Describe how the organization will support an

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Managerial Economics
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Chapter 10 / Exercise G10-2
Managerial Economics
Froeb/McCann
Expert Verified
Describe how the organization will support an employee's transition to a new job (Layoff Guide, 2008) 5.5.4. Mergers and Acquisitions 5.5.4.1. Definition Mergers and Acquisitions (M&A) is an aspect of corporate strategy that deals with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to create another business entity (Mergers and Acquisitions). There are three broad phases in M&A which include: strategy development, negotiation and closing of deal, and post merger integration. The most critical phase deals with integration in which effective internal communication among employees is crucial to deal with the culture changes brought on by the newly acquired company (Harrison, 2005). 5.5.4.2. Argument Effective M&A communication strategy starts by communicating information early to reduce uncertainty and speculation among employees. Organizations must show a clear plan in terms of how employees will be affected in terms thing such as workload or job security. Maintaining positive attitude towards the changes brought on by the crucial to the success of an M&A (Harrison, 2005).It keeps the organization focused on customers and productivity along with helping retain key employees. Ineffective M&A communication strategy does not articulate individual expectations and the benefits of the integrated organization. Employees are filled with concerns by the lack of information in terms what spillover effects will the integration bring on their lives. There is no clear plan in terms of job security resulting in employees waste time in discussing rumors and losing some of their motivation. 5.5.4.3. How to Implement it The following strategies provide companies with a means to plan and implement an effective communication strategy for M&A. The focus will be on post merger phase. Understand who the stakeholders are and how to craft a communication plan to fit them better. Persuaded employees to believe in the corporate vision and to act on it
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Managerial Economics
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Chapter 10 / Exercise G10-2
Managerial Economics
Froeb/McCann
Expert Verified
198 Take in account the logistical and cultural factors necessary to communicate with staff in diverse locations. Take into account feedback from employees by listening to their needs and concerns Ensure senior managers are committed to communicating the message consistently, firmly and honestly. Use multiple avenues communicate message such as through print, voice mail, e- mail, meetings, and video (Harrison, 2005) 6. Empowering, Training, and Coaching 6.1. Change Agents The term change agent is used for all those persons or groups of persons who are responsible for implementing change. There are two kinds of change agent: 1. Change managers, change leaders, or project managers for change projects 2. Members in a change management team who are executing the orders of the change leaders. When we try to empowering these two groups of agents, we must make sure they meet the different qualifications according to their groups. As for leaders, they are responsible for clarifying objectives and building teams.

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