Cultural differences can have a significant impact on business operations and cause harm when not properly managed. Mergers and acquisitions can create challenges due to cultural expectations on a national and organizational level. Often, managers are expected to integrate their current focus into a larger project without understanding how to do so in a larger context. Communication and coaching are key concepts in ensuring a smooth transition.As the HR manager of Banks Industries, one of the issues you face with regard to the company’s acquisition of a Chinese firm is presented in the following scenario:Review the scenario and your readings and address the following:BANKS Industries is a manufacturing company located in Centervale. A U.S.-based organization, BANKS’s major product line is electronics components. BANKS has just over 200 employees at their main plant in Centervale, but has recently acquired a new subsidiary in China. This acquisition adds close to 100 employees and their expertise in a new line of personal computing devices. BANKS expects these devices to give them a competitive advantage in their market.BANKS started out as a family-owned organization that has a relatively flat organizational structure. After 15 years of being in business, BANKS continues to be family-owned and has acquired several small companies in the U.S. The acquisition of the Chinese company, which has now been renamed BANKS Components, is the first acquisition outside U.S. borders.At this point, the acquisition is official and the company is in the process of taking over the operations of the plant in China. All employees have been retained, although turnover and some expansion are anticipated in the near future. Employees in both locations are feeling uneasy regarding potential changes, and some reorganization is going to be necessary. During the acquisition, some key employees of the Chinese company left the organization out of fear that their positions would be eliminated. This has left some upper management and director-level positions vacant, adding to the challenges that BANKS is currently facing.As the HR manager, you report directly to the owner-president of BANKS Industries. You have a relatively small staff working under you, leaving you to make the majority of the HR recommendations and decisions on your own. You have been charged with identifying some of the challenges and issues in this new endeavor, making recommendations for action, working with employees, and several other tasks related to the acquisition.Consider the challenges of posting U.S. employees to overseas locations. You will develop a 15-20 slide presentation to make recommendations on the HR-related challenges. The PowerPoint presentation should include a title slide as well as a slide with references in APA format. A minimum of five scholarly references should be used, which may include direct reference to relevant laws and research. Be brief and professional on your slides, but use the notes feature to go into more detail regarding the topics. Consider your audience, so be sure that your text and background has enough contrast, that you limit animations and other distractions, and use graphs and tables where appropriate. Address the following in your presentation:
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