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A good fit: merging firms should consider culture compatability

Firms need to consider whether their cultures are compatible when planning a merger, explains Mark Jones

1 February 2016

Why is culture so important to merger integration? In 2006 Harvard Business School published a study entitled 'Nine steps to prevent merger failure'. It examined what it called nine 'deadly sins' that are risks to the successful execution of a merger. One of them was described in the study as 'cultural disconnect'. All too often, in my experience, the cultures of two businesses are overlooked, any merger planning process.

Understanding the respective cultures of two firms is crucial in deciding both whether to merge them and how to execute any merger of them.

Why does culture matter in a professional services firm?

Mention the word 'culture' and some people will repeat tired old jokes about mould in unwashed coffee cups. That does a disservice to a key component of any business, and one particularly crucial to plann...

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