Culture fit is one of the most important predictors of success in mergers and acquisitions. An acquisition is not just about systems and synergy, but above all about people. If employees do not identify with the new organizational culture, they disengage – literally or figuratively. And leaders who hold different views on how to collaborate slow down decision-making and execution.
According to Harvard Business Review, up to 70% of acquisitions fail to realize their intended value. In more than half of these cases, this is due to cultural differences that are recognized too late or not at all. Culture fit therefore determines whether a great deal on paper actually becomes reality.