Is your business preparing for an upcoming M&A? In this episode of #3FastFacts, we share the must-haves for a successful Day 1, including how to have empathy for employees, how to share the future vision and direction, and how to find the natural leaders.
Transcript
Liz Rickard
2018 was a record-breaking year in the world of mergers and acquisitions. And in the first half of that year alone, over two point five trillion dollars was announced in deals.
Andy Rugeroni
And this trajectory isn’t slowing down. 70 to 90 percent of deals still fail to increase value. Why is this? It’s because leaders and change teams are failing to address the human factors that can slow down integration.
Liz Rickard
Day 1 is a critical milestone. So here are three fast facts about how to make your Day 1, a very successful and engaging one for your employees.
Andy Rugeroni
Recognize that significant times of change like these can be really frightening for employees. David Rock’s SCARF model details the five key elements people are concerned with at times like these. And it’s really important that when planning your Day 1, you recognize this, walk in employees’ shoes and ensure that your Day 1 celebration is as empathetic and balanced as possible.
Liz Rickard
Day 1 is about marking a historic milestone for your company, so use this as an opportunity to talk about the future vision, the direction of the company, and actually what you can be achieving together. Don’t distract from the celebrations by talking about those important decisions, such as location announcements or leadership appointments.
Andy Rugeroni
Equip local champions and communicators to make sure that the Day 1 experience is as culturally relevant and appropriate as possible. Ensure that you’re using simple, visual, and shareable content so that you can share the output of Day 1 across the globe and ensure that you’re covering not only the main sites, but everywhere, because Day 1 is for everyone.
Liz Rickard
So, act on these fast facts and make your Day 1 a huge success!