Mergers and acquisitions should never be taken lightly, say management manuals. Not only are you asking two companies to integrate under one corporate mission, but you are bringing together large groups of people with their own personalities, ambitions, behavioural traits, and ways of working. They warn that without a clear strategy, effective project management, and open communication between stakeholder groups, the merger or acquisition will struggle to deliver the desired results. The process must be transparent and realistic, and involve all areas of management if success is to be achieved. The failure rate is 90 per cent. The merger of
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