Posts Tagged ‘Elements’

With more than 30 years of professional experience, Craig Raucher has served in a number of executive-level positions, such as the senior vice president and general manager of Total Freight Solutions Global. Throughout his career, Craig Raucher has led a range of global strategies and revenue increases, and has been the member of mergers and acquisitions teams.

A significant and popular growth strategy for businesses, mergers and acquisitions can be complex, difficult processes with long-term effects. However, with proper planning, they can benefit and strengthen the resulting company, in addition to making it larger than the two companies were individually.

The company leading the merger process should make a special effort to engage the employees of both companies. Although the merger process itself can be lengthy, the company should cultivate a culture of engagement as close to the merger announcement as possible. The more time that passes between the announcement and employee engagement, the more likely it is that the employees will become anxious and start to look elsewhere for a more stable environment. By engaging them within the first 30 days, the company can keep employees motivated and able to cope with the merger’s changes as the company shifts to its new mission and identity.

Another necessary step at the beginning of the process is establishing leadership. Confusion can result from inconsistent or nonexistent leadership, especially during the stress of a merger or acquisition. Therefore, creating a clear leadership team that is devoted to merger issues and provides guidance can be very helpful to current employees. Leadership should not only deal with practical issues but also with the cultural components as teams determine how to interact and work with each other.

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