Livemint Staff engagement, cultural fit top HR factors in India: M&A study Livemint The study titled Making M&A Successful in India, which surveyed 42 companies that have made acquisitions in the recent past, revealed that 82% of Indian...
Scooped by
Billy R Bennett
onto Align People June 13, 2013 2:00 AM
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Do Too Many M&A Projects Fail?
50% of 123 companies - reporting in a survey by Aon Hewitt - "failed to achieved the objectives they set out for acquiring a company"
And what was the main reason: A "lack of cultural alignment"
However, perhaps we could take a moment to look at the differences in the playbooks of different acquistion cultures.
According to the article, Western organizations define M&A success as talent retention and enhanced productivity. Meanwhile Indian companies focus on different success measures: Employee engagement and cultural alignment. I am sure that paints both cultures with too broad a brush--- but the difference in focus is strking.
There are some great examples in here of Indian organizations taking care to both respect the culture they are acquiring... and introduce Indian culture as well.
Once more we see that fast aligment is important - and only possible with respectful and enlightened engagement.
We would love to hear your experiences
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