CONSOLIDATIONS
Top 10 TipsConsolidation can be a valuable means of strengthening companies in difficult times, but management teams should not jump at the first opportunity that comes along:
1. Can the two management teams work well together?
Cultural fit is the vital ingredient.
2. Identify the key issues and risks on both sides and the
critical success factors for the future.
3. Identify and agree the key opportunities for the future
success of the business and the employees.
4. Analyse the key opportunities and ensure they are
meaningful and result in material benefits.
5. Both sides must work to create a truly shared vision and set
of objectives for the business going forward.
6. Articulate and communicate the objectives and benefits to
employees and customers.
7. Work to eliminate all aspects of any “them” and “us” culture
developing, right from the start.
8. Set achievable milestones for 100days, 6-months and 1 year
and reward innovation and success.
9. Address setbacks positively and rapidly and reinforce the
vision.
10. Demonstrate clear leadership and communicate,
communicate, communicate.
For further information, please contact Ken Graham at Pace Equity.
Email: Kengraham@paceequity.com
Tel: 01491 577889