Mergers and Acquisitions are a quintessential element of enterprise growth in the 21st century. To remain competitive and continuously achieve high growth, companies find it highly challenging to grow organically alone. Businesses constantly look at opportunities where their company’s limited advantages can be supplemented by advantages of another company and that is why, businesses explore options of combining the advantages through strategic mergers and acquisitions (M&A).
While many companies have adopted M&A as part of their strategy arsenal, several of them still struggle to successfully merge the operations of the two companies. There are multiple hindrances faced by integration teams during a merger. It includes multi-disciplinary approach with high levels of synchronization and large inter-dependencies, strategy needs to be converted into tactical, measurable and accountable steps, cultural differences are often undermined and there is a huge element of over-confidence on the ability of the team to manage and achieve results.