Is your Florida company considering a strategic merger or acquisition? Whether your business is purchasing another or being purchased by a different company, there are some concrete steps that must be taken in order to ensure success in this type of venture. Certainly this will require very detailed contracts and financial plans but there is more to it than that. Your business is made up of people and it is essential that people are taken care of properly through this type of process.
Forbes explains that giving attention to company culture should be a top priority among merging business leaders. This may need to start with carefully evaluating the cultures of the two companies prior to the merger and then identifying a desired joint culture and the associated values that should be lived by all employees. This will include how people treat each other and how they treat your clients or customers as well.
Some efforts may feel small like making sure all office spaces look like a family to send the message to all employees that they are part of one unit now. It could include organizing a company-wide community service event. There is tremendous power in bringing people together for a common cause, especially one that is for the good of those less fortunate.
If you would like to learn more about how to create success when approaching a merger or acquisition, please feel free to visit the company merger and acquisitions page of our Florida business law website.