How should your M&A team work together?
All successful M&A teams have a few key elements in common. First of all, they have clear and defined roles. Each team member knows their role and understands how it fits into the overall project. This helps avoid confusion and duplication of effort.
Another important aspect of successful M&A teams is effective communication. It’s about keeping everyone informed of what’s happening every step of the way. This also means being open to contributions and feedback from all team members. Finally, good communication requires being able to give and receive constructive criticism.
Additionally, successful M&A teams are built on trust. This doesn't mean there aren't disagreements – in fact, healthy debate is essential to ensure all bases are covered – but it does mean team members know they can count on each other to do their jobs well and to support each other.