Excerpt: Navigating an Acquisition as a Chief People Officer
4. What are best practices for building a shared culture between the two orgs?
Ask for stories about the founding and creation of the other company and develop an appreciation for their history. Stories are the threads that weave that culture throughout the organization. Start helping to retell their stories to give the acquired company the sense that it’s valued and heard. Before any 1-1, ask the person to tell a story they love about how their organization was founded or how your culture was formed.
Do a cross-walk of the two sets of company values. Put them next to each other on a page and look at where there may be a 1-1, or how they translate. Alternatively, where can you learn cultural elements from the other company.
Develop a shared narrative going forward, co-created with the other company’s People team. This is to speak to the employees at both companies, as well as to candidates and customers.