Mergers & Acquisitions
Study after study puts the failure rate of mergers and acquisitions somewhere between 70% and 90%.
— Harvard Business Review
Let’s face it, merging company processes, resources, facilities and cultures is rarely and easy task. And yet, realizing return on investment within the short time frame expected by most investors depends on an expedient and smooth transition for all of those things. Even if your employees have the skill sets needed to coordinate and manage these tasks, they are busy gathering data in support of the merger not to mention their day jobs.
Bringing in a professional change management consultant can help free up your people to concentrate on your core business while facilitating a smooth transition to a merged and cohesive company. Click here to learn more about change management for mergers and acquisitions.
On average, large IT projects run 45% over budget and 7% over time, while delivering 56% less value than predicted
— Project Management Institute
- Have you ever found that no matter how much users complain about an existing software application, they tend to complain more about a new one?
- Have you every noticed that the current application manager is really struggling to give up his long time relationship with the current vendor?
- Have you ever implemented a new application that was supposed to be the answer to controlling your process only to find that users have discovered a way to circumvent the control features because they are too cumbersome?
- Finally, is your CFO a bit concerned that the savings that were supposed to come from this new application just aren’t there?
If you answered “yes” to any or all of these questions, what if you could identify stakeholder risks on the front end of your project and help create a mitigation strategy before those risks become real problems? What if you were able to take users from a state of concern and uncertainty to a sense of acceptance, ownership, and even eager anticipation for the new software? A change management professional can help prepare your team to embrace the new software resulting in a more robust return on investment in a timely manner.
Moving your company’s office can be hazardous to your financial health, if you are not prepared for what lies ahead. …mistakes are costly in terms of both out-of-pocket dollars and lost productivity
— Jeff Garver, Rigel Direct
Everyone knows that moving homes is a stressful life event. Given that most of us spend at least 40% of our week at work, office moves are no exception. Whether your company is relocating to a new part of town or a new floor with a different configuration, changing your employees’ work environment can be problematic not just from an office expense perspective, but in terms of lost productivity.
Taking the time to include stakeholders in the evaluation process will win your team not only good will, but valuable insight into potential road blocks and uncover some key mitigation strategies you can employ to avoid them. A change management professional can provide the objective perspective of a third party when conducting stakeholder analysis and help your team transition to realize the full benefits of a new location or workspace configuration.
Other Change Initiatives
Have a different type of initiative planned? Whether you are implementing new cyber security protocols, a new technology or business process, or preparing to outsource (or insource) a department, employing proper change management can make the difference between staying in budget, on schedule and realizing return on investment.
To find out more about how Misty can help your next initiative a success, click here to contact Misty.