Company culture and communication should not overlooked during merger and acquisition (M&A) planning, according to a recent study by Deloitte and HFMA. Surveyed financial executives who had participated in a recent merger or acquisition stressed that investing time early in pre-merger conversations and understanding each organization’s unique culture were critical success factors. Failing to identify cultural differences could make it difficult for newly combined organizations to meet their strategic goals.
Surveyed finance leaders also recommend testing assumptions about cultural compatibility early in the transaction process to define expectations and identify potential problems.
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Suggestions for Improving Results of Future M&A Included Culture and Communication Considerations