- This topic has 6 replies, 7 voices, and was last updated 1 week, 6 days ago by
Leah Roderick.
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December 30, 2021 at 10:15 pm #52215
Peggie Chan
ParticipantIn a previous integration, we worked with an external consultant who conducted a detailed Cultural Assessment to support the integration. I’m interested in your recommendations for other Cultural Assessment Tools to support smaller integrations with smaller budgets. Thank you!
December 31, 2021 at 3:20 am #52219Andy Aguiluz
ParticipantGreat topic, Peggie! Interestingly, I’ve found that cultural assessment tools have huge pros and cons themselves. While there is great benefit in understanding culture (and a piece many companies overlook or deprioritize), people can have a negative reaction to being assessed (specially personality and style) and these can create blindspots. It seems like we’ve made progress in recognizing that there’s a human element to take into consideration in m&as, but not sure what the best way to set both companies up for success might be without “categorizing/boxing” their people.
August 18, 2023 at 10:53 pm #84325Helen Mitchell
ParticipantDeloitte provide a fantastic service and tool. Do check out their services.
August 23, 2023 at 2:01 am #84674Eric Kunitake
ParticipantBack in grad school, we were introduced to these folks: http://www.iopt.com/index.php We all took the assessment and were pleasantly surprised with the results. Potential uses may include having key stakeholders take the assessment to better understand the best way to communicate details or gain support for critical decisions. Group assessments are also available. Payment options and much more are available on their website.
August 25, 2023 at 4:15 pm #84832Rachael Bewley
ParticipantI’m curious to hear of anyone who has experience leveraging one of these tools and how they assessed and implemented the results in their integration strategy.
September 10, 2023 at 2:33 pm #85544Max Eager
ParticipantHaving the right tools when conducting the cultural assessment during M&A integrations, regardless of size, is essential. Here are three that I can recommend:
1. Hofstede Insights Cultural Navigator: This tool is based on Geert Hofstede’s cultural dimensions theory. It allows a detailed comparison of deep-level values between two or more cultures.
2. Culture Amp: This is an excellent platform that simplifies the collection, understanding, and actioning of employee feedback to better align with the merging cultures, which can be particularly helpful in M&A situations.
3. The GlobeSmart Profile: This is a web tool that helps you quickly understand how your cultural preferences, and the preferences of others, align with work-related behaviors.
September 16, 2023 at 7:14 pm #86061Leah Roderick
ParticipantGreat tools Max, thanks for sharing! A thorough, yet balanced cultural assessment is key to successful acquisitions, since without cultural synergy a deal does not really make sense financially or strategically.
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