I am one that likes to plan, have clarity, and feel in control. Well, 2020 certainly has challenged me in these areas. Regardless, I still have a choice. One option is to feel like a victim, get angry, be annoyed, complain about the situation, and feel sorry for myself. Been there, done that! Not fun or productive.
The adrenaline rush you get when closing on an acquisition (or merger) is exhilarating.
Excitement builds as you make the formal announcement to the team and send the press release. The congratulations start pouring in and all the endorphins rush in. If only this were the punctuation at the end of the sentence. It’s more like a new chapter that is yet to be written.
Enjoy your post close rush, but know that success is in what follows, not the successful completion of the acquisition.
Often, business leaders are not prepared for this next phase in the transaction, which happens to be the most difficult. Integration, or as we prefer to say, unification, is the next and most important phase. Closing the deal is now a success that lives in the past and future success is properly unifying the teams and driving the intended benefits.
Topics: Strategic Planning, Succession Planning, acquisition, Takeaways, Retain, Key Employees, Business Consultant, Growth, workplace productivity, Success, Management, 2020, Workplace Culture, Merger
As a business leader we often hear the phrase, "you need to work on your business not in your business.”
Edited on Feb 19, 2020
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