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.
Entering into a merger can be challenging for both companies. Whatever your reasoning for the merger, one thing is for sure—change is coming. According to Harvard Business Review, between 70 and 90% of mergers and acquisitions fail. Culture clash may be to blame for this extremely high number.
There are a few things you can do to combat this issue.