A merger or acquisition can be an effective method of accelerating growth and expanding reach through using additional channels, customer segments or other assets. By combining the retail presence of one company with the distribution channels of another and an extensive product range that caters to different age groups. It can also create new opportunities in the market, such as through acquiring or merging with a company that operates in a specific geographic area.
Companies that do not manage M&A integration correctly risk losing https://reising-finanz.de/ value because they are consuming an enormous amount of time and attention. They may lose talented employees who feel disenchanted by a new company and decide to switch to other opportunities. Poorly managed system migrations may also distract managers from their core business.
A common mistake made during M&A integration is the need to move acquired systems and processes too quickly to make savings. However, doing this can cause major disruptions for customers and result in a lot of effort for no gain.
The best approach is to establish clear guidelines and the level of integration required to meet them. This helps leaders build strong relationships with functional work stream leads and IMO to increase transparency, accountability and communication around the program. It is also crucial to establish a weekly schedule for IMO teams to communicate with the SteerCo to ensure daily progress and increase risks. This provides the IMO the accountability and transparency it requires to oversee the implementation of the integration plans.
