Mergers are about integration. They aren’t about finding the right partner or navigating the complexity of the transaction, although these can be tricky in their own right. Most mergers fail due to a lack of integration post-merger.
Companies hold on to their individual identities too long and miss the opportunity to quickly create a unified future. This can be a real problem, as energy gets wasted, some of the best employees leave, and competitors happily cherry-pick loyal customers.
Coming Together: Using EOS for Seamless Integration
The key to a successful merger is bringing together the minds and hearts of the leadership team as soon as possible. The Entrepreneurial Operating System® (EOS) is a great tool for this, providing a framework that helps leadership teams define the future of the organization, articulate core values, and set those as the expectations for the new company.
EOS helps define these values, which are what the best people in most companies naturally live by. The Function Ownership Chart™ can play a pivotal role here by clearly outlining roles and…