Close to 52,000 mergers and acquisition deals were announced worldwide in 2018, with a total value of 4.09 trillion USD. According to multiple studies, some 70% to 90% of all acquisitions are “abysmal failures.”
These dire statistics result from a variety of common inadequacies, including ineffective risk management, unclear operational strategy, lack of communication between stakeholders, and poor project management. But there is another primary culprit which is often overlooked—the inability to integrate disparate company cultures. Research published in the International Journal of Innovation and Applied Studies confirms that misalignment between two company cultures is a prominent factor of acquisition failure.
In this session, learn how to:
· Gain clarity around company culture
· Establish shared organizational objectives
· Define the shape of the new company culture
· Assess your company culture
· Thrive in the new company culture
Effectively addressing culture integration before, during, and after the mergers and acquisition transaction streamlines the development and management of the new company. Start managing your culture, or it will manage you.
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