always go wrong. Investors, rightly, worry when a corporate one is announced. Combining two organisations, their differing goals, incompatiblesystems and management structures, at best causes headaches. It always proves expensive. Cultures clash. People get distracted. According to the, 70-90% of mergers and acquisitions deals fail. The only surprise is that the figure isn’t higher.
The success, or not, of the expanded Foreign, Commonwealth and Development Office has taken on totemic significance as Britain seeks a global role post-Brexit. To some, like Simon McDonald, who led the diplomatic service until 2020, it will let a fading power speak with one voice abroad. In his vision, other agencies, such as the Department for International Trade, could one day be wrapped in. To others, the deal was a hostile takeover by right-wingers bent on gutting the development corps.
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