Ten Thousand Coffees’ Post

Navigating Mergers: A Guide to Fostering Shared Organisational Goals Merging organisations isn't just a structural change, it's a cultural revolution. In this insightful piece by Andrew Dawson on Forbes, "How To Foster A Shared Purpose After A Merger Or Acquisition," the spotlight is on six transformative strategies to help unite and energise your workforce. From forming dedicated teams to embracing continuous improvement, this list is crucial for leaders navigating post-M&A waters: https://loom.ly/s-kzqLQ #Leadership #MergersAndAcquisitions #BusinessTransformation

M&A activities have lots of spinning plates. They also involve humans. We pride ourselves on our experiences leading up to sale or purchase and integrating companies post M&A to make the experiences of those involved a little bit better. When it’s overwhelming and chaotic, we can say “it’ll get better” and mean it because we know it does. #mergersandacquisitions #leadershipmindset #showingup

Successfully merging company cultures is pivotal for any merger's success. 🌟 Our latest blog post sheds light on how to build a new, unified company culture post-merger. In this post, you’ll learn about: 😀 Integrating diverse teams 😀Aligning organisational values 😀Creating a collaborative and inclusive environment 😀Practical steps for smooth cultural transitions Explore the full article and turn your challenges into growth opportunities: https://lnkd.in/eTUAVqfR #CompanyCulture #Merger #Leadership #OrganizationalDevelopment #BusinessStrategy

Building trust during a merger is crucial for smooth transitions and team cohesion. Discover how to create a supportive environment and foster trust in times of change. Understanding the Challenge: Mergers often bring uncertainty and fear, leading to distrust among employees. Addressing these emotions head-on is essential to ensuring a successful integration and maintaining morale. Emma’s Approach: Emma, a manager at a company undergoing a merger, noticed that her team felt uncertain and distrustful of the new management. To build trust, she focused on creating a supportive environment and fostering open communication. Here’s how she did it: Open Dialogue: Emma initiated regular meetings where team members could express their concerns and ask questions. She ensured transparency about the merger process and its implications. Consistent Communication: She maintained consistent communication, providing updates and addressing any rumors promptly. This helped to reduce uncertainty and build trust. Inclusive Decision-Making: Emma involved her team in decision-making processes related to their work, making them feel valued and heard. Support Networks: She established support networks within the team, pairing employees from both companies to encourage collaboration and mutual support. Empathy and Understanding: Emma demonstrated empathy by acknowledging the challenges and emotions her team was experiencing. She made herself available for one-on-one discussions, offering support and reassurance. Outcome: Through her efforts, Emma was able to build a foundation of trust within her team. The open dialogue and consistent communication helped to alleviate fears, while inclusive decision-making and support networks fostered a sense of belonging and collaboration. As a result, the team navigated the merger more smoothly, maintaining productivity and morale. Conclusion: Trust is the cornerstone of successful change management, especially during a merger. By prioritizing open communication and empathy, leaders can build trust and support their teams through challenging transitions. Learn more about fostering trust and effective change management strategies in Vanessa Auditore’s Mastering the Psychology of Organisational Change. Discover More and Purchase Your Copy Today https://buff.ly/3A2ts34 #ChangeManagement #Leadership #OrganisationalPsychology #PeopleCentredChange #VanessaAuditore #BusinessSuccess #LeadershipDevelopment #HR #ChangeStrategy #OrganisationalChange #BuildingTrust

🗯️ “The lack of culture integration will create a fragmented team. And it's that lack of cohesion that creates silos and reduces velocity in organizations. The very goal that you're after for bringing people together to create the synergy of an acquisition ends up being what's pulling people apart. So I would definitely, in the next [acquisition], double down on getting that part right first.” - Alim A. Dhanji , Chief People Officer & EVP, Equinox Group With M&A activity soaring and companies constantly evolving, there’s a hidden threat: culture clash. The good news? It doesn't have to be your reality. ➡️ https://hubs.ly/Q02L8p2Q0 #cultureintegration #10KC #businesstransformation

When it comes to transformational changes, Mergers and acquisitions, Re-orgs, Restructuring organizations oftenl focus is mainly on: - New digital technologies - Artificial intelligence - The legal stuff -Applications of machine learning But what about: - Creating a culture conducive to change - Promoting a flexible mindset in the workforce - Emphasizing the importance of adaptability - An organization’s capacity to absorb transformational change? Are leaders prepared to take the point of transformation? Do employees have the mindset and agility to dedicate themselves to a whole new approach to work? Employees worry about how the new culture impacts their roles, relationships, and even job security. As a result, productivity and morale take place during this transitional period. Well, to create a culture of employee engagement there are many ways to shape an organizational culture by allowing employees to utilize their strengths, create trust between senior leaders and employees, and create tasks that challenge and interest employees. Employee engagement is a key component of any successful company culture. When aiming to develop your culture, teaming up with unsiloed can significantly accelerate the process. By working together seamlessly, we can improve communication, foster collaboration, and nurture a unified vision. Our power goes beyond operational efficiency. We foster an environment of mutual respect, collective decision-making, and shared accountability. This guides the transformation from mere “intention” to actionable “implementation”. What steps is your organization taking to foster cultural transformation? #CulturalTransformation #UnsiloedTeams #OrganizationalChange #Leadership #Teamwork 

