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Studies indicate that the success rate of mergers is somewhere between 30 and 60 percent. Many executives admit that it is the people issues that often make the difference between success and failure.
The strategic and financial potential of a merger or acquisition is often the focus of attention, whereas issues such as cultural fit, employee morale, retention, and strategic understanding rarely receive the consideration they deserve. Productivity and profitability can be maintained and improved only if key people issues are managed effectively.
There is a clear link between how companies handle people issues and how well their mergers eventually succeed. Success begins with employee alignment with the vision ... the greater the alignment, the better the business performance. |
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TrueLearn alignment programs can help you address a number of the people issues where companies are often most challenged:
• Employee alignment with the new vision
• Employee understanding of new roles, responsibilities and operational changes
• Employee career objectives aligned with company goals
• Consistent and engaging internal communications |
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