1) What type of culture and leadership style is necessary to implement such a strategy?
2) What is HR’s role in the identification and integration of potential acquisitions?
3) What are the major factors K. Hovnanian considers to ensure a good fit between target company and K. Hovnanian?
4) What are the key success factors to retain the intangible assets of an acquired organization?
5) How do you balance the need for consistency and flexibility of management practices?
6) How do you enable newly acquired organizations to maintain their identity while being part of a much larger organization?
Sample Solution
The type of culture and leadership style necessary to implement a successful acquisition strategy for K. Hovnanian is one that encourages collaboration, open communication and innovation. Leaders should be open to hearing ideas from all levels of the organization, while also being willing to take calculated risks when appropriate. Additionally, leaders should have the ability to motivate their teams through positive reinforcement as well as create an environment where employees feel safe in providing feedback and challenging assumptions. This type of culture will help ensure that K. Hovnanian can effectively identify potential acquisitions and integrate them into their existing structure.
Sample Solution
The type of culture and leadership style necessary to implement a successful acquisition strategy for K. Hovnanian is one that encourages collaboration, open communication and innovation. Leaders should be open to hearing ideas from all levels of the organization, while also being willing to take calculated risks when appropriate. Additionally, leaders should have the ability to motivate their teams through positive reinforcement as well as create an environment where employees feel safe in providing feedback and challenging assumptions. This type of culture will help ensure that K. Hovnanian can effectively identify potential acquisitions and integrate them into their existing structure.