Expert Perspective by Grahall’s OmniMedia Editorial Board
In her article for Consulting Magazine, “The Making of a Mega: The New $3.5B Towers Watson & Co.” Jess Scheer says: “Last month, the boards of directors of both firms unanimously approved a definitive agreement under which Towers Perrin and Watson Wyatt will combine in a merger of equals to form a new, publicly listed company called Towers Watson & Co.”
Certainly these two giants of HR consulting will combine to create a behemoth, with as much as $3.5 billion in revenues. And there have been several articles and many professionals quoted (Grahall included) commenting on the challenges of such a merger.
Continue reading “Once they are Mega will Bigga be Betta?” »
Expert Perspective by Grahall’s Arlene Brewster, Ph.D.
Why do some mergers succeed and others fail? One of the most important factors behind the success of a merger is the compatibility of the merging companies’ cultures. It is the clash of company cultures that often leads to a failed merger. We are hoping that the Watson and Towers management teams have taken a page from their own merger consulting handbook and recognize the importance of creating, communicating and reinforcing an effective and homogeneous culture for the merged entity.
Continue reading “Without culture… society … is but a jungle (Albert Camus)” »