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Ch 4 p 3 - IHRM AND INTERNATIONAL MERGERS AND ACQUISITIONS...

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IHRM AND INTERNATIONAL MERGERS AND ACQUISITIONS PROCESS OF ACCULTURATION •New Creation – Develop a new culture that fits the new organization - commonly the result of a greenfield operation. •Assimilation – Assign legitimacy to one culture and expect assimilation by members of the other culture – target firm will lose its identity. Common in hostile acquisitions or when there is an imbalance of power. IHRM and International Joint Ventures •In an international joint venture (IJV), a new legal entity is created defined as •“A separate legal organizational entity representing the partial holdings of two or more parent firms, in which the headquarters of at least one is located outside the country of operation of the joint venture.” •This entity is subject to the joint control of its parent firms, each of which is economically and legally independent of the other •The central challenge in an IJV is to create a new firm, with all its
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