Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based Company
The developing South African economy provides good business opportunities for global companies. Despite the popularity of mergers and acquisitions as a way to expand into a developing economy, many such business transaction fail to create sustainable organisations due to issues pertaining to nationa...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Primorska
2013-09-01
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| Series: | Managing Global Transitions |
| Subjects: | |
| Online Access: | http://www.fm-kp.si/zalozba/ISSN/1581-6311/11_301-316.pdf |
| _version_ | 1831723822866235392 |
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| author | Stefan Stander Pieter Buys Merwe Oberholzer |
| author_facet | Stefan Stander Pieter Buys Merwe Oberholzer |
| author_sort | Stefan Stander |
| collection | DOAJ |
| description | The developing South African economy provides good business opportunities for global companies. Despite the popularity of mergers and acquisitions as a way to expand into a developing economy, many such business transaction fail to create sustainable organisations due to issues pertaining to national and corporate cross-cultural issues. This study investigated the potential impact of national cultural differences pertinent to the acquisition of a South African-based resource company by a French-based international group. It was evident that there were cultural differences in the manner which certain attitudes and actions were expressed within the workplace, which have led to some conflict that hampered the optimum functioning of the accounting-related functions within the company. By using Hofstede’s cultural dimensions andGray’s accounting value classification frameworks within this case study, the organization’s management was provided with insights into how national cultural orientation affects their functioning. |
| first_indexed | 2024-12-21T04:10:01Z |
| format | Article |
| id | doaj.art-58baaaf922c149dd9bbc5300251e0d9c |
| institution | Directory Open Access Journal |
| issn | 1581-6311 1854-6935 |
| language | English |
| last_indexed | 2024-12-21T04:10:01Z |
| publishDate | 2013-09-01 |
| publisher | University of Primorska |
| record_format | Article |
| series | Managing Global Transitions |
| spelling | doaj.art-58baaaf922c149dd9bbc5300251e0d9c2022-12-21T19:16:29ZengUniversity of PrimorskaManaging Global Transitions1581-63111854-69352013-09-01113301316Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based CompanyStefan Stander0Pieter Buys1Merwe Oberholzer2Rainbow Farms Pty, Republic of South AfricaNorth West University, Republic of South AfricaNorth West University, Republic of South AfricaThe developing South African economy provides good business opportunities for global companies. Despite the popularity of mergers and acquisitions as a way to expand into a developing economy, many such business transaction fail to create sustainable organisations due to issues pertaining to national and corporate cross-cultural issues. This study investigated the potential impact of national cultural differences pertinent to the acquisition of a South African-based resource company by a French-based international group. It was evident that there were cultural differences in the manner which certain attitudes and actions were expressed within the workplace, which have led to some conflict that hampered the optimum functioning of the accounting-related functions within the company. By using Hofstede’s cultural dimensions andGray’s accounting value classification frameworks within this case study, the organization’s management was provided with insights into how national cultural orientation affects their functioning.http://www.fm-kp.si/zalozba/ISSN/1581-6311/11_301-316.pdfaccounting value classificationcorporate culturecultural dimensionsmergers and acquisitionsresilience |
| spellingShingle | Stefan Stander Pieter Buys Merwe Oberholzer Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based Company Managing Global Transitions accounting value classification corporate culture cultural dimensions mergers and acquisitions resilience |
| title | Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based Company |
| title_full | Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based Company |
| title_fullStr | Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based Company |
| title_full_unstemmed | Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based Company |
| title_short | Using the Cultural Dimension and Accounting Value Classification Frameworks to Investigate Cultural Diversity in a Multi-National South African-Based Company |
| title_sort | using the cultural dimension and accounting value classification frameworks to investigate cultural diversity in a multi national south african based company |
| topic | accounting value classification corporate culture cultural dimensions mergers and acquisitions resilience |
| url | http://www.fm-kp.si/zalozba/ISSN/1581-6311/11_301-316.pdf |
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