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Other Added - What Matters Most - Communication with Employees Is Key to a Successful M&A
Headphones Present New Challenges for Customer Service
As the workforce continues to age they can be expected that employees will more frequently be listening to personal music while at work. A recent study by Spherion shows that 22% of Baby Boomers listen to MP3 players or iPods at work while 48% of Generation Y listen to the music devices.As this trend continues there were several other trends that are likely to develop without proper preplanning:1. Safety issues. Employers will need to be careful with these listening devices do not distract employees from other important background sounds such as fire alarms, ringing telephone, calls for help from other employees, or other workplace “hearing” needs. Those companies that already have an ADA compliant workplace for the hearing impaired will have an advantage on this trend.2. Customer service issues. Baby Boomers are still moving markets. They are more likely to resent any business with employees using earpieces. An etiquette will properly develop much like email etiquette developed in the early days of the Internet. When it does, Generations X and Y will adopt it quickly.<
o previously separate organizations are combined into a third, new entity. An acquisition involves the purchase of one organization for incorporation iAs the workforce continues to age they can be expected that employees will more frequently be listening to personal music while at work. A recent study by Spherion shows that 22% of Baby Boomers listen to MP3 players or iPods at work while 48% of Generation Y listen to the music devices.As this trend continues there were several other trends that are likely to develop without proper preplanning:1. Safety issues. Employers will need to be careful with these listening devices do not distract employees from other important background sounds such as fire alarms, ringing telephone, calls for help from other employees, or other workplace “hearing” needs. Those companies that already have an ADA compliant workplace for the hearing impaired will have an advantage on this trend.2. Customer service issues. Baby Boomers are still moving markets. They are more likely to resent any business with employees using earpieces. An etiquette will properly develop much like email etiquette developed in the early days of the Internet. When it does, Generations X and Y will adopt it quickly.<
Why Every Student Should Start a Business
With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their cushy jobs. Everything is going back to normal. Or at least that is how it looks. Below are nine reasons why any student should start a business:You gain experience. Owning and running your own business is an incredible way to gain experience and credentials regardless of whether you decide to stay in business once you graduate. Jaime Gonzalez of Oklahoma State University received the highest job offer in his entire graduating class. Now, there are two kickers: First, he was the founder of an IT consulting company, and second, he had a 2.4 GPA. Hmmm...I wonder if starting a business helps in getting a better job when you graduate? You have nothing to lose. I think it's safe to say that most students dip into their parents' checkbook when it comes time to pay
A merger and acquisition is complete when the integration of the two companies is complete, not when the deal is announced to the marketplace or consummated according to a legal or financial transaction. Mergers and acquisitions (M&As) are a significant activity for many organizations. Yet most mergers are not successful, primarily because the "merger of two organizations is actually a merger of individuals and groups," according to Buono and Bowditch, authors of The Human Side of Mergers and Acquisitions: Managing Collisions Between People, Cultures, and Organizations.With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their cushy jobs. Everything is going back to normal. Or at least that is how it looks. Below are nine reasons why any student should start a business:You gain experience. Owning and running your own business is an incredible way to gain experience and credentials regardless of whether you decide to stay in business once you graduate. Jaime Gonzalez of Oklahoma State University received the highest job offer in his entire graduating class. Now, there are two kickers: First, he was the founder of an IT consulting company, and second, he had a 2.4 GPA. Hmmm...I wonder if starting a business helps in getting a better job when you graduate? You have nothing to lose. I think it's safe to say that most students dip into their parents' checkbook when it comes time to pay
A merger means that two previously separate organizations are combined into a third, new entity. An acquisition involves the purchase of one organization for incorporation in
The Importance of Business Checks
So you’ve started your own business, and you’re as proud as can be! You’ve got your business cards, complete with the custom logo that you had created especially for your new endeavor. You’ve ordered the stationary, complete with your return address on the upper left hand corner of the envelope. The gold nameplate for your office door will be in any day now, and so will the matching one for your desk. Your new desk phone is already programmed with every phone number you could possibly need. You’re all set to go- or are you? You are, as long as you’ve ordered your business checks.Your own, personalized business checks are the proverbial “cherry on top” of the “own business sundae”. You’ve built the major part of your company already, so that’s the ice cream. All of the fun doo-dads like the phone and business cards are the toppings and whipped cream. The pride reflecting from within you when you sign your first business check, complete with your name, your company name, your company address and phone number, and of course, your logo in the upper left hand corner.Think about it t
