The fact is, mergers and acquisitions are one route to corporate growth. And there is a common set of “growing pains” brought about by mergers. When you see these problems developing, you should not take that as clear evidence that the merger is being mishandled by people at the top.
These are predictable problems. They can be found in practically every merger—whether the situation is out of control, or whether it is actually being managed well by top-level executives.
If a company wants to grow through mergers and acquisitions, it’s not a painless process. But then, when you stop to think about it, growth almost never is.
Growth through mergers and acquisitions might be compared to the situation where a husband and wife decide they want to “grow” a family by having a baby.
When the infant arrives,