SITUATION Four large US telephone providers merged to create a national wireless service. With a combined workforce of more than 30, 000, the new company needed a communication platform to integrate its four business units. To quell the rumor mill and sustain productivity, it was important to keep employees abreast of breaking news about integration plans, customer and staffing issues, partner companies, public news releases, and changes to organization design and HR programs. SOLUTION This problem can be solved by building trust and acceptance, and keeps employees focused on the important work at hand. It can mitigate damage caused by the rumor mill and relieve anxiety.
In the past, corporate communications dealt mainly with creating carefully worded and packaged messages that were sent out to employees. Now, leading companies are emphasizing dialogue, face-to-face meetings, and listening, in addition to more traditional methods. (Fulmer, William E. 2000.
) Generally, it pays to begin by offering at least the employees of the acquired company, who are more likely to feel anxious about the imminent change, a chance to air their concerns. These initial meetings also give them the chance to become acquainted with the organization that is going to have such a determining effect on their future. A successful merger is a competition against time. No athlete starts to prepare for a competition at the starting signal. The detailed search for synergies and cash-flow analysis, and the development of a financial plan, an implementation plan and a communication plan must be ready before the merger.
The Essay on Functions Of Management Company Plans Supervisor
... and generate a company wide focus I would improve communication between top management and front line employees. Often plans instituted by top ... management loose some of their focus by the time they reach the front line employee. A company ... -wide program to improve customer service may reach the front line employee as simply a ...
However, the time and resources required are often underestimated. This is where external resources can add value. Of course, in an ideal world, this type of communication would eliminate all uncertainty for employees. But there will inevitably be times when people do need to be left in the dark, for the simple reason that it is not yet clear what needs to be done or who will do what. In such cases, it is better for people to be told honestly that things are up in the air.
When people are told nothing, as opposed to when they are told frankly that a decision has not yet been made, the rumors really start flying. (Cushman, Donald P. and Sarah Sanderson King, 1995. ) Part of living in a protean organization is living with uncertainty about the future. People who are relatively comfortable with ambiguity will not only weather a merger situation more easily, but they will be more valuable to many organizations experiencing rapid change. (Marks, Mitchell Lee.
, 2003. ) Anyone who has been an eyewitness to a merger will attest to the intensity of emotion and human drama involved. There is no other corporate phenomenon that stirs up so many passions a testament to the multilayered significance of such an event. An open information policy will inspire the merger internally and externally – as soon as the employees support the merger, they act as internal ‘catalysts’. If managers and employees are well informed, if there is clarity about the future vision, they are more prepared to commit themselves to the company goals. Customers and suppliers also need to be informed.
This is more than just a minor diversion: a merger is a fantastic chance to extend business relations and to face competitors more successfully which have hitherto only been lying in wait for a decline of performance. Leaders of companies that have been successful with acquisitions and integrations realize, first and foremost, that this is a process dependent on people and that these people may be at their most insecure and vulnerable. The best leaders remember that an acquisition will profoundly affect many people’s lives and that these are the very people who will make or break the success of the merger. After the initial flurry of the announcement, ensuring employees’ ongoing dedication to making the merger work can be even more challenging. If people feel that the decisions about their future and work are being handed down from on high by others they neither know nor trust, they are not likely to feel much enthusiasm for the integration process. For that reason, a final best practice is to involve as many people as possible, as early as possible, in the planning process and to involve people at all levels of both companies.
The Term Paper on True North Communications, Inc. Company Profile
The company that our group decided to profile and document is True North Communications Incorporated. True North is a top global advertising agency and communications company with more than 280 offices worldwide. The company is based out of Chicago, Illinois and is found at 101 East Erie Street. It can be reached on the Internet using the web address, www.truenorth.com. In 1994, True North became ...
One of the most telltale signs of an arrogant acquirer is that the merger process is planned almost exclusively, or at least predominantly, by the acquiring company (remember the warning sign: ‘We bought them’? ) Involvement of people from both sides can take many forms: o Integration teams that focus on specific aspects of the integration, offering recommendations, developing, and often implementing integration plans o Meetings and focus groups to provide feedback on these recommendations from other people across the company o Widely disseminated real-time information: a constant flow of e-mails, electronic bulletin-board postings, and other interactive methods of communication that keep people informed of what is going on and solicit their input. (Adams, W. A. , Michael Bowker, and Cindy Adams, 1999. ) The benefits of asking for people’s advice and suggestions go well beyond making them feel part of the process.
The real reason for reaching out to people at all levels of the organization has to do with arriving at those elusive synergies that every acquisition aims for and very few manage to achieve. Communication professionals are often not involved in planning and decision-making at the start of the merger process. This makes it difficult to argue the case for an effective communication strategy and for resources to be allocated accordingly. The return on communication is also not easily quantified. While few senior executives would argue against the need for merger communication, the return on investment in communication is less easily demonstrated than the return on other merger-related activity. This can lead to communication being regarded as “desirable” rather than mission-critical.
The Essay on Executive Shirt Company
Mr. Collier, per your request, I have analyzed Executive Shirt Company’s current production process in addition to evaluating both Mike and Ike’s recommended processes for custom shirt production. Elements considered during this analysis included: Process types, cycle time for the processes, process efficiencies, and costs. Each element is key to identifying the best course of action for Executive ...
But when adequate resources are allocated to strategic communication, it can play a critical role in promoting the success of the merger. Two-way communication, listening as well as telling, enables management to convey business, strategic, or tactical decisions and receive important employee input. Successful communication can inspire faith in and support of the company’s vision and culture. Effective communication is a complex challenge, but measurably worth pursuing. Good communications professionals whether internal resources or outside consultants, can add a great deal of value by helping executives define and clarify the key messages that they will deliver. Simplifying complex ideas is an art, and not all executives are good at it.
Communications professionals can coach executives, write drafts of speeches, prepare presentations and tool kits, and build on-line, two-way communication vehicles and content. References Adams, W. A. , Michael Bowker, and Cindy Adams. The whole systems approach: involving everyone in the company to transform and run your business. Provo: Utah Executive Excellence, 1999.
Cushman, Donald P. and Sarah Sanderson King. Communicating organizational change: a management perspective. Albany: University of New York Press, 1995. Daniel, Teresa A.
and Gary S. Metcalf. The management of people after mergers and acquisitions. Westport: Quorum Books, 2001. Fulmer, William E. Shaping the adaptive organization.
New York: AMACOM Books, 2000. Marks, Mitchell Lee. Charging back up the hill: workplace recovery after mergers, acquisitions, and downsizing. San Francisco: John Wiley & Sons, Inc. , 2003. Nixon, Bruce.
Making a difference: strategies and tools for transforming your organization. New York: AMACOM Books, 1998.