mated according to a legal or financial transaction. Mergers and acquisitions (M&As) are a significant activity for many organizations. Yet most mergers are not successful, primarily because the "merger of two organizations is actually a merger of individuals and groups," according to Buono and Bowditch, authors of The Human Side of Mergers and Acquisitions: Managing Collisions Between People, Cultures, and Organizations.So you’ve started your own business, and you’re as proud as can be! You’ve got your business cards, complete with the custom logo that you had created especially for your new endeavor. You’ve ordered the stationary, complete with your return address on the upper left hand corner of the envelope. The gold nameplate for your office door will be in any day now, and so will the matching one for your desk. Your new desk phone is already programmed with every phone number you could possibly need. You’re all set to go- or are you? You are, as long as you’ve ordered your business checks.Your own, personalized business checks are the proverbial “cherry on top” of the “own business sundae”. You’ve built the major part of your company already, so that’s the ice cream. All of the fun doo-dads like the phone and business cards are the toppings and whipped cream. The pride reflecting from within you when you sign your first business check, complete with your name, your company name, your company address and phone number, and of course, your logo in the upper left hand corner.Think about it t
A merger means that two previously separate organizations are combined into a third, new entity. An acquisition involves the purchase of one organization for incorporation i
How To Change The Unconscious Organizational Culture
As an executive you clearly recognize that the organization within which you spend your time has a psychological and emotional culture that is the synergistic sum of all of the beliefs as well as psychological dynamics that all of the people in that organization bring in the door with them.Such cultures often take on a life of their own despite the efforts of many to modify, change or manipulate them. The reason is that these organizational cultures often replay the early family dynamics of the individuals in them.Such family patterns are not only not well understood by HR departments they are also very difficult to shift once they become entrenched in an organization.What's more a given individual can have an enormous negative or positive effect on the organizational culture and therefore on the organization’s success or failure.Most managers are not only not aware of such issues they are also not trained in how to recognize or deal with them effectively.It has been my experience addressing such cultural issues that affect organizational success that they tend
s are not successful, primarily because the "merger of two organizations is actually a merger of individuals and groups," according to Buono and Bowditch, authors of The Human Side of Mergers and Acquisitions: Managing Collisions Between People, Cultures, and Organizations.As an executive you clearly recognize that the organization within which you spend your time has a psychological and emotional culture that is the synergistic sum of all of the beliefs as well as psychological dynamics that all of the people in that organization bring in the door with them.Such cultures often take on a life of their own despite the efforts of many to modify, change or manipulate them. The reason is that these organizational cultures often replay the early family dynamics of the individuals in them.Such family patterns are not only not well understood by HR departments they are also very difficult to shift once they become entrenched in an organization.What's more a given individual can have an enormous negative or positive effect on the organizational culture and therefore on the organization’s success or failure.Most managers are not only not aware of such issues they are also not trained in how to recognize or deal with them effectively.It has been my experience addressing such cultural issues that affect organizational success that they tend
A merger means that two previously separate organizations are combined into a third, new entity. An acquisition involves the purchase of one organization for incorporation i
Pain at the Pump
Everyone is feeling the pinch to the pocketbooks at the pumps these days. What can be done? Should anything be done? In this capitalist society it is not the duty of the government to interfere. However the gas prices are getting out of control. Katrina is over and production has recovered yet the prices increase. Oil companies are recording record profits. Obviously we need an alternative power source. However what is the incentive to a major company to invest in alternatives when oil is so profitable? Protecting the environment despite how obviously important it is has never been a motivator for companies.Some Senators are debating enforcing a winfall tax. However I feel this is a horrible idea. Studies show the free market is better suited for dealing with changes than the government. A winfall tax will take profits from the oil companies and put it in the hands of the government which it will no doubt be wasted or used to line the pockets of dirty politicians.My advice if any oil company execs are reading is to take your excess profits and invest in your own futures.
h, authors of The Human Side of Mergers and Acquisitions: Managing Collisions Between People, Cultures, and Organizations.Everyone is feeling the pinch to the pocketbooks at the pumps these days. What can be done? Should anything be done? In this capitalist society it is not the duty of the government to interfere. However the gas prices are getting out of control. Katrina