One of the most common misconceptions about M&A integration is that it’s a strategy.
This is a fatal mistake.
Because you can acquire a company without having any sort of strategy.
And, if you try to wrap your strategy around a merge, it will most likely fail.
Why?
Because it’s important to walk away from an M&A plan when it won’t help your business grow. When you think you need an M&A integration at all costs, you lose your sense of judgment.
And this neediness destroys even the best plans.
In today’s episode, Jason Price, CFO of the Hilmar Cheese Company, shares the solution. Plus, he reveals 3 questions to determine if an M&A integration fits into your strategy, the cognitive biases which force bad strategic decisions, and how your management team can protect you from them.
Listen now!
Show highlights include:
- 3 steps to find out if acquiring a company is going to grow your business (or if you’re better off without it) (2:24)
- Why M&A only works for businesses that don’t need it (4:10)
- Warren Buffet’s “Margin of Safety” rule to spot lucrative investments (without worrying about strategy) (5:15)
- How cognitive biases prime you for business-wrecking investments (and how your team can protect you from them) (11:17)
- 5 daily questions to help you navigate your agribusiness in turbulent times (23:18)
