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| Mergers & Acquisitions – Integration | |||||
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Brooklands CG has extensive experience in the field of business integration. We are acutely aware of the synergy trap whereby too many organisations often fail to realise the targetted benefits and shareholder value
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Given the often generalised nature of strategic decision making as it occurs in reality, it may be that detailed consideration of a strategic course of action does not really take place until the planning of implementation begins, and in our experience, this is particularly so regarding mergers and acquisitions. The risks to the delivery of timely benefits are often due to the underestimation of the size and complexity of the integration task and the lack of a detailed structure and process. There are a number of key factors that influence the degree of success and these include:
Process design is vital, the key principles being the involvement of key executives and early commitment, the development of an integration plan to ‘hit the ground running’ and the creation of tight control procedures. During the integration process, it is important that a holistic view of all potential elements of the change process is taken, particularly the understanding of the relationship between corporate vision, skills, incentives, resources and supporting action plans. In our experience, to manage risks and underpin benefits it is important to:
Key to the success of integration projects is the development of close working relationships with the Managing Director/CEO and functional heads. Frequently we find ourselves in the area of conflict and boundary management, where we assist the MD/CEO in the facilitation of solutions.
In addition to the areas of project management, cost and benefit management, analysis and on going day to day involvement, understanding the mood and temperature of the staff is key. It is in this area that we have been further able to add value to the integration process, and in particular by being able to obtain bottom-up views, the outputs from which have proved to be invaluable to the business leaders.
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| Brooklands Consulting Group is a member of The British Private Equity and Venture Capital Association. | ||
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