{"id":277834,"date":"2025-09-11T11:30:26","date_gmt":"2025-09-11T09:30:26","guid":{"rendered":"https:\/\/www.pphr.dk\/?p=277834"},"modified":"2026-09-14T13:02:23","modified_gmt":"2026-09-14T11:02:23","slug":"superiority-doesnt-always-pay-off-part-2-when-1-1-3-rare-success-stories","status":"publish","type":"post","link":"https:\/\/www.pphr.dk\/en\/insights\/superiority-doesnt-always-pay-off-part-2-when-1-1-3-rare-success-stories\/","title":{"rendered":"When 1 + 1 = 3 \u2014 Rare Success Stories"},"content":{"rendered":"\n<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_section\"><div class=\"et_pb_row_0 et_pb_row et_block_row\"><div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><p>In Part 1, we explored why most mergers and acquisitions fail \u2014 often ending in frustration, demotivation, and wasted potential. But not all stories end this way. In some rare cases, mergers create something greater than the sum of their parts. In this second part of our series, we look at what makes these successes possible, and why culture often plays the decisive role.<\/p>\n<p>&nbsp;<\/p>\n<h2>Sources of Synergy<\/h2>\n<p>In even fewer cases, the result of the acquisition comes close to 1 + 1 = 3. Statistics show that this is the case in just five percent of projects. Even so, this goal is surely the initial consideration behind every acquisition.<\/p>\n<p>How do we achieve it? Again, we can pick up on two basic conditions. The point at issue here is choosing a suitable company as the target of the acquisition. If the end result is not just to be a sum of quantities, but also the production of new quality, the integration of the companies must be based on a very creative business strategy. Only in this way can an unexpected competitive edge arise out of the acquisition. A simple rise in the volume of sales, production, or development capacities will not lead to this result. It is necessary to find a connection that will form a unique, hard-to-imitate combination.<\/p>\n<p>Besides a creative business strategy, the human factor also plays a key role in these mergers and acquisitions. Statistics show that almost 80% of failures can be put down to the human factor, mainly incompatible differences in corporate cultures. However, during the initial Due Diligence only slight - or even no - emphasis is placed on this aspect.<\/p>\n<\/div><\/div><div class=\"et_pb_text_1 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><h2>The Role of Culture<\/h2>\n<p>The very few highly successful acquisitions were characterized in the sphere of corporate cultures by connections between the positive or negative result of the acquisition and the size of the difference in corporate cultures. There is no clear definition of the optimum difference in corporate cultures. However, the focus should be placed on the following main areas:<\/p>\n<\/div><\/div><div class=\"dsm_icon_list_0 dsm_icon_list et_pb_module\"><ul class=\"dsm_icon_list_items dsm_icon_list_layout_vertical dsm_icon_list_direction_left\"><li class=\"dsm_icon_list_child_0 dsm_icon_list_child et_pb_module\"><span class=\"dsm_icon_list_wrapper\">\n\t\t\t     <span class=\"dsm_icon_list_icon\" aria-hidden=\"true\"><\/span>\n\t\t\t  <\/span>\n\t\t\t  <span class=\"dsm_icon_list_text\"><div>The decision-making method (autocracy versus consensus)<\/div><\/span>\n\t\t\t<\/li><li class=\"dsm_icon_list_child_1 dsm_icon_list_child et_pb_module\"><span class=\"dsm_icon_list_wrapper\">\n\t\t\t     <span class=\"dsm_icon_list_icon\" aria-hidden=\"true\"><\/span>\n\t\t\t  <\/span>\n\t\t\t  <span class=\"dsm_icon_list_text\"><div>The work method (project versus process)<\/div><\/span>\n\t\t\t<\/li><li class=\"dsm_icon_list_child_2 dsm_icon_list_child et_pb_module\"><span class=\"dsm_icon_list_wrapper\">\n\t\t\t     <span class=\"dsm_icon_list_icon\" aria-hidden=\"true\"><\/span>\n\t\t\t  <\/span>\n\t\t\t  <span class=\"dsm_icon_list_text\"><div>The main orientation (vertical versus horizontal)<\/div><\/span>\n\t\t\t<\/li><li class=\"dsm_icon_list_child_3 dsm_icon_list_child et_pb_module\"><span class=\"dsm_icon_list_wrapper\">\n\t\t\t     <span class=\"dsm_icon_list_icon\" aria-hidden=\"true\"><\/span>\n\t\t\t  <\/span>\n\t\t\t  <span class=\"dsm_icon_list_text\"><div>The location of power (centralized versus decentralized)<\/div><\/span>\n\t\t\t<\/li><li class=\"dsm_icon_list_child_4 dsm_icon_list_child et_pb_module\"><span class=\"dsm_icon_list_wrapper\">\n\t\t\t     <span class=\"dsm_icon_list_icon\" aria-hidden=\"true\"><\/span>\n\t\t\t  <\/span>\n\t\t\t  <span class=\"dsm_icon_list_text\"><div>The remuneration system (acknowledgement versus KPIs)<\/div><\/span>\n\t\t\t<\/li><li class=\"dsm_icon_list_child_5 