Mergers and Acquisitions are complex. Evaluating and deciding how two organizations will transform into a single successful venture requires comprehensive due diligence. This involves investigating everything from financial records to business models to intellectual property.
Yet, there’s one element of prospective companies that often gets deprioritized during this rigorous process. People.
Read MoreDigital transformation in any organization is a very big change. But change must happen for any business to survive. The most recent report 2019 Executive Perspectives on Top Risks states boards and C-suite leaders globally are most concerned about their organizations’ ability to transform so they can compete with organizations that are “born digital.”
Read MoreChange is inevitable, especially in today’s evolving digital economy. The majority, if not all, organizations will undergo a transformation in the coming years. This could be the result of a merger or acquisition, a product expansion, a strategic pivot, or a digital transformation.
We wanted to explore how leveraging data in your change management approach can help combat several challenges business leaders face that contribute to the 70% failure rate. To investigate how data can elevate your approach to change management, we sat down with two experts: Cynthia Siewert and Tammy Marino MBA, Ed.D.
Read MoreThe skills gap is growing problem facing numerous industries. No company, big or small, is exempt from a potential skills shortage, particularly in technical skills. According to a recent study, 60% of U.S. employers have job openings that stay vacant for 12 weeks or longer. On average these vacancies are costing businesses up to $800,000 annually.
However, the implications of a skills gap takes on a different, often more intense meaning for a growing venture than an established corporation.
Read MoreMergers and Acquisitions (M&A) offer an effective strategy for companies looking to enhance their competitive advantage and bottom line. According to the Institute of Mergers, Acquisitions and Alliances, the number of M&A deals decreased by 8% in 2018. However, the average value of these deals has increased to 3.8 trillion USD.
These numbers show us that the financial stakes of M&As are higher than ever, and the importance of achieving post-merger synergies is vital to the long-term success of the companies involved.
Read MoreEmployee engagement has become an overused buzzword and often misinterpreted as only developing "engaging" cultures that keep employees happy. Statistics tell a different story.
In 2018, it was predicted that 42 million employees would leave their jobs.
Why are these statistics so dismal if employers are emphasizing employee engagement?
According to a recent poll of nearly 5,000 professionals, the top reason people are looking for a new job is that they are bored. Employees don't feel like they are challenged enough and are seeking new means of professional growth.
Read MoreThe phrase digital transformation has become a regular buzzword in the business world. Organizations are gearing up to incorporate new technologies like cloud infrastructure, AI, and the Internet of Things, all promising new operational efficiencies and competitive advantages.
CEOs referring to "digital" in their strategic plans increased from 2.1 percent in 2012 to 13.4 percent in 2018. It's not all talk either. Gartner predicts worldwide IT spending is projected to total $3.8 trillion in 2019, an increase of 3.2 percent from expected spending of $3.7 trillion in 2018. Those are some significant, expensive commitments to change.
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