Ask 100 different people what their company’s culture is, and you’ll get 100 different answers. The responses run the gamut, from how communication flows throughout the organization, to flexible work styles and locations, to performance and reward incentives, to clearly defined career pathing opportunities, and many more.
In a merger or acquisition situation, culture clashes have to be eliminated well before the deal is done. Otherwise, the enterprise runs a great risk of losing its most valuable and high-performing talent.
During this podcast, John Luce, head of KPMG’s People Strategy practice, and Jeremy Hof, a director in People Strategy, sat down with Joe DeProspero to discuss:
- the people and non-people aspects of culture, and why they’re equally important
- why cultural assimilation, rather than cultural integration, is key to gaining strong employee commitment
- the largest challenges organizations face when assimilating cultures in a merger or acquisition scenario.