Does anyone have experience in or recommendations on how a new, inbound management team should prepare to take over a company, post-acquisition? What are the most important things to consider in the first 100 days?
For a new management team, my view, the most important thing post-acquisition is to keep business as usual within the first 100 days- do not try to put too many changes/ integrations actions to the acquired business before you really understand it. Keep the employee retention and keep the business as usual.
Agreed with the most recent response. The first 90 days are key. If there are obvious issues that have high risk, then make the changes needed. Otherwise, try to approach all decisions regarding employees with care.
I am of the idea that during the first 100 days or so even possibly earlier, the new management need to take steps quickly to make the necessary changes even in the face of resistance. Without knowing what are the resistances, the longer the drag into the future, will mean more problems in the future. Rather,I believe that nipping the bud is key.
In my view, the new management shall have made the plan for 100 days before they start their day 1. This will require deeply studying the key issues, challenges, strengths and weaknesses of the organization, loose hanging fruits etc. from Day 1, the new management needs to attack and achieve the quick wins. Also, communication has to be the most important part of their daily life for first 100 days. New Management shall avoid any changes which may divide the organization, make employees insecure.
Understand that to clean house, you can still keep some top performers on the leadership team if they fit the new, incoming culture. They’ve seen a lot over their time and know the business intimately, so they can be helpful in not repeating past mistakes.