On one half the company, middle / upper management is biding their time to collect pensions and not incentivized to deliver/change. Risk aversion and territoriality makes it difficult to improve processes and launch new offerings. On the other half of the company, business segments are fragmented and don't communicate with each other.
Real world example: A business segment will hear an idea being implemented in another business segment, take that idea and rush an offering to market to claim credit but without fully understanding the problem, impact, or solution.