There are thousands of mergers every year and, by some estimates,
two-thirds of them either fail or fall far short of expectations. How
can leaders keep their merger from becoming a head-on collision? In
The Human Side of M&A, Dennis Carey and Dayton Ogden argue that most
failed mergers looked good on paper--they made financial and strategic
sense--but the crucial human element was neglected or overlooked.
Consequently, corporate cultures often clash and wreck any chance that
the companies will work harmoniously together. The authors, who have
worked with many companies in the process of merging, draw on their
unique experience to demonstrate how to address the human side of a
merger, revealing pitfalls to avoid as well as best practices to
pursue. They describe how to assess the quality of the people on both
sides, aligned with the strategy, to determine whom to retain. They
argue that the CEOs need to create a new vision for the combined
company (one that differs from the visions of the two individual
entities). And they stress that it is vitally important to move
quickly once the merger is approved so that the new enterprise can hit
the ground running on the first official day of operating as a
combined company. The book concludes with a rigorous statistical
appendix that analyzes some of the most successful mergers of the past
ten years, validating the book's underlying theme and conclusions.
While the volume of mergers may wax and wane depending on a host of
economic factors, mergers will endure as a logical, efficient, and
profitable strategy for many companies in a global economy. This book
will help ensure the success of those who choose this path.
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How CEOs Leverage the Most Important Asset in Deal Making
Produktdetaljer
ISBN
9780199923809
Publisert
2020
Utgiver
Oxford University Press Academic US
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter