Skip to main content
Video

#3FastFacts – Preparing for an Upcoming M&A?

and

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!

Liz is a Senior Principal and a member of the global leadership team at Daggerwing Group, applying her background in Organizational Psychology and more than 20-years of consulting experience to serving as a source of strategic counsel on change to Executives of many of the world’s largest firms. From managing the people side of major global mergers and acquisitions to helping firms strengthen culture, sharpen leader decision-making speed, bust silos, implement new ways of working and adopt new capabilities, Liz is an expert in driving sustained business impact and improved employee performance. Liz is also an active speaker and thought leadership producer, as well as a driver of service innovation within Daggerwing. Since COVID curtailed Liz’s life of traveling the world on business transformation assignments she had finally found time for something she’s always wanted to do: train to be a Level 3 ITC Professional Massage Therapist.
Andy is a Senior Principal and a member of the global leadership team at Daggerwing Group. In his role, Andy serves as a source of strategic counsel to Executives of many of the world’s largest companies facing major business transformation challenges – from mergers, acquisitions, and spin-offs, to enterprise-level changes to culture, ways of working, and operating models. A specialist in the people side of change, Andy brings almost 20 years of experience helping drive Executive Alignment, leadership change readiness, and effective employee engagement to ensure change happens and sticks. Andy is an active speaker, thought leadership writer, and catalyst for service innovation within Daggerwing. In his spare time, he is on a quest to try every cheese the UK produces.
Take the change diagnostic