Over the past 12 years we have worked with Praxis on many assignments, and over that time they have moved from my consultant to my business partner.
Culture
M&A Culture Integration
Culture integration is an issue of major importance when organizations or units within organizations are merged or acquired.
In fact, failure to successfully integrate the cultures of two joined organizations or units is the reason often given as the cause of the high rate of failure of mergers to yield the expected performance outcomes that prompted the merger in the first place.It is challenging to bring people together from two or more cultures in a way that minimizes people’s sense of loss with regard to their original culture and focuses them on shaping and actively engaging the new culture.
Praxis provides a range of services related to cultural integration in M & A situations including:
- Assessments of the current culture of either or both organizations
- Collaboration with the Senior Leadership team or Integration Team to design and implement a comprehensive culture integration strategy
- Customized Leadership Development programs to provide individuals with the leadership skills and competencies needed to support the culture and and succeed in the new organization
- Consultation regarding employee communications throughout the Merger or Acquisition process

