A merger or acquisition could be a great tool to accelerate growth and extend reach by using new channels customer segments, channels, or other assets. By merging the retail presence of a company with the distribution channels of another, it can create an array of products www.reising-finanz.de/so-waehlen-sie-den-besten-versicherungsberater-mit-bedacht-aus/ that caters to different age groups. It also opens new markets, for instance by acquiring or merging with an organization operating within a specific geographic area.
Companies that fail to manage M&A integration properly risk losing value by consuming too much time and energy. They may lose talented employees who feel unwelcome by a new company and decide to leave to pursue other opportunities. Uncontrolled system migrations can also distract managers from their primary business.
A common mistake in M&A integration is the desire to transfer acquired systems and processes too quickly to gain cost savings. This can lead to major disruptions to customers and lots of extra work.
The best approach is to establish clear guiding principles and the degree of integration required to fulfill them. This allows leaders to develop strong relationships with functional work stream leaders as well as IMO to encourage transparency and accountability as well as communication about the program. It’s also essential to set up a weekly schedule between IMO teams and the SteerCo to encourage daily progress, increase risks and solve issues. This provides the IMO the accountability and visibility it requires to oversee the implementation of the integration plans.