Topic 51
Integration, Alignment, and Synergy Benefits: Plan It Out
Topic 51 explores the necessity of a well-done integration plan, selection of the right people to execute and implement plan initiatives, and the needed organizational commitment to complete the integration effort.
THE STEPS TO DEVELOP THE INTEGRATION PLAN
- Although the effort to effect the integration of two large “equals” into one postmerger operating entity with one new face to the market is more complex and may require more effort than the acquisition and assimilation of a target into the acquirer, the work plan steps outlined in Topic 52 are applicable to both transactions to achieve an effective postclosing operating organization.
- Effective integration alignment of the target into or with the acquirer is a key to identifying and achieving desired synergy benefits.
- Appoint an integration team consisting of multidisciplined executive managers from the acquirer and the target (or merger partner).
- Get the team member resources committed from their functional superiors to do the following:
- Work through the integration planning, alignment, and synergy evaluation steps presented in Topic 52 and develop comprehensive agreement on values, strategy, strategic initiatives, culture, organization, management, facilities, and all other alignment elements.
- Develop a fully aligned postclosing integration work plan to accomplish the identified initiatives (what, when, how, who, where). This is accomplished through the work ...
