Smarter Cultural Diligence & Acquisition Integration, with Levi Nieminen
hosted by: David Mariano, Director and head
of the firm’s Buy-Side advisory practice
Smarter Cultural Diligence & Acquisition Integration, with Levi Nieminen
When you consider the risks of acquisitions, integration (more specifically, integration of cultures) often rises to the top. In this discussion we cover how you can incorporate cultural diligence into your acquisition process, including how to measure and assess the culture of an acquisition candidate.
Our guest today is Levi Nieminen, a Senior Consultant and Director of Research & Development with Denison Consulting. Levi and David discuss M&A cultural integration, why companies get it wrong and what you can do differently.
Key questions in this episode:
* How should culture be incorporated into the M&A process?
* How does a business owner go about collecting and measuring data to use for cultural diligence and integration?
* Is it possible to collect cultural information on a company that doesn’t have a strong internet presence (at 10:27)?
* Are employee survey tools accurate?
* An example of different models of cultural integration (at 20:45).
* What are some of the best practices for integration over time?
Key points in this episode:
* The importance of knowing what dialogue you need to create around cultural diligence.
* What it really means to “look at culture early.”
* How to gauge the information you’re collecting.
* Why the assessment of yourself as the buyer is just as important.
* Why it’s necessary to know and to communicate your integration model and strategy.
* How to manage the truth versus rumors (at 27:20).
Resources mentioned in this podcast
* Click here for access to training and templates
* Click here for Denison Consulting’s M&A Resources
* Levi Nieminen’s LinkedIn profile
* Joining Forces: Making One Plus One Equal Three in Mergers, Acquisitions, and Alliances, by Mitchell Lee Marks and Philip Mirvis
* Click here to explore GlassDoor.com
* Click here to explore Indeed.com
Listen to Fully Invested below: