Symantec is getting rid of 30-40% of its managers — here's why Financial Post Symantec has languished for quite some time because we weren't structured in a way that allowed for us to implement a new strategy, have the right organization in place...
Scooped by
Billy R Bennett
onto Align People July 5, 2013 1:05 AM
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Are your mergers blocking your alignment?
This is a good peek into what is usually a gut-wrenching is most organizaitons. I am sure there are at least a few "tweeks" in this one as well. Here are the high points:
Acquisitions with little integration...
According to CEO Bennett (no relation) Symantec had made a number of acquisitions - but "never made the tough decisions to align the expense structure to the revenue opportunity."
Translation: Symantec leadership did as many companies did in the last 20 years - acquire and move on. As a result Symantec brought nothing to the marriage except money. Not a great basis for a relationship. There is only one thing worse - conducting cost down activities only focused on cost reduction - not value creation.
And block progress...
What was the result: "we weren’t structured in a way that allowed for us to implement a new strategy, have the right organization in place and achieve the goals"
Translation: Symantec was stuck in neutral. Most likely they tossed strategies out to the organization and never looked back to see if anyone was following. Of course since little real integration took place few were following.
So how are they reducing 30-40% of management? By doing what should have been done long ago. Bringing value to the marriage by blending talents , processes, combining the ideas of people across the organization in ways to create new value from the combination. The main aim to open the organization to alignment potential... Simplify work while you simplify structure. Easier said than done.
Lesson: Attaching is not integrating. Bring value to the relationship or you will never align people to success.
By Billy Bennett
www.pyramidodi.com