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A very personal process: dealing with post-merger cultural change in a financial services institution

Ball, Désirée and Garcia-Lorenzo, Lucia (2013) A very personal process: dealing with post-merger cultural change in a financial services institution. Change Management, 12 (1). pp. 1-16. ISSN 2327-798X

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Abstract

This research highlights how organizational members use narratives as cultural resources to make sense of the merger in a newly created organization (FSI). The paper considers culture as a critical success factor in any change effort, especially in post-merger integrations. As such, culture and change are regarded as being interdependent and interrelated. The paper however, proposes to extend traditional models of organizational change to take into account the highly unpredictable, unexpected, and unplanned conditions of current financial institutions as illustrated by the specific change events experienced by FSI employees. A qualitative research design drawing upon documents, field notes, and narrative interviews was used to explore the cultural context of FSI after the merger. The analysis found that the narratives FSI employees use, revolve around four main overarching themes that both illustrate FSI's post-merger culture and display elements of cultural integration, as well as differentiation, and fragmentation: i) Under the rule: The need to feel valued; ii) The merger is a very personal process; iii) When the others arrive: A mosaic of sub-cultural realities threatening our identity; iv) Fragmentation is a threat to our personal stability. The findings confirm that all three cultural perspectives are ubiquitous within the organization supporting Martin's (2002) meta theory of the need to adopt a multi-perspective-lens to better understand cultural transitions in organizations. The research findings show how the merger became a very personal process for FSI members, threatening not only their financial situation, working conditions and roles but also their sense of self and their personal identities. Hence, merger events not only represent drivers of change in organizational terms but also, and more importantly, in social and personal terms. And it is through the study of narratives that we can access these processes.

Item Type: Article
Official URL: http://ijmc.cgpublisher.com/
Additional Information: © 2013 Common Ground Publishing and The Authors
Library of Congress subject classification: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HG Finance
Journal of Economic Literature Classification System: J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J50 - General
J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J53 - Labor-Management Relations; Industrial Jurisprudence
M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M12 - Personnel Management
M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M14 - Corporate Culture; Social Responsibility
M - Business Administration and Business Economics; Marketing; Accounting > M5 - Personnel Economics > M54 - Labor Management (team formation, worker empowerment, job design, tasks and authority, work arrangemetns, job satisfaction)
Sets: Departments > Social Psychology
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 16 Sep 2013 08:34
URL: http://eprints.lse.ac.uk/52598/

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