Mass Merger - the Case of Aon Singapore - 1964 Words

MASS MERGER THE CASE OF AON SINGAPORE Our case study deals with Mass Merger. Since the 90s, together with the globalization of business, Mergers and Acquisitions have developed at an incredible pace. Thus, companies from all over the world can be lead to work together as one single corporation. Moreover, the world has become interdependent not only economically, but also culturally, that is to say one culture may influence another one or different cultures can be mixed. It is then obvious that intercultural issues have to be solved. In this case, we are going to talk about the Aon Singapore Merger process. The Aon group is an American insurance services holding company. In the 90s, Aon acquired several insurance brokerage firms and†¦show more content†¦Taking the first concern mentioned into consideration, we can easily relate to cross-cultural researcher, Edward T. Hall’s differentiation between high-context cultures and low-context cultures. As the report states, â€Å"The need for improved communication was emphasized over and over in the interviews. People want to understand Aon. Just giving them a copy of Aon’s mission statement is not enough.† From this excerpt we can deduct that, to some extent, the unhappy employees came from low-context cultures, in which communication is characterized by explicit verbal messages. There is no hidden meaning behind any message and the information is transmitted directly. So just reading a mission statement does not clarify how they fit into the overall organization and current business plan. As some of the interviewed staff mentioned, â€Å"it is the responsibility of top management to assure that all employees are getting the information that they need† and that â€Å"top management needs to take a more active role in making greater amounts of information available to all employees.† Having read this, one might argue that in fact, top management members come from high-context cultures. This might explain the mission statement hand-outs given to employees. In high-context cultures only very little information is passedShow MoreRelatedProject Mgmt296381 Words   |  1186 PagesFirst Edition Fitzsimmons and Fitzsimmons, Service Management: Operations, Strategy, Information Technology, Seventh Edition Gehrlein, Operations Management Cases, First Edition Harrison and Samson, Technology Management, First Edition Hayen, SAP R/3 Enterprise Software: An Introduction, First Edition Hill, Manufacturing Strategy: Text Cases, Third Edition Hopp, Supply Chain Science, First Edition Hopp and Spearman, Factory Physics, Third Edition Jacobs, Berry, Whybark, and Vollmann ManufacturingRead MoreHuman Resources Management150900 Words   |  604 PagesAct. Organizational Restructuring Many organizations have restructured in the past few years in order to become more competitive. Also, mergers and acquisitions of firms in the same industries have been made to ensure global competitiveness. The â€Å"mega-mergers† in the banking, petroleum, and telecommunications industries have been very visible, but mergers and acquisitions of firms in many other industries have increased in recent years. As part of the organizational changes, many organizations