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5 Tips for a Successful Merger

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Irv Holmes discusses business mergers, including their benefits, the reasons why they sometimes fail, and tips for ensuring success when combining two or more organizations into a single entity.

Publié dans : Business
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5 Tips for a Successful Merger

  1. 1. MERGER Irv Holmes 5 Tips for a Successful
  2. 2. Defining Merger 5 TIPS FOR A SUCCESSFUL MERGER 01 A merger is defined as two or more businesses coming together to form a single entity.
  3. 3. Benefits of Merger 5 TIPS FOR A SUCCESSFUL MERGER 02 Mergers are popular because they allow competing businesses to: Increase productivity Cover a larger share of the market Multiply profits
  4. 4. The Downside 5 TIPS FOR A SUCCESSFUL MERGER 03 Mergers are not always successful for a number of reasons, including lack of preparation for navigating the new relationship.
  5. 5. The Solution 5 TIPS FOR A SUCCESSFUL MERGER 04 I've created this presentation to provide simple tips that will help facilitate this often tricky process.
  6. 6. 1 Make personnel changes early Alert employees of your plans to let them go. Provide resources to assist with termination, and make layoffs early in the transitioning process
  7. 7. 2 Retain great talent Make every effort to retaining your brightest stars; allay any concerns of being let go as well. Communicate with and prepare them for changes to their current responsibilities
  8. 8. 3 Redefine company culture Sit down together and find ways to share, learn about and compromise on a new, conjoined culture to be the foundation for the organization going forward.
  9. 9. 4 Re-assess and prioritize projects Take a long, hard look at desired and goals and determine how best to approach them in a way that is financially sound and to the benefit of all stakeholders.
  10. 10. 5 Communicate openly and often Build a solid, professional relationship, so that in the presence of problems, both teams can discuss them, strategize and nip it in the bud for the sake of the team.
  11. 11. THANK YOU For more information, visit: www.irvholmes.net

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