Change Management
In an M&A, generally the two companies that come together have different values, work cultures and work forces. The integration of these two widely different companies leads to a lot of changes in the working environment. Thus it is necessary to manage the changes for a successful M&A.
For this, the HR department of the firm could design some strategies and outreach communications to explain and manage the organizational changes and a smooth transition during the M&A process. The change management process also focuses on minimizing employee attrition and maintaining the morale of the employees during the post – integration process.
Post an M&A, many organizational changes occur in the newly formed company. These changes are
- Mission changes
- Strategic changes
- Operational changes
- Technological changes
- Changes in the behavior and attitude of the personnel
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