Posts tagged ‘merger’

How to stop strong leaders ruining your merger

Mergers and acquisitions are still a key strategy for growth for many businesses.

Mergers are often the result of one organisation’s leaders recognising strong leaders in another organisation and wanting to benefit from their skills and experience. However two or more strong leaders coming together to run a corporation can often result in potentially conflicting views about how the new business should be run.

So how can you make the most of strong leaders in a merger situation?

My first piece of advice is to have a clear vision for the new organisation and to communicate that vision to your leadership teams. For leaders to be effective they need to know what their goals are. Then they can plan for these goals and lead their teams toward them.

Secondly, ensure that there are clear incentives in place for your leaders. It is an unfortunate fact that mergers often result in employees leaving a company. One way to ensure the best people stay is to incentivise them. It is also important that the incentives are clear, in line with the vision of the organisation and tailored to the individual leader. However it is essential to align all leader’s incentives so they drive collaboration between leaders.

Thirdly, ensure that you emphasise that the vision for the company is a ‘win for all’ situation. All the organisations involved in the merger and all the leaders will benefit from the merger, not just one company. To be successful the merger has to be a real combining of the organisations. You will need your leaders to pull together in order to achieve the optimum result.

Finally it is important to have effective retention and succession planning. Ultimately it is likely that some staff will leave and it is essential that you have a plan to replace those that do with others who can achieve the same levels of success. The good news is that retention rates can be significantly increased with the right strategies for each individual.

As always if any of the issues I have discussed here strike a cord in your organisation, or with your future plans, please get in touch to see how we can help.

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March 7, 2017 at 9:16 am Leave a comment


Alan Adair

Contact Details

Alan Adair

Extra Dimension
Helping you and your teams to be more engaged, motivated and effective.

21 Pelican House
Stone Close
Poole
BH15 4GE

Tel 01202 830047

Email alan.adair@extradimension.co.uk

Website
www.extradimension.co.uk

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