In a new white paper, consulting firm Jabian identifies “11 Traps of M&A”. Describing the M&A journey as “a rollercoaster ride of highs and lows”, Jabian lists traps such as:
- Emotional attachment to the deal
- ‘Deal Team’ vanishes leaving PhD-level docs behind
- Poor communication leads to confusion, dissension and rumors
For each trap, they suggest keys to success. To be successful with communication, Jabian advises: “Communicate early, often and honestly. It is ok to communicate to your organization that you are still figuring out a plan. That is better than the rumour tree making up your plan for you.”
The white paper also details the results of a survey Jabian conducted with 159 North American M&A professionals. 81% of executives surveyed said culture is the most important factor to an integration team working to combine two organizations.
Download the white paper on Jabian’s web site.