Posts Tagged ‘due diligence’

The second best way to do it

Friday, January 1st, 2010

In preparing to rule in the recent two week trial that ended between online auction titan eBay and classified ad giant Craigslist, the presiding judge reportedly noted that any ruling he would make would not be a “grand slam home run” for either side. 

“I have an uncanny ability to make everyone unhappy,” he said as he was encouraging the parties to reach a mutually acceptable settlement on their own.  If they waited for his ruling, in what turned out to be largely a clash of corporate cultures, it would be “the second best way to do it,” he said.

Touché.

The next time around, a little more due diligence up front would help too, because how you conduct business is just as important as what business is conducted.  The expectations embodied in corporate culture can make a huge difference between the success and failure of a deal.