During the study process, participants consider how corporate and national cultures interact and where the boundaries of their influence extend, what flagship systems of culture analysis exist, how national culture affects decision-making, leadership style, work attitudes and engagement, and what key issues should be considered when merging two companies from different countries.
This year, the course was held according to the extended program. Marina Starodubska added a case study of the integration of a foreign start-up into a multinational corporation about the key challenges faced by HRM practices in different countries today. So the participants had to work on the following topics:
- balancing global values with their local interpretations and approaches to application in different countries;
- a combination of flagship classification systems of national cultures for managing multicultural teams and systems: Hofstede, Trompenaars, Gelfand, Hall, Lewis, GLOBE, Schwartz, Inglehart, Triandis;
- an M&A HR strategy template with a focus on people, processes and communications - to ensure cultural compatibility and prevent "transaction costs" in the M&A process;
- 4 formats of integration of the acquired company in M&A (assimilation, partnership, coexistence without control, mixing), their advantages and features;
- the company's M&A readiness system with an emphasis on leadership, decision-making models, teamwork and adaptation in different national cultures;
"About 50% of the features of national culture are determined by geography, climate, population density and historical features of the country's development and are not subject to globalization. It takes about 100 years for a thorough change of national cultures, values and beliefs evolve over 15-20 years, and norms of behavior - over 3-5 years, but their change does not affect the national culture," Maryna Starodubska shared during the course.
Institut Magellan was founded by the Cercle Magellan professional network, which unites more than 250 international companies and has about 1,500 professionals from various specializations in the field of HRM in France and the world (international HR directors, managers of global mobility, compensation and benefits, talent management) .