consultants, subject experts and management students.
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