Surviving a Merger

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Surviving and Thriving...

When two organizations merge, staff members from the original companies are typically left wondering who will stay, who will go, and what will the structure of the new organization be?

The problem is, some of the talent and resources are often deemed redundant in the new structure. Few positions are really safe: After all, you only need so many accountants, administrative support personnel and executives to run a company!

When faced with a merger, your challenge is to figure out your best means of survival. You can do one of two things. Either you find a way to stay, or you exit graciously.

The best survival strategy is one that keeps both options open. That way, as the merger begins to take shape, you have some control over what happens. Whenever you can exercise control, you reduce your stress levels. This leaves you with sufficient emotional resources to manage your situation with confidence.

Your Merger Survival Plan

Confidence is key to your survival when you are faced with a merger. To build the confidence you need, you'll need to develop a merger survival plan. Here, we'll show you a four-pronged approach to mergers. This will help you do what you need to do to emerge happy and satisfied, once the dust settles and the winds of change have blown through.

The four-part plan consists of:

Contingency planning.
Relationship building.
Proving your value.
Change advocacy.
Completing a merger doesn't happen overnight. All mergers have a transition process, so you should have time to prepare, and focus your energies so that you have the best chance of survival.

https://www.mindtools.com/pages/article/newCDV_78.htm