Once business markets stabilize there will be a huge wave of mergers and acquisitions, and businesses will have to be prepared. In this book, the authors (merger and acquisitions experts) have completely revised their groundbreaking work, Joining Forces. They provide a successful M&A framework to help organizations, managers, and employees navigate a merger or acquisition in today's rapidly changing, global climate. This new edition covers all aspects of mergers and acquisitions, addressing the new strategic, human, organizational, and cultural challenges and showing how to develop an ongoing merger mindset.
Mitchell Lee Marks is an internationally recognized expert on corporate transitions (including mergers, acquisitions, alliances, downsizings, and restructurings), corporate culture, leadership development, and executive teambuilding. He is a member of the faculty of the College of Business at San Francisco State University and leads JoiningForces.org, a change management consulting firm. Philip H. Mirvis is an organizational psychologist whose research and practice concerns large-scale organizational change, global corporate responsibility, and the changing character of the workforce and workplace. He has been an advisor to companies on five continents and has authored ten books and over 100 scholarly and practitioner articles.
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 Precombination Phase. 3 Strategic and Operational Preparation. 4 Psychological Preparation. Precombination 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 Postcombination Phase. 9 Building the New Organization and Culture. 10 Joining People and Teams Together. 11 Damage Control and Recovery. Postcombination Checklist. V Building M&A Competence. 12 Tracking and Learning from the Combination. 13 Joining Forces Building M&A Competency. Endnotes. Index.