Deutsche Bank and Bankers Trust merger
Информация о компаниях и самом слиянии Deutsche Bank (Germany) and Bankers Trust (US) reflect different cultural realities. The main differences between them concerning cultural dimensions include such points as: Long-term orientation. On this index the Germans score 83 while the Americans score only 26 what means that unlike the Americans the Germans are very pragmatic people, they show an ability to adapt traditions easily to changed conditions, a strong propensity to save and invest, thriftiness, and perseverance in achieving long-term results, while the Americans are more concentrated on achieving quick results. Indulgence. Germany scores 40 what means that German society is rather restraint in comparison with more free American society which scores 68 In uncertainty avoidance, the Germans score 65 while the Americans score 46, meaning that Germans try more to avoid risk and anxiety, while Americans neither seek nor avoid ambiguous situations. Despite the differences there is also something in common, for example: In spite of the fact that there is an obvious difference between two cultures in the individualism scale (G – 67, U – 91), both of them are actually considered to be individualistic and focus on personal independence, individual rights, personal time, freedom and challenge. The power distance scale (G – 35, U – 40) shows that both cultures are not very comfortable with control and structured hierarchical levels and prefer participative communication. And we also can see that masculinity is also a common feature. For The Germans and the Americans performance is highly valued. People rather “live in order to work” and draw a lot of self-esteem from their tasks. So now we’ll proceed to analyzing how this dimensions influenced the merger itself.
Вступление It’s an interesting fact that before having been acquired the Bankers Trust had not been integrated properly with the oldest US...
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