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Integrating Culture In Successful Ria Mergers And Acquisitions


Integrating Culture In Successful Ria Mergers And Acquisitions
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Integrating Culture In Successful Ria Mergers And Acquisitions


Integrating Culture In Successful Ria Mergers And Acquisitions
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Author : Greg Friedman
language : en
Publisher: Springer Nature
Release Date : 2021-03-16

Integrating Culture In Successful Ria Mergers And Acquisitions written by Greg Friedman and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-16 with Business & Economics categories.


With organic growth becoming more and more elusive, Mergers and Acquisition (M&A) activity within the RIA industry is at an all-time high. In 2019, RIA merger and acquisition activity accelerated its momentum compared to the halfway point last year, with a strong second quarter that saw 33 deals for a total of 65 for the first six months, according to the DeVoe & Co. Deal Book. While M&As may seem like “easy” growth for firms, the only easy part may be signing on the dotted line. Maintaining success by merging two firms hinges on a handful of key factors, and one of them is the careful integration of culture. In Integrating Culture in Successful RIA Mergers and Acquisitions, Greg Friedman, a veteran financial advisor, and Cynthia Greenfield, a leadership and change management coach, share their blueprint for achieving and maintaining a successful, positive work culture, tackling head-on the obstacles that may appear during an M&A event, and offering solutions based on real-world experiences. This book will show the evolution of a $2B RIA over the course of 10 years, and pull back the covers with real stories of obstacles, adjustments, and victories along the way.



Achieving Post Merger Success


Achieving Post Merger Success
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Author : J. Robert Carleton
language : en
Publisher: John Wiley & Sons
Release Date : 2004-07-16

Achieving Post Merger Success written by J. Robert Carleton and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-07-16 with Business & Economics categories.


“The failure rate of mergers and acquisitions is unreasonable, unacceptable, and unnecessary,” say Claude S. Lineberry and J. Robert Carleton in this much-needed resource, which outlines their unique, proven, and practical process for increasing the success of mergers and acquisitions. Written for all those with a vested interest in the success of the deal—board of directors, executives, managers, employees, and shareholders—and based on years of research and real-world experience, Achieving Post-Merger Success is a down-to-earth guide that gives stakeholders the tools they need to Profile and assess corporate cultures Identify potential or actual culture clash barriers to a merger or acquisition Determine what to do to avoid, minimize, and resolve culture clash Plan for efficient and effective post-merger cultural integration of the two organizations



Socio Cultural Integration In Mergers And Acquisitions


Socio Cultural Integration In Mergers And Acquisitions
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Author : Johanna Raitis
language : en
Publisher: Springer
Release Date : 2018-04-10

Socio Cultural Integration In Mergers And Acquisitions written by Johanna Raitis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-10 with Business & Economics categories.


Taking a fresh and much-needed perspective on the management of international acquisitions, this book focuses on socio-cultural integration, and in particular the importance of emotions and values. The authors build on the human-centric and typically Nordic approach to mergers and acquisitions by presenting rich empirical cases of cross-border acquisitions conducted by leading Nordic multinationals. This book goes beyond merely stating that successful human integration leads to sociocultural convergence and presents how this can actually be accomplished. The authors offer theoretical approaches and practical solutions which have the potential of improving employee motivation and well-being, and in doing so, ultimately enhancing the chances of successful acquisition outcomes. Providing concrete examples of successful practices for managing socio-cultural integration and facilitating employee commitment, this book will appeal to both scholarly and practitioner audiences.



The Hr Practitioner S Guide To Cultural Integration In Mergers Acquisitions


The Hr Practitioner S Guide To Cultural Integration In Mergers Acquisitions
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Author : Klint Kendrick
language : en
Publisher:
Release Date : 2022-01-21

The Hr Practitioner S Guide To Cultural Integration In Mergers Acquisitions written by Klint Kendrick and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-21 with categories.


According to research from Harvard Business School, over 70% of corporate mergers and acquisitions destroy shareholder value. These failed transactions don't just negatively impact the buyer, they impair customers, weaken suppliers, and damage careers. When deals fail, business leaders frequently point to cultural differences as the culprit. Successful M&A requires companies to overcome the culture clashes that naturally arise when two firms come together.The HR Practitioner's Guide to Cultural Integration in Mergers & Acquisitions shows you how to avoid the common pitfalls in M&A, overcoming culture clash and driving deal value. In this step-by-step guide, Dr. Klint Kendrick, who has personally led the HR workstream on scores of deals for companies like Boeing, Oracle, and SC Johnson, provides practical teachings, tools, and techniques to help you understand: - How paying attention to culture creates or destroys deal value- The five key drivers of culture clash and how to spot them before they derail your deal- Three deal-specific questions that will make cultural integration more effective- A powerful method to determine which cultural elements must be attended to first- More than a dozen leading practices for effective cultural integration, allowing you to surmount the twin challenges of employee attrition and decreased productivity Packed with concrete examples and actionable advice, this eagerly awaited follow-up to the best-selling HR Practitioner's Guide to Mergers & Acquisitions Due Diligence helps you identify the root causes of culture clash and overcome them for deal success.



The Financial Advisor M A Guidebook


The Financial Advisor M A Guidebook
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Author : Greg Friedman
language : en
Publisher: Springer
Release Date : 2018-12-19

The Financial Advisor M A Guidebook written by Greg Friedman and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-19 with Business & Economics categories.