dsm_icon_list_child et_pb_module\"><span class=\"dsm_icon_list_wrapper\">\n\t\t\t     <span class=\"dsm_icon_list_icon\" aria-hidden=\"true\"><\/span>\n\t\t\t  <\/span>\n\t\t\t  <span class=\"dsm_icon_list_text\"><div>Work with information (broad communication versus selective communication)<\/div><\/span>\n\t\t\t<\/li><li class=\"dsm_icon_list_child_6 dsm_icon_list_child et_pb_module\"><span class=\"dsm_icon_list_wrapper\">\n\t\t\t     <span class=\"dsm_icon_list_icon\" aria-hidden=\"true\"><\/span>\n\t\t\t  <\/span>\n\t\t\t  <span class=\"dsm_icon_list_text\"><div>Problem-solving (action versus analysis)<\/div><\/span>\n\t\t\t<\/li><li class=\"dsm_icon_list_child_7 dsm_icon_list_child et_pb_module\"><span class=\"dsm_icon_list_wrapper\">\n\t\t\t     <span class=\"dsm_icon_list_icon\" aria-hidden=\"true\"><\/span>\n\t\t\t  <\/span>\n\t\t\t  <span class=\"dsm_icon_list_text\"><div>Approach to change (innovation versus optimization)<\/div><\/span>\n\t\t\t<\/li><\/ul><\/div><div class=\"et_pb_text_2 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><p>This list is hardly comprehensive, as it only gives the most frequent conflict areas when two corporate cultures run up against each other. When deciding the scope of differences that could be considered most suitable, it is important to bear in mind two parameters. The first is the size of the differences and the second is the willingness of partners to discuss them openly and exploit them to produce new quality. The equation 1 + 1 = 3 can only arise when the differences are manageable \u2014 and when both entities view those differences as a strength and part of their shared value. A new company will only be as successful as the degree to which it is willing to make conscious use of these differences. This applies especially for an investor or the larger of two partners. Their primary concern should be not just the new market, reduced operating costs, or expanded product lines, but also the exploitation of as much of the intellectual and cultural capital of the other firm as possible.<\/p>\n<\/div><\/div><div class=\"et_pb_text_3 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><h2>The Strong Role of the Lesser Partner<\/h2>\n<p>The last two cases of combining two businesses, i.e. retaining absolute independence or the dominance of the lesser partner, occur fairly infrequently, and together account for about 10% of all acquisitions.<\/p>\n<p>In the first of these two cases, we are looking at a financial investment where the anticipated return is greater than in the case of other investment opportunities. Therefore, the human factor is not so significant here. Even rarer is the situation where the smaller partner plays the dominant role in the new company. These cases are almost exclusively the domain of IT and new economy businesses. In this situation the owners of a traditional or successful company are interested in a quick change, and use the acquisition of a smaller company that precisely represents the target method of business and corporate culture as a working example.<\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_1 et_pb_row et_pb_equal_columns et_block_row\"><div class=\"et_pb_column_1 et_pb_column et_pb_column_1_2 et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_blurb_0 et_pb_blurb et_pb_bg_layout_dark et_pb_text_align_center et_pb_blurb_position_top et_clickable et_pb_module et_block_module\"><div class=\"et_pb_blurb_content\"><div class=\"et_pb_main_blurb_image\"><span class=\"et_pb_image_wrap\"><span class=\"et-pb-icon\">#<\/span><\/span><\/div><div class=\"et_pb_blurb_container\"><h4 class=\"et_pb_module_header\">Read Part 1: Why Most M&As Fail<\/h4><\/div><\/div><\/div><\/div><div class=\"et_pb_column_2 et_pb_column et_pb_column_1_2 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_blurb_1 et_pb_blurb et_pb_bg_layout_dark et_pb_text_align_center et_pb_blurb_position_top et_clickable et_pb_module et_block_module\"><div class=\"et_pb_blurb_content\"><div class=\"et_pb_main_blurb_image\"><span class=\"et_pb_image_wrap\"><span class=\"et-pb-icon\">$<\/span><\/span><\/div><div class=\"et_pb_blurb_container\"><h4 class=\"et_pb_module_header\">Read Part 3: How to Succeed in M&A Integration \u2013 10 Practical Recommendations<\/h4><\/div><\/div><\/div><\/div><\/div><div class=\"et_pb_row_2 et_pb_row et_block_row\"><div class=\"et_pb_column_3 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_blurb_2 et_pb_blurb et_pb_bg_layout_light et_pb_blurb_position_left et_pb_module et_block_module\"><div class=\"et_pb_blurb_content\"><div class=\"et_pb_main_blurb_image\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img decoding=\"async\" src=\"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/Richard-Dobes_web.jpg\" width=\"1000\" height=\"1000\" srcset=\"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/Richard-Dobes_web.jpg 1000w, https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/Richard-Dobes_web-980x980.jpg 980w, https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/Richard-Dobes_web-480x480.