Integrate Diverse Cultures of Acquired Businesses

Challenge:

Create Process to Integrate Diverse Cultures of Acquired Businesses

A $200-million holding company needed a performance management process to integrate the divergent cultures and business strategies of three recently acquired businesses.

Solution:

Establish Common Platform for Goal-Setting & Performance Management

Working closely with senior management of the corporation and its acquired businesses, The Chatfield Group developed a customized goal-setting and performance appraisal system for the holding company that included management training as well as coaching in performance management.

To help build a common culture, The Chatfield Group facilitated a shared values discussion across all levels of the three acquired businesses.

Tags: #OrganizationalChange