M&A Integration
Mergers and acquisitions, by
their very nature, can provide companies with new capabilities, technologies, and
products; immediate entry into new markets; and lower operating costs through
consolidation of resources. Yet often overlooked in the optimism and excitement of making
the deal are the challenges of combining two ongoing enterprises into one. From clashes in
culture, style, and egos to the natural organizational resistance to change, far too many
otherwise healthy mergers fall victim to the minefield of postmerger integration.
The ultimate cost of this
oversight? Lost opportunity, diminished shareholder value, and significant trauma to
shareholders, employees, and, most importantly, to the company itself.
M&A Integration provides
a practical and easy-to-follow framework for managing and directing each step in the
volatile integration process. It reveals how today's most dynamic corporations are able to
successfully blend disparate cultures, management processes, and organizational
structures, and achieve the ultimate goal of all M&A participants increased
shareholder value and a stronger, more competitive organization. It reviews all the
management and human resource aspects of integration, explaining how to master each in the
process.
- Written
by one of today's most skilled and respected M&A integration experts, this
step-by-step guidebook for postmerger success covers:
- The
importance of laying the groundwork for integration during the initial stages of the
transaction
- Effective
tools for ensuring successful organizational cultural assessment and integration
- Proven
techniques for maintaining open lines of communication and for limiting anxiety and anger
among employees, customers, distributors, and investors
- Strategies
for deciding which key executives, managers, and employees to keep, and for ensuring their
retention and continued success I Approaches for successfully building integrated teams
- Methods
for ensuring continuous improvement of the integration process
David M. Schweiger, DBA, is
the Buck Mickel/Fluor Daniel Professor at the Moore School of Business at the University
of South Carolina, adjunct professor at EM Lyon in France, and president of the strategic
management consulting firm Schweiger and Associates. He has assisted executives of
numerous companies in successfully managing the M&A integration process. The coauthor
of Strategic Management Skills, Dr. Schweiger is the international strategic management
editor of Journal of World Business. His work has been widely published in professional
journals' including Strategic Management Journal, Academy of Management Journal, Human
Resource Planning, and Organizational Dynamics.
284 pages