Westpac Bank and Challenge Bank: A Whole Brain® Thinking System Yields Mergers & Acquisitions Success
Organizations need to find new ways of thinking if they are to be adaptive and successful in a world of unprecedented change. Current approaches to major organizational change are inadequate and fail to capitalize on the knowledge and wisdom of their people. Research has shown that activities such as mergers and acquisitions (M&A), restructuring and new ventures often fail to achieve their intended benefits.
In many cases, mergers and acquisitions (M&A) and restructurings fail to achieve their intended benefits because they can inadvertently diminish the intellectual capital of the business. Workforce reductions deplete internal organizational knowledge, morale problems lead to a decrease in motivation, and the ideas and knowledge of the people are often undervalued. This case study of the merger of two Australian banks outlines how a merger can yield outstanding results when the Whole Brain® Thinking System is applied.
Are you looking beyond employee assessments to drive business results?