Mergers and acquisitions are the trademarks of any company (or two companies) experiencing growth. This concept, often denoted by M&A, is often employed to improve the bottom line of business. Other players in the industry understand the importance of implementing a consolidation strategy in order to guide the parties through the potentially turbulent waters of this kind of change.
People are Crucial to Consolidation
A successful M&A requires careful consideration of all structures and processes involved. Even the most experienced professionals in the industry will acknowledge the importance of culture in the fusion of two more entities. Typically one group has come to expect things to work in a certain way, while others might want it done differently. Understanding the human element in this process and incorporating this into a consolidation strategy is the starting block of a successful operation. This strategy might include aspects of corporate culture. “Dotting the i’s and crossing the t’s