For leaders, a merger or acquisition is often the exciting culmination of many months of hard work. For employees, it’s a different story. Recent research from Culture Amp shows how the employee experience can be impacted by M&As. Top insights include: ➡️ Both mergers and acquisitions impact decision-making, alignment, and motivation, highlighting the need for inclusive change management ➡️ Acquisitions can lead to lower employee commitment, confidence, and pride, highlighting the importance of transparent communication ➡️ Effective change management can buffer against negative impacts, showcasing the value of pre- and post-change surveys for ongoing employee engagement With 15+ years' experience in change management, Promentor can help your company navigate an M&A with minimal impact on employees. Connect with us on the website for more information. To read the Culture Amp research, visit here: https://lnkd.in/gk3rU8yF #MergersAndAcquisitions #ChangeManagement #CompanyCulture

Happy Staff, Happy Life! Has your team/organisation gone through an Organisational Change: Restructuring, Downsizing, Upsizing, Merger or Acquisition? Organisations operate in a constantly changing environment. Raising staff morale and keeping it high post organisational change can be an uphill task and might require expert external input. Raising staff morale requires a combination of strategies aimed at addressing various aspects of the work environment and employee experience. We have various effective ways to boost morale among your team. One way is to Promote Social Connections through team-building activities like Away Days, Executive Retreats, Collaborative Projects, Facilitated Development sessions, Team Lunches. To create an environment where employees feel motivated, engaged and valued, leading to higher morale and overall satisfaction within the organisation, get in touch with Blé Global. Blé Global – Empowering organisations for sustained success. #Change #Merger #Acquisition #restructuring #downsizing #upsizing #OrganisationalDevelopment #happy #staff

🤝 Cultural Clash – What Makes or Breaks M&A 🤝 A specific list of questions to evaluate the culture of a company 👇 Over 50% of mergers fail to reach their goals and culture issues have been reported as a primary factor in these deal failures. When two organizations merge or one acquires the other, they are 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥𝐥𝐲 𝐛𝐥𝐞𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬, 𝐩𝐞𝐨𝐩𝐥𝐞, 𝐚𝐧𝐝 𝐰𝐚𝐲𝐬 𝐨𝐟 𝐝𝐨𝐢𝐧𝐠 𝐭𝐡𝐢𝐧𝐠𝐬. If the cultures of these organizations are very different, it leads to clashes. Here are some guiding questions on how you can assess and select the right cultural fit for your M&A deal: > 𝐕𝐢𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐕𝐚𝐥𝐮𝐞𝐬: How are these company's values communicated and reinforced among employees? > 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐚𝐧𝐝 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐌𝐚𝐤𝐢𝐧𝐠: How would you describe the leadership style of the senior management team? > 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧: How does the company communicate important information to employees? > 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐌𝐨𝐫𝐚𝐥𝐞: How does the company measure employee satisfaction and engagement? > 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: What is the company's approach to feedback and performance reviews? > 𝐓𝐞𝐚𝐦 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: How do teams collaborate and communicate across different departments? > 𝐖𝐨𝐫𝐤-𝐋𝐢𝐟𝐞 𝐁𝐚𝐥𝐚𝐧𝐜𝐞: What is the company's stance on work-life balance? > 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐑𝐞𝐰𝐚𝐫𝐝𝐬: How does the company recognize and reward outstanding performance? > 𝐂𝐨𝐧𝐟𝐥𝐢𝐜𝐭 𝐑𝐞𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧: How does the company handle conflicts or disagreements among employees? > 𝐂𝐡𝐚𝐧𝐠𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: sHow has the company managed significant changes in the past, such as restructuring or leadership transitions? > 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐓𝐮𝐫𝐧𝐨𝐯𝐞𝐫: What are the primary reasons employees leave the company? While strategy often takes the spotlight, culture is the driving force that determines the M&A's success. How do you think organizations can effectively bridge cultural gaps during M&A to ensure success? 💭 #MergersAndAcquisitions #CompanyCulture #BusinessSuccess #Engagement #CultureClash

Understanding Changes in the Company: How to Explain and Engage Employees 🔄👥 Changes in the workplace – from new leadership to mergers and acquisitions – always occur. However, studies show that many employees don't understand why this happens. This can harm a company seeking to implement changes. When employees don't comprehend the reasons, it can lead to resistance. Leaders should spend time explaining changes, offering an inspiring vision of the future, providing regular updates, and delegating responsibility for changes. It's also crucial to find creative methods to engage employees. 🚀 Business Process "Understanding Changes": 1. Identification of Changes: - Determining sources of changes, including new leadership, mergers, and acquisitions. 2. Employee Relationship Analysis: - Conducting research to assess employees' understanding of the reasons behind changes. 3. Development of Communication Strategy: - Creating a communication plan to explain the reasons for changes and offer an inspiring future. 4. Regular Updates: - Organizing periodic updates to maintain transparency and timely information. 5. Delegation of Responsibilities: - Assigning responsibility for leading changes to managers and leaders. 6. Creative Engagement Methods: - Implementing innovative methods to engage employees in the change process. 7. Monitoring and Evaluation: - Continuous monitoring and evaluation of the effectiveness of the business process, adjusting as needed. #BusinessStrategy #CompanyCulture #ChangeLeadership #WorkplaceTransformation