Mergers and Acquisitions
Introduction
From a financial view,
there are many differences between mergers and acquisitions. However, there are
fewer differences in terms of project management. Even in one country many
mergers and acquisitions totally and completely fail— not during the
negotiations, but after the deal has been completed. Here are some of the common
ugly occurrences:
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The acquiring or dominant firm that survives has to write
down much of the value of what was acquired.
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The good people leave from both organizations.
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The business processes are not combined so that there are no
economies of scale.
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So much attention was placed on the organization that
systems, procedures, and policies were ignored.
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Only headquarters units were considered. No one thought of
the separate country offices. They were going to sort that out later. It didn’t
happen. Processes and work fell apart country by country.