At Amplify, our mission is to empower enterprise companies to achieve their strategic goals and reap the benefits, and our strategy execution software platform is built to facilitate the process. There are many situations in business where effective execution on a strategic initiative is critical to the success of the company, but one of the most common is after a merger. On the surface, mergers are often attractive decisions because they allow companies to concentrate resources and conquer a greater share of the market – but without a careful, thorough approach, it's easy for a merger to go haywire.Checklist for Integrating After a MergerWhether it's two mid-market companies or two multinational conglomerates, navigating a merger can be a difficult process. Successfully bringing two different workforces, competencies, and cultures together is easier said than done – but with the right approach, it's entirely possible. Our software regularly helps enterprise companies succeed in managing an acquisition or a merger, so here's a quick checklist to help you manage the post-merger process:
- Personnel: People power everything, so the first step is to establish and normalize processes for hiring and HR. Make sure to create a process both for immediate, short-term hires and a longer-term hiring strategy, as well as a standardized onboarding process.
- Addressing Redundancies: Unfortunately, a merger usually means there will be redundancies in the new organization – and while we all would like everyone to stay on, redundancies ultimately have to be addressed. After normalizing your hiring & personnel practices, create a plan and process to identify, analyze, and eliminate redundancies.
- Organization & Infrastructure: Once you've handled all the issues around people, you'll need to address the organizational and technological parts of the merger. This will involve working closely with the IT team, as they'll need to integrate a number of distinct, complex systems into your new framework.
- Strategy, Execution, & Performance: Finally, it's time to get to the meat of the new company. The final step in the post-merger process should be spent defining your company's high-level strategy, communicating it to all employees, and creating a plan to execute and measure performance.
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These items should form the backbone of any post-merger integration process, but as can be expected, the specifics will look different for every company. What's important is to be methodical and intentional in your process – and having the right strategy execution & initiative management software can be a big help. Our enterprise software platform has helped many large companies successfully navigate the merger and integration process, and we'd love to do the same for your company. Take the first step: schedule a live demo today!