Culture Rupture Case Study
CJA/473
March 16, 2011
Traditions Clashes Case Study
Traditions clashes in businesses can differ in many ways, and it is not comprehended why a few cultures produce it through a merger, and some appear never to make it through a merger at all. The merger within different businesses can be a major situation for everyone to go through, then when dealing with a pair of America's biggest companies, the issue of the circumstance can only increase. Once businesses decide to mix, quite often it appears as though one particular company profits all the rewards and the other loses away. However , this kind of paper can illustrate that is not the situation when it comes to Bank of America and MBNA. Tradition can be determined through ethnic background, religion, and simple beliefs. Since those two major corporations did not battle, reviewing the way the business practices and businesses relate can be more possible look at when relating to the form of tradition. Bank of America was known for their conventional financial and not taking any dangers. On the other hand, MBNA was known for glamorous lamps, luxury, and everything the services of fine buildings. Lender of America took take great pride in in the way organization was conducted with the quickly growing industrial sectors, because these were on a activity to be the planet's largest lender. Since Financial institution of America was the place's third largest bank, the merger with MBNA could help convert Bank of America into one of the planet's largest creditors (MSNBC, 2005). However , while using merger, there would be an requirement of great advantages for each corporation and some down sides as well. In accordance to Traditional bank of America, " the acquisition is definitely an opportunity to grow a business that has proven to be the fastest developing segments” (MSNBC, 2005). The companies did not possess very much in common from one feature, but if looked at from another type of view, Bank of America and MBNA had very much in common. The thing that made them the most...
References: Connected Press, (2005) Bank of America purchases credit card huge MBNA. Gathered on Mar
20, 2011 from http://www.msnbc.msn.com/id/8414809/ns/business-us_business/
Dash, Joshua (2005) A Clash of Cultures: Avoided. Retrieved in March twenty, 2011 by
http://www.nytimes.com/2007/02/20/business/20bank.html?pagewanted=print
