The people side of mergers
Most M&As are a mixture of planning and chaos. Have you noticed, however, that those involved, looking back once the dust has settled, often forget the chaotic bits, and tell the story as if it all went according to plan in the end.
In reality, integration plans are constantly changed in order to take advantage of unforeseen opportunities or problems. Synergies which rely on people changing their behavior and ways of working often prove to be much harder than expected to realise in practice. And the challenge for leaders tackling M&As is that most of the synergies they need to bank