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Culture & Employees exchange combination

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Culture & Employees exchange combination

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Global Department 3 & Finance Department 2

Meeting purpose - Module Session 2, Group discussion II, Collaboration between Global and Finance

Meeting Date / Time -

2023.12.06, 12:10 p.m. ~ 12:55 p.m.

Participants -

박주현, 박중현, 서우진, 라민우 (Global)

박지영, 한예솔, 윤민재 (Finance) - one member absent (부 응억 바오 탁)

Presenters -

박지영, 라민우

Agenda -

1. Global Team's Presentation

2. Finance Team's Presentation

3. Exchange of PPT files

4. Q&A Session

5. Exchange of Expertise

6. Suggesting of Collaborative Strategies

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1. Presentation of each department's analysis.

Global Department: Overall insight on cultural background of Chile. Provided detailed analysis regarding hofstede's culture model and economical status.

Finance Department: Current Corporation Values of Brazil and Chile. Also Provided optimistic and pessimistic scenarios and the changes to valuations.

2. Cross examination of each team's arguments

Provided explanation for unclear topics. ex) regional regulations for overseas businesses

3. In-depth QnA session

Made detailed adjustments to resolution

Figured out common grounds and successfully decided upon a clear resolution in terms of management.

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Proceed in combination of culture and employee exchange through cost effective measures such as remote platforms and indirect governing/management process.

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Proceed in combination of culture and employee exchange through cost effective measures such as remote platforms and indirect governing/management process.

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1. Compare the Present Corporation Value

Brazil(present): 7.84

Chile(present): 8.72

2. Compare the Optimistic Corporation Value Scenario

Brazil: 9.48 (terminal growth rate: 1.20%)

Chile:10.78 (terminal growth rate: 1.15%)

3. Compare the Pessimistic Corporation Value Scenario

Brazil: 6.11 (terminal growth rate: 0.80%)

Chile: 6.50 (terminal growth rate: 0.80%)

They concluded that it is better to M&A with Chile. Because both positive and negative scenarios indicate that Chile is better

But, they noted that it is necessary to consider that Chile is more affected by pessimistic growth.

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The final candidate country decision of the Team was revealed.

Cultural Aspects of both countries were clearly outlined: including, the difference between corporate cultures of Korea and two Latin American countries; as well as the political climate, and economic trends. (Specifics to be referred to the previous padlet.)

The rationale of choosing the ultimate decision, Chile, was first built upon the already presented cultural aspects, and then established further through a number of factors, including

1. Chile's Relation with the world, seen through organizational memberships

2. Communicational advantage of Chilean workers

3. Less Cultural Clash than Brazil's diversity

4. Korean-Chilean governmental Collaborations on economic development

5. "Brazil Cost" concept highlighting the Cost-Benefit analysis

The presentation ended with Hofstede's Cultural alignment focusing on the conclusion that Chile and Korea are culturally closer across the collective assessment of 4 indices: Power Distance, Individualism-Collectivism, Uncertainty Avoidance and Masculinity-Femininity.

Changes in Opinions

After the discussions, the Global Department requested approval of its PMI strategies, while stating that the integration strategies presented so far have solely been focused on cultural integration and not much on corporate value creation.

The two departments eventually came up with groundbreaking ideas to reform the PMI strategies to both stances' favour.

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The team will stick to its own responsibility allocation for the debrief session, where -

Roles

Presenters - 서우진, 라민우

Materials Preparation and Content Writing - ALL

Division of Expertise -

박주현 (Cultures and Aspects of Chile)

서우진 (Cultures and Aspects of Brazil)

박중현 (PMI Strategies and Hofstede's Cultural Model Assessment)

라민우 (Factors determining the Chilean Acquisition and Rationale)

Sub-tasks

1. Preparation of PPT material, comprehensively; thus covering,

Finance Department's Economic Trends and Corporate Value Worksheet on Optimistic and Pessimistic Scenarios.

Global Department's Cultural Aspects, Hofstede's Model and revised PMI strategies.

2. More effort into Script Writing to achieve Time Management Criterion.

3. Rehearse as usual with a mock presentation - to gain approval and feedback.

4. Deliver the presentation, while compiling and sharing materials necessary to write up the FINAL PORTFOLIO.