S-Space College of Business Administration/Business School (경영대학/대학원) Institute of Industrial Relations (노사관계연구소) Seoul Journal of Industrial Relations (노사관계연구) Journal of industrial relations vol.13 (2002) (노사관계연구)
성공적 M&A를 위한 Cultural Due Diligence
Cultural Due Diligence for Successful M&A
- 박원우; 백광일
- Issue Date
- 서울대학교 노사관계연구소
- Journal of industrial relations, Vol.13, pp. 71-96
- Under the pressure of intensified competition, many firms seek M&A as a
method to maintain or obtain competitive advantage. However, despite the
initial optimism, more than half of the mergers and acquisitions fail to
achieve their financial and strategic objectives. Foregoing research has
shown that the failure of M&A comes not from the misconduct in legal.
financial or tax due diligence but from such issues of' human relation and
culture clash. Thus. this paper focuses on so called cultural due diligence of
After summarizing 'expanded due diligence' in comparison with 'traditional
due diligence,' we reviewed foregoing research of culture issues during M&A.
Then we suggest a typology of culture clash and culture (change) management.
with the introduction of four studies dealing with the typology of
organizational culture integration.