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Acquiring an opportunity When the company you acquire has better ideas than your firm’s, you have to remain open to change and be willing to learn.
A cquisitions help companies in many ways. They enable access to the professional talent, revenue, and market share that would not otherwise be readily available. Acquisitions also provide insight into new and potentially better ways of doing things. The challenge with the latter is being open to change and leveraging what is learned without compromising workplace culture in the process.
Paul Greenhagen FIRM FOUNDATION
acquisition that some of the standards of practice were different between our company and the “When considering companies for acquisition, it is important to look for those with similar cultures. When cultures are not aligned, the potential for success greatly diminishes.”
When considering companies for acquisition, it is important to look for those with similar cultures. When cultures are not aligned, the potential for success greatly diminishes. A company’s culture is who they are as an organization, which includes their standards of practice. It is difficult to anticipate how these standards will differ between merging companies until the acquisition is complete. In a few of the acquisitions Westwood has made, we’ve discovered post-
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