Dr. Byron Clayton of Case Western Reserve University studied and analyzed the success of corporate mergers and acquisitions.
The results show that 80% of mergers and acquisitions fail or don't achieve their goals.
Clayton found that a shared vision and the motivation of key employees of both organizations that come together was critical to success.
A shared vision is important for 4 reasons:
1. It makes us feel confident and empowers our commitment.
2. It helps us open our minds to new challenges.
3. Gives us the energy we need to start a new project and reduces stress.
4. It unites us all to follow the same goal.
In most cases, the power struggle and the investment of time and money to maintain old habits of one company or another is a waste of useless energy that leads to the failure of the new company.
Have you ever experienced the merger of two companies? Tell me about your experience.