Mergers and acquisitions are a reality of life to most modern corporations. Unfortunately few such mergers live up to expectations and nearly all prove more complex than originally anticipated. The companies that survive and prosper are those that adapt quickly and effectively,. This book uses practical examples and anecdotes to show how mergers and acquisitions can damage previously profitable businesses if managed badly. It illustrates how to manage mergers and acquisitions successfully.
Foreward - mergers, acqusitions and large-scale change; introduction - the Salado river - the seven deadly sins of transitions; opportunity lost - the dealmakers nightmare; the ugly truth - deciding is easy, executing is hard; more ugly than truth - why performance deteriorates; the law of the band-aid - the need for accelerated transition; 260 priorities - economic value creation; windshield watching in Seattle - early communication and stability; no secrets, no surprises, no hype, no empty promises - connecting with your stakeholders; five frogs on a log - launching transition teams; acute structural anxiety - organization structure and role charity; the two-and-a-half-ton truck - policies and practices; the ultimate scapegoat - unconventional advice about culture; the blind mans dog - value creation incentives; the north bank.