How to Manage When Business Cultures Collide

Different ownership models (entrepreneurial, publicly-traded, family-owned, state-owned) have huge implications for corporate culture, strategy and purpose). This can lead to friction when ownership models transition or get blended. The WSJ reports that “private-equity firms are joining family businesses” as part of the founders’ succession planning. Understanding the reality and power of corporate culture and a commitment to building strong relationships are critical to making the transition work. In fact, the ability to adjust to and move between corporate cultures is a critical part of the modern manager’s toolkit.