Why Culture fails in M&A and how to address them - Podcast with Anirvan Sen
Hello, and welcome to our latest video on M&A integration. Despite the potential benefits of mergers and acquisitions, a large number of companies still fail with their transactions. One of the biggest reasons why they fail is culture. In fact, there are many reasons why M&As struggle with culture.
Business leaders often do not give culture the importance it deserves and consider it fluff. It is often delegated to HR instead of being led by the business leaders themselves. And more importantly, companies try to change individual behaviors and beliefs without trying to change the underlying practices and structures.
But there is a solution. Organizations that have realized this anomaly and have targeted underlying structures instead of just behaviors have been able to create specific interventions that can create extraordinary growth.
In this episode, Anirvan shares a framework that is exactly based on addressing the underlying structures to create growth. The framework is called PROMISE, where the acronym stands for Professional Development, Rewards and Recognition, Organization Hierarchy and Leadership Styles, Management Systems, Innovation and Critical Thinking, Strategic Future, and Employee Experience.
If you're interested in learning more about how you can improve your M&A integration and create growth for your organization, listen to this episode now.
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Anirvan Sen is the CEO and Founder of Fifth Chrome, a business strategy advisory and training company specializing in M&A Integration and business growth.
Anirvan has experience across the full M&A life-cycle starting from business strategy, deal origination, due diligence, closing and post-acquisition integration. He has a strong record of advising senior business leaders on growth, M&A, and transformation initiatives. He has mentored and trained 300+ professionals, and worked in 70+ countries across the globe. His clients include General Electric, Stryker, AkzoNobel, Coca-Cola, Kuehne + Nagel, Philips, and ManpowerGroup, as well as small and medium-sized enterprises, investment firms, and private equities.
Anirvan is an experienced M&A thought leader who has authored 3 books and is the host of a podcast on “Stories on M&A” by Fifth Chrome Business Insights. Additionally, Fifth Chrome offers integration design scorecards, online M&A integration training, and industry insights research on people and culture-related aspects of M&A.
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Hosted by Anirvan Sen, CEO of Fifth Chrome, and Anahita Sen, Co-Facilitator of Fifth Chrome Podcasts
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This interview is part of a series run by Fifth Chrome, an business strategy advisory, and training company specializing in M&A, Integration, and Business Transformations.
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References mentioned: • PROMISE framework
