Post merger integration is a specific issue in the life of a firm
It is a complex one because it puts the firm as a whole in a situation of urgency and stress
It asks for clarity and involvement of all stakeholders working inter-dependently, whereas the day-to-day business life is managed by small teams
It asks for solutions-driven advisors and strong empathy.
Typical PMI Programme Management Issues | Potential Solutions |
Pre-deal advisors do not offer global post-deal capabilities: Consulting groups have specific cultures and soft skills (eg top-down vs collaborative approach) Lack of consistency in the methods. Limited scope of expertise. Cultural issues when project teams are internationally staffed
| Provide a service scope beyond traditional boundaries: Identify PMI-related expertise required based on the context and the risk assessment rather than on the pre-existing set of available capabilities. Identify and nurture a win-win partnering model with SSP's (Strategic Sourcing Partners). Secure work with local advisors by selecting experts with a "common language".
|
Executives have to build an efficient cooperative platform between functions: | Provide bundled services from strategy to shop-floor implementation, across functions and geographies: Develop innovation by embedding world-class expertise : marketing innovation, IT architecture, use of NICT’s… A specific workstream is build on H2 optimise the project. Extend partnership model abroad based on innovation and local position.
|
Unclear value for the money spent: Unclear role on actual implementation whereas this is perceived as the main issue. General perception that the expertise is on the client side and not enough on the consultants' side.
| Provide alternative solutions to measure project sucess and link it with advisory costs: Identification of additional benefits linked to consulting involvement (source tracking). Success fees related to operational and/or financial indicators.
|
Update 02.13.2010