Joining Forces: Making One Plus One Equal Three in Mergers, Acquisitions, and Alliances

Available in our e-library on M&A at IMAA!

Authors: Mitchell Lee Marks, Philip H. Mirvis

Publisher: John Wiley

Year: 2010 October

ISBN: 978-0-470-53737-4

Content

If 75 percent of all mergers fail, what makes the other 25 percent succeed?
Mergers, acquisitions, and alliances are more vital today than ever before in driving business success. This indispensable guide offers proven strategies and sound solutions to the multitude of integration issues that inevitably arise, and shows how to create a combined business that meets its strategic and financial objectives, competes better, and offers personal and organizational enhancements. Dubbed “merger mavens” by Fortune magazine, the authors report lessons learned from their experience in over 100 combinations. Executives, managers, and employees alike—in all industries and sectors—will find useful examples, strategies, and tools here.
Praise for Joining Forces
“This book will help both M&A veterans and those new to the game. The authors provide great insights into the human, cultural, organizational, and strategic factors that matter in M&A success.”—Richard Kovacevich, chairman and CEO emeritus, Wells Fargo & Co.
“Don’t commit to the merger or acquisition without them! I have personally witnessed how hard it is on everyone—employees, shareholders, communities, and especially executives—to work through an improperly managed merger. I have known Marks and Mirvis for almost twenty-five years and the only mistake our organization made was that we did not consult them soon enough. Their new book reflects unequalled experience and intellect. Don’t merge, acquire, or be acquired without it!”—Michael R. Losey, CEO (emeritus), Society for Human Resources

Table of Contents

Preface.

The Authors.

I Creating Value in Mergers, Acquisitions, and Alliances.

1 The Elusive Equation.

2 What Goes Wrong and How to Make It Right.

II The Pre-combination Phase.

3 Strategic and Operational Preparation.

4 Psychological Preparation.

Pre-combination Checklist.

III The Combination Phase.

5 Leading the Combination.

6 Putting Companies Together—The Transition Structure.

7 Managing People through the Transition.

8 Easing the Clash of Cultures.

Combination Checklist.

IV The Post-combination Phase.

9 Building the New Organization and Culture.

10 Joining People and Teams Together.

11 Damage Control and Recovery.

Post-combination Checklist.

V Building M&A Competence.

12 Tracking and Learning from the Combination.

13 Joining Forces—Building M&A Competency.

Endnotes.

Index