Ha! Did The Merger Verger get your attention with that one? No, sadly, we’re not offering 1-year CDs paying 1.66666%. This is an acquisition integration forum. We’re offering wisdom here, of the stunning variety.
This one of the stunningly simple variety:
The single-most important step that a company doing an acquisition can take to make it succeed is this:
Acknowledge that merging two companies is not the same as running two companies… or even running one bigger company. It’s just not.
If you accept that premise, you will approach the integration process with more awareness and more thoroughness and your chances of success will soar. Therein lies our guarantee.
Because running most companies is about maintaining and optimizing existing paradigms. Merging two companies is about changing them. Very different!
M&A execution (as distinct from deal making) is about CHANGE MANAGEMENT.
In that spirit, TMV draws your attention to a fairly useful online resource that outlines and describes 33 different techniques for creating change in an organization. For each technique, the reader is given an overview, an example of the technique in action and a discussion (background, psychology, pitfalls, etc.) and links to more detail. Simple. Good. Check it out.
Change Techniques, courtesy of ChangingMinds.org
About the Art: Today’s illustration is the cover of a 1960 Mobil road map of Viet Nam.