‘That’s just the way that we do things around here!’ Have you ever joined a new company or team and had that response to a question?
A lack of confrontation, or willingness to challenge ones colleagues, can be the lead weight that holds teams back and prevents them from performing at their true potential. It can also be the cause of much frustration, resentment and an underlying lack of trust within a team.
In a short space of time we have witnessed the banking crisis, phone hacking and MPs expenses scandals. All of these things have brought leadership into sharp focus and led us to ask many questions, of which innovation and VUCA (volatility, uncertainty, complexity and ambiguity) particularly interest me.
There are a wide variety of reasons why mergers and acquisitions fail: flawed intentions behind the merger, deals done with highly rated stock, a fear to acquire before being acquired, gaps in the due diligence or cultural and team challenges.