Why Company Culture is Critical to M&A Success

company culture mergers and acquisitions success

The actual results of mergers and acquisitions don’t always live up to expectations.

M&A growth strategies promise a multitude of strategic opportunities; from rapid growth, to elimination of competition, to access to new markets. And many organizations are currently, or have, embarked on merger and acquisition growth strategies to varying effect.

When asked about the primary causes of these mixed results, most leaders cite a misalignment between the two organizations’ cultures. This friction can wreak havoc as the members of different groups assimilate to drive the performance gains that M&A strategies forecast.

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Embrace a Culture of Self-Leadership to Stay Agile as You Scale

nurse next door culture of self leadership

One of the greatest challenges for rapidly growing organizations is how to remain nimble in the midst of growth.

As companies scale, more processes are required to coordinate the growing workforce. And the additional management layers that come with them can slow an organization down.

It’s often the reason why large organizations become weighed down with bureaucracy while small companies remain quick and agile.

Consider this recent story from Hootsuite CEO Ryan Holmes:

“Earlier this year, an employee wanted to send a customer a T-shirt with our logo as a gift. There was nothing special about this particular shirt. It was an ordinary, 100% cotton crew neck. But by the time this employee got approval—factoring in his own time and everyone else’s up the org chart who had to weigh in before signing off on the request—the cost of this t-shirt had ballooned to at least $200.”

Many organizations today are trying to hedge against inflated processes like these by changing their organizational structures. Hootsuite, for example, appointed a “Czar of Bad Systems” to help improve internal processes.

In today’s rapidly-evolving business environment, growing organizations need to remain fast and efficient. And some large, geographically dispersed and complex organizations seem to be able to maintain a level of agility despite their size.

How do they do it?

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How Technology Can Save Your Company Culture During an Expansion

technology can save your company culture during expansion

As any business expands — either domestically or internationally — it can be a challenge to maintain a consistent company culture. Communication might suddenly need to bridge time zones, and messages will need to stay consistent despite language or cultural barriers. An expansion can affect organizational design and the centralization of resources, potentially making employees feel detached.

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How to Care For Workplace Culture Through Its Awkward Teen Years

care for workplace culture through its awkward teen years

Building a business is like raising a child. We see them grow up over the years, go through hard times and good, learn from each success and failure, and eventually blossom into something more wonderful than we ever could have imagined.

One of the more challenging stages of the process is a business’ adolescence. It’s no longer a scrappy startup but not yet a full-grown business with established and consistent processes.

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4 Things You Don’t Need to Have a High Performance Culture

4 things you don't need in a high performance culture

We’ve all read the stories about startups making waves in their industry, and how they’re doing it from a once-destitute warehouse on the south side of town. We’re prone to conclude that these companies are sustaining high performance because they’ve broken down the (cubicle) walls that bind our ability to collaborate, innovate, and achieve our full potential.

Unfortunately, misconceptions about high performing culture develop from these stories, and many well-intentioned business leaders have tried to emulate these startups in their quest to improve their culture and performance.

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Why Culture is the Heart of Organizational Innovation

culture and organizational innovation

If you mention “innovation” to most business leaders, it wouldn’t be a surprise if they begin to think about Tesla, GE, or 3M. Compared to these giants of innovation, continually pushing the bleeding edge of what’s possible through massive investments in research and development, you may feel like innovation is out of reach.

No matter your organization’s size or industry, however, a culture of innovation may be necessary to evolve and succeed in today’s constantly changing business environment.

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Solid leadership: Lessons in the Art of the Turnaround From U.S. Concrete

Solid leadership: Lessons In The Art Of The Turnaround From U.S. Concrete

When Bill Sandbrook took over as CEO of U.S. Concrete (NASDAQ CM: USCR) in 2011, he stepped into an organization that was hobbling out of bankruptcy and struggling to turn itself around. What he didn’t realize was just how precarious the situation really was.

A graduate of the U.S. Military Academy at West Point, Sandbrook got his start as a leader in the cavalry, serving 13 years before leaving the service in 1992 to take a job with a building materials company.

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4 Ways to Keep Employees Tuned In as Your Company Scales Globally

4 Ways to Keep Employees Tuned In as Your Company Scales Globally

A global expansion can be a company’s greatest triumph or its most difficult period. Moving into new markets can mean increased reach and revenue. But if you focus too much on the big changes to your bottom line, you may end up with disgruntled employees working hard just to keep pace with this rapid growth.

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Employee Engagement Starts with Better Onboarding

employee engagement onboarding

When the subject of onboarding comes up, I’m reminded of a friend’s recent experience starting fresh at a new company. Let’s call him Steve. On his first day, he attended an all hands meeting where staff were expressing concerns about heavy workloads across various initiatives to upper management.

Throughout the meeting, there was a recurring response: “Steve, the new guy will handle that.”  It got to the point where someone asked, “How many Steve’s did we hire exactly?”

Humor aside, this type of situation isn’t uncommon. A hiring decision is made, but there isn’t much planning done in the interim before their start date. They show up on their first day to either be bombarded with tasks, or left without much to do.

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What I’ve Learned In Ten Years as a Bootstrapped Entrepreneur

What I've Learned In Ten Years as a Bootstrapped Entrepreneur

2006 was a memorable year for a lot of reasons. Facebook opened its doors to the general public. Zinedine Zidane headbutted Marco Materazzi during the World Cup Final. And for some reason, Americans paid a total of $62 million to watch Snakes on a Plane.

But the most important event for me in 2006 was founding my company, gothamCulture.

Last month marked my company’s ten-year anniversary. And as I reflect upon my journey of bootstrapping and growing a professional services firm, I came to the conclusion that what I’ve learned might benefit other entrepreneurs out there who may be growing their own businesses.

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