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.

1. MERGER
Irv Holmes
5 Tips for a Successful

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. 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. 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. 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. 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. 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. 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. 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. 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. THANK YOU
For more information, visit:
www.irvholmes.net