#61 — How NOT to Screw Up that Acquisition You Just Made, or Want to Make - Nicola Fowkes

Nicola Fowkes, General Manager of Operations at #EdventureCo, shares💡 the best way to merge teams 🎳 and manage people in an acquisition 🤝, and the mistakes leaders tend to make.

Buying a business is more than just buying earnings 💰 and customers. You need to consider the intangible asset – the people 👨‍💼

If you’ve just acquired a business, it’s easy to shuffle organisational structures and cull teams to save money 💵

But be careful 🚨 if you want to truly derive value from your purchase.

And if you don’t get buy-in from your people, any change management plans you have will likely fail 📉

In this episode, Sean interviews 🎙 Nicola Fowkes who has over 2 decades of experience in executive leadership 👩‍💼 and in particular in People 👤 and Performance functions 👨🏻‍💻 and knows first-hand having onboarded and integrated many acquisitions the mistakes ❌ leaders often make in relation to people when buying that business 🏢

She tells it like it is, drawing experience from years of successfully steering growth 📈 and change processes in different industries such as education 👨‍🏫 and hospitality 🏨


Have a listen to this week’s ScaleUps episode packed with insights on:
00:00 - Intro
04:42 – How HR needs to evolve to have a performance mindset
11:03 – What to look for in a due diligence, in terms of operations and people
19:36 – Why 70% of change management fails
23:07 – How to get buy-in to your change agenda post-acquisition
29:33 – The must-dos of onboarding people once you own the business

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