Lou Gerstner, former CEO of IBM, once said culture isn’t just one aspect of the M&A integration game … it is the game. So, if culture integration is so critical to M&A success, why don’t more executives take it seriously?
- More than 50 percent of executives who execute mergers or acquisitions rarely or never conduct formal cultural assessments.
- Only 4 percent of executives include culture-specific questions in their due-diligence checklist.
- Just 2 percent of organizations contract with an outside firm to conduct a “culture analysis” or compatibility study.
Without a concerted, strategic plan in place to bring the two organizations together — your transaction value will quickly diminish. Don’t make this mistake. Read this article to discover three things you can do to ensure culture integration is a success.