Merger plan.docx - Surname 1 Student's Name Professor's Name Course Date Merger plan Merger entails a combination of two or more firms into one In other

Merger plan.docx - Surname 1 Student's Name Professor's...

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Surname 1 Student's Name Professor's Name Course Date Merger plan Merger entails a combination of two or more firms into one. In other words, it is an agreement that unifies two prevailing firms into one firm. However, it is essential to have a merger plan when planning to combine with another firm. A plan of merger is an agreement that set out merger's steps of two or more entities, including merger's terms and conditions. The three critical elements of my merger plan include an integration team determined to the execution and implementation of the merger. In this case, several major changes happen for the workers in both firms, and therefore, a strong and well-executed integration plan is needed to ensure the transition goes smoothly. Another component is planning out many of the essential details of the transition since I cannot just leap into the merger and expect things to work themselves out. A shared vision is another element of my merger plan. In this case, the two companies should have
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Unformatted text preview: a shared vision or a common objective to be achieved together by the two firms towards ensuring the success of the firm. Some of the sources of power upon which I will draw to help achieve a successful merger include; consulting other people who have an experience or those who are already in the merging firms for guidance. In this case, it essential to know about mergers before entering into the agreement, including information regarding the benefits of merging and implications. Ability to produce a quality product to compete in the market will constitute my source of power for a successful merger. Merging enables the firms to produce a product which is of high quality as Surname 2 there is a high exchange of ideas which help improve the end product. This may eventually lead to an increase in profits due to an increase in sales volume....
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