Discover the secrets to achieving post-close excellence in large mergers and acquisitions according to McKinsey’s research:
1) Maintaining Business Momentum
- Protect the base business by keeping two companies operating separately
- Focus on integration, but avoid jeopardizing ongoing operations
2) Accelerating Integration
- Hold line leaders accountable for synergies and hardwire targets into their plans
- Implement value-based governance with a strong integration team for the life of the deal
3) Institutionalizing New Ways of Working
- Introduce initiatives for building new business processes and ensuring nonnegotiable behaviors
- Address cultural differences and provide resources for a smooth transition
4) Catalyzing Transformation
- Leverage the deal to build new capabilities and drive value creation
- Assess resources and refuel for the transformation wave, ensuring sustained focus