With M&As in the RIA space increasing, many firms are rapidly changing hands with little to no expert guidance on how to successfully execute a merger or acquisition. In 2017, a record number of M&A deals closed in the advisor space – 168 transactions, or a 22% growth over 2016. Aside from a fifth straight year of record highs in M&A activity, the size of the acquired firms has also increased, with average acquisitions involving wealth managers exceeding $1.01 billion in assets under management. For many advisors, it only takes a handful of missteps during a merger or acquisition to jeopardize their business, but with so much unknown, advisors need a guidebook for success. A significant and often overlooked component to a successful RIA merger or acquisition is the thoughtful integration of technology. This comprehensive guide walks you through the steps of strategy, assessment, implementation, adoption and growth, all while considering how to best inspire and galvanize a firm’s most valuable asset – its people. Combining the real-life experiences of a life-long financial advisor with the expertise of a 15-year operations director and founder of a large RIA ops network, this book takes real M&A experiences of the financial services industry and offers best practices, tools and resources to help advisors make smart decisions about technology integration that elevates the firm’s goals and solidifies its future success.



Successful Mergers Acquisitions And Strategic Alliances


Successful Mergers Acquisitions And Strategic Alliances
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Author : Charles Gancel
language : en
Publisher: McGraw Hill Professional
Release Date : 2002

Successful Mergers Acquisitions And Strategic Alliances written by Charles Gancel and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


This book aims to help readers: set out a strategy for their change / integration process; significantly reduce the change / integration cycle time; better manage the emotional dimension of such events thus reducing the number of internal conflicts; reassure key people more rapidly and thus help keep the best talent inside the company.



Strategic Alliances Mergers And Acquisitions


Strategic Alliances Mergers And Acquisitions
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Author : J. M. Ulijn
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010-01-01

Strategic Alliances Mergers And Acquisitions written by J. M. Ulijn and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-01 with Business & Economics categories.


Organizational flirts and marriages alliances, mergers and acquisitions are dramatic examples of how soft cultures can produce hard facts of success or failure. Decisions born from human vanity can lead to destruction of human capital. The chapters selected by Ulijn, Duysters and Meijer illustrate the many facets of organizational family life for the scholar and, hopefully, for the decision-maker who considers another move. Geert Hofstede, author of Culture s Consequences This unique book focuses on the link between different types of culture (national, corporate, professional) and the success of strategic alliances, mergers and acquisitions. Over the past decades we have seen a significant increase in the number of strategic alliances, mergers and acquisitions. Despite this proliferation many recent studies have reported high failure rates. This failure is often attributed to cultural differences between partners, which has led to a growing body of literature on the subject. To date, most of these studies have focused on national and corporate culture, whereas this book also places particular emphasis on the importance of culture at the professional level. The authors clearly show that all three levels of culture may have a profound impact upon the ultimate success or failure of alliances, mergers and acquisitions. Researchers in the field of international business, strategic management, and strategic alliances, mergers and acquisitions will find this book to be of invaluable interest. Managers in multinational corporations and international business students should also not be without this important resource.



The Role Of Culture In Post Merger Performance


The Role Of Culture In Post Merger Performance
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Author :
language : en
Publisher:
Release Date : 2012

The Role Of Culture In Post Merger Performance written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Consolidation and merger of corporations categories.




Managing Culture Clashes In M A S


Managing Culture Clashes In M A S
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Author : Anna Laeser
language : en
Publisher: Anchor Academic Publishing (aap_verlag)
Release Date : 2014-02-01

Managing Culture Clashes In M A S written by Anna Laeser and has been published by Anchor Academic Publishing (aap_verlag) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-01 with Business & Economics categories.


Merger and acquisition activities have become an integral part of today’s business world. They are considered as strategic component to gain market shares and extend product portfolios. Still, these transactions have a huge impact on an organization. This paper looks specifically at the M&A impact on company culture. Based on an analysis of identified key elements, which drive a M&A process, a cultural integration toolkit will be developed to solve identified cultural problems. Secondary data serves as source data for an inductive approach. Cultural problems and key drivers will be identified based on systematic research. The implantation of these key drivers in existing integration models will be further studied. Findings prove that not all of the identified key drivers are implemented in the models. Therefore, existing models solve the identified cultural problems semi-efficient. This leaves the need for a basic integration tool, which implements all key drivers, serves as guideline through an M&A process and provides specific instruments for realization of single steps. This paper develops such a basic integration toolkit in chapter five. The toolkit meets all these requirements and proves that ‘managing culture clashes in M&A’s’ is possible.



Evaluating The Effects Of Organizational Culture On Post Merger Integration


Evaluating The Effects Of Organizational Culture On Post Merger Integration
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Author : John M. Rose
language : en
Publisher:
Release Date : 2023

Evaluating The Effects Of Organizational Culture On Post Merger Integration written by John M. Rose and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with Consolidation and merger of corporations categories.


This doctoral research project examines the impact of organizational culture on post-merger integration in the travel and travel services industry for acquisitions valued under 5 billion dollars. The study uses a mixed-method research approach to determine whether culture plays a critical role in the success or failure of M&A deals. The research focuses on 50 M&A transactions that occurred between three and five years ago at the time of the study. Participants from both sides of the transactions completed an integration outcomes survey, reporting on financial, cultural, and overall success. In addition, each side had five participants who completed the Organizational Cultural Assessment Instrument (OCAI), and six individuals were interviewed (three from each side) regarding the three most successful and three least successful transactions. The study's findings shed light on key factors impacting the integration process. The OCAI results revealed that, on average, acquired companies exhibited a more clan-like culture, while acquiring companies tended to be hierarchies. In addition, cultural similarities between merging companies did not significantly influence their success. The interviews emphasized the importance of addressing cultural differences between merging institutions, involving founders in the integration process, engaging employees, and understanding the acquired company's business. These findings have practical implications for executives involved in M&A activities, guiding how to facilitate successful integration. Organizations can increase the likelihood of a successful merger or acquisition by identifying potential cultural conflicts early on and taking appropriate steps to mitigate their impact.