Transformation comes in many forms – acquisitions, mergers, geographical expansion, as well as change programmes that are driven from within. Beyond the hard numbers of the business plan, each will need careful management if the transformation is to be permanent. And at the heart of that careful management are your people.
According to the Economist, up to 80% of all mergers & acquisitions are considered financially unsuccessful in the short or mid term, one main reason being poor handling of cultural aspects in due diligence and the integration management.
Gandhi was quoted as saying we should: “Be the change we wish to see in the world.” But how can you ‘be the change’ if you don’t know how? Being a leader means equipping your team to be that change – whether that means working with new partners, colleagues or cultures – and any effective preparation requires insight.