A seasoned executive, Jeff Quade possesses expertise in business renewal, team development, and mergers and acquisitions. While working with the LGE Execs consulting firm, Jeff Quade co-hosted a roundtable discussion for businesses with the potential of future acquisition or that were preparing for the process.
One of the major concerns during an acquisition must be the effect that the process will have on the culture and environment of both companies. Unfortunately, the senior management of the acquired company generally has a high turnover rate. If the acquiring company cannot retain the most talented minds of the acquired company, the whole transaction is largely rendered moot, as employees remain a company’s most valuable resource. The two firms should have similar or complementary cultures, otherwise the acquisition could potentially end poorly. In addition, companies must ensure that the acquisition does not become a distraction, especially for managers who may lose sight of their actual goals. Managers must consistently look back to the factors that led to the firm’s success and maintain them diligently.