Using Skills Management to Simplify Your Post-Merger Integration
Summary
“According to multiple studies, 50-90% of mergers and acquisitions fail to achieve the expected value,” says consulting firm Loki Group, Inc. in this article. While the details vary from one to the next, it’s helpful to look at a sample framework, to understand what business leaders face when combining companies. When the leaders, integration teams, and combined workforce are aligned and have the skills needed for the new company to move through the inflection point, the M&A is more likely to succeed. Just as the Boston Consulting Group (BCG) urges business leaders to prepare for a post-merger integration well before the transaction is complete, skills management before, during, and after M&A is a wise approach. When the transaction is announced, your CEO and other senior leaders will need to be able to communicate effectively with employees, customers, partners, investors, and the public – across email, in large-group meetings, on phone calls, and in person.
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