4.5 Assignment: ArcelorMittal Acquisition1.Review the rubric to make sure you understand the criteria for earning your grade.2.Read the articleArcelor agrees to Mittal...

Arcelor Mittal Acquisition         2
ARCELOR MITTAL ACQUISITION
Table of Contents
Introduction    3
Cultural Dimension Framework    3
Merger Motivation    4
Challenges Faced    4
Arcelor Mittal acquired Essar Steel    4
Rationale for Joint Venture    5
Cultural Challenges of Integrating a Christian    5
Conclusion    5
Introduction
In the present business environment, it is essential for the organisation to understand the cultural differences and similarities of the countries where they operate. This focuses to analyse the cultural dimensions of Luxembourg, India and Japan using Hofstede's framework. Additionally, the discussion will also focus on the Arcelor Mittal's motivation to be acquired by Mittal and Mittal's motivation to merge with Arcelor.
Cultural Dimension Framework
Hofstede's cultural dimensions Framework is useful tool for analysing the cultural differences between the countries. The framework identifies six dimensions: power distance, individualism versus collectivism, masculinity versus femineity, uncertainty vs avoidance, long term orientation and indulgence versus restraint. The following aspect focuses on the comparison between these three countries of Luxembourg India and Japan. Luxembourg value equality and believe that the power should be distributed evenly. It has high individualism score which means that people value personal freedom, individual responsibility and privacy.
The country has a low masculinity score with suggest that people are more concerned with the quality of life than the material success. India is a large diverse country in South Asia. It has a high-power distance code which suggest that people accept unequal distribution of power and authority. Besides India has a high masculinity score which indicates that people value material success and assertiveness. India has a...