In M&A, it is important to avoid destroying the value of the deal. It is therefore important to be patient and plan and establish your processes. I’ve observed that the most common issues are related to people: how they respond to change or change, how they resist it and what they do when things don’t go according to plan.
One of the key tasks we provide to our clients is to assist them in setting an approach that allows them to spot potential issues early and react quickly to them. This can be done by holding weekly IMO meeting and functional work streams to review the https://reising-finanz.de/so-waehlen-sie-den-besten-versicherungsberater-mit-bedacht-aus/ progress made and escalate issues and risks to SteerCo.
Once the procedure for solving issues has been established, it’s important to focus on the implementation. That means making sure the team knows what it’s expected to accomplish, how that will be evaluated, and when. It also includes clearly defining accountability (i.e. ownership of the final outcome) and decision-making authority for the entire business.
It is crucial to ensure that the CEO as well as senior management are able to spend at 90% of their time on core business concerns and avoid getting distracted by integration tasks. It’s an ideal idea to select one person to head the Decision Management Office and coordinate work streams. This person may be from the acquiring company or be a rising star within the newly merged company who has the backing of their boss.