According to Harvard Business Review, 75% of managers across 50 organizations were dissatisfied with their company’s learning and development functions. With that statistic in mind and the $359 billion spent on training in 2016, it’s essential that your company’s learning and development program is developed properly.
If your company prioritizes purpose and culture, a merger can disrupt the flow. As Jack Canfield once said, “If you can tune into your purpose and really align with it, setting goals so that your vision is an expression of that purpose, then life flows much more easily.” On that note, let’s take a look back in time at some of the best and worst company mergers (so we can learn together!)
I started Culture Works with the intention of building people with an outcome of building a business. What better way to do that than have a focus on Culture, Talent, and HR? I believe in empowering people with information and experiences, so they can make informed decisions and drive their own purpose.
AIHR describes the importance of organizational development: “Organizational development is a critical and science-based process that helps organizations build their capacity to change and achieve greater effectiveness by developing, improving, and reinforcing strategies, structures, and processes.”
It is not enough for a company to stay stagnant in its company culture. Creating a healthy workplace environment is a process that takes time and commitment. A factor that is often forgotten with any process is that learning new skills is essential to change. And that with learning comes vulnerability.
Do you want to increase the value of your company? Who wouldn’t! When you hear the word “value,” however, what do you think of? In many cases, dollar signs flash in front of people’s eyes. And for those undergoing a merger, adding monetary value to one’s company would likely pass without complaints.
Woohoo! Congratulations. A prospective buyer is interested in acquiring your business! But hang tight, because that’s just the beginning. Do you have your due diligence checklist ready?
The M&A process is an exciting but lengthy one. It can last anywhere from months to years depending on the size of the company involved in said transaction.
A large portion of this time, in fact, is dedicated to conducting due diligence. Here, we’ll give you a guide that ensures your M&A due diligence runs as smoothly as possible.
Let’s start with the basics.
Congrats! Your merger is underway. Your hard work has nearly paid off! But you’re not quite done yet. That is—unless you want sh*t to hit the fan.
At Culture Works, we don’t want that—and neither should you. Did you know that more than half of mergers and acquisitions fail? And the reason behind it? The clashing between two separate company cultures: Culture shock.
If you’re looking to merge your company down the road, you need to consider your options to be one of the few successes. This includes, in many cases, deciding to hire a facilitator to help merge two cultures.
Here’s why.
There’s a gap in organizational development. We’ve seen it time and time again. Organizational leadership is focused on the wrong areas of their business. We constantly ask leadership to give us a rundown of where they’re spending their time, and it’s typically not focused in the right areas.
With all the headaches that came our way last year, it’s time to consider beefing up your HR team. Along with the normal compliance, people, and cultural issues that come with human resources, there is now a whole new set of potential issues to consider. Is your company really looking at the people in operations who are working toward your greater success? If not, it’s time to start. HR “unicorns” have 20+ different jobs that create success. Our founder and CEO, Kristi Pastore explains a few different HR touchpoints to focus on as you look to the future.