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" class=\"wp-image-277802\" \/><\/span><\/div><div class=\"et_pb_blurb_container\"><h4 class=\"et_pb_module_header\">Richard Dobe\u0161, Managing Partner, Top Partners International, s.r.o.<\/h4><div class=\"et_pb_blurb_description\"><p>Richard Dobe\u0161 is an executive coach and leadership consultant with over 20 years of experience helping organisations, teams, and leaders grow.<\/p>\n<p>He has held senior roles including CEO and Managing Partner at Top Partners International, and today advises international clients across industries on leadership, strategy, and organisational change.<\/p>\n<p>Richard is also one of People &amp; Performance\u2019s Global Network Partners.<\/p>\n<p><a data-start=\"565\" data-end=\"601\" class=\"decorated-link\" href=\"https:\/\/www.pphr.dk\/en\/people\/richard-dobes\/\">Read more about Richard here<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":277966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45],"tags":[],"formats":[],"class_list":["post-277834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"acf":[],"dsm_author":{"name":"Astrid R","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/3948a8640ba2d7deb14c8031f503a7a07eedc743a55803e5670af1297d41a9c8?s=96&d=mm&r=g","archive_link":"https:\/\/www.pphr.dk\/en\/insights\/author\/astrid-rorbyecompasshrg-com\/","biodata":""},"dsm_categories":[{"term_name":"Articles","term_id":45,"term_link":"https:\/\/www.pphr.dk\/en\/insights\/category\/articles\/"}],"dsm_attachment_categories":[],"dsm_featured_image":{"thumbnail":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-150x150.webp","medium":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-300x169.webp","medium_large":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-768x432.webp","large":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-1024x576.webp","1536x1536":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-1536x864.webp","2048x2048":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-2048x1152.webp","et-pb-post-main-image":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-400x250.webp","et-pb-post-main-image-fullwidth":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-1080x675.webp","et-pb-portfolio-image":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-400x284.webp","et-pb-portfolio-module-image":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-510x382.webp","et-pb-portfolio-image-single":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-1080x608.webp","et-pb-gallery-module-image-portrait":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-400x516.webp","et-pb-post-main-image-fullwidth-large":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2.webp","et-pb-image--responsive--desktop":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-1280x720.webp","et-pb-image--responsive--tablet":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-980x551.webp","et-pb-image--responsive--phone":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-480x270.webp","woocommerce_thumbnail":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-500x500.webp","woocommerce_single":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-1200x675.webp","woocommerce_gallery_thumbnail":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2-100x100.webp","full":"https:\/\/www.pphr.dk\/wp-content\/uploads\/2025\/09\/M_A_part-2.webp"},"dsm_comment_count":0,"_links":{"self":[{"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/posts\/277834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/comments?post=277834"}],"version-history":[{"count":32,"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/posts\/277834\/revisions"}],"predecessor-version":[{"id":284147,"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/posts\/277834\/revisions\/284147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/media\/277966"}],"wp:attachment":[{"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/media?parent=277834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/categories?post=277834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/tags?post=277834"},{"taxonomy":"post_format","embeddable":true,"href":"https:\/\/www.pphr.dk\/en\/wp-json\/wp\/v2\/formats?post=277834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}