Why Private Equity Needs to Invest More in Talent Development
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HBR IdeaCast
If you’re putting six companies together, you can’t have six different cultures, and so you can use the term, professionalized management, but whatever term you use to accelerate value creation in this collection now of assets, you’ve got to be able to integrate those companies, you need to have a coherent culture across those companies, and you have to invest in people because you’re going to be holding that asset now, not three years, not four years, but potentially six years or seven years. It happens a lot less now for lots of reasons, including that many companies that are bought by private equity firms are bought from other private equity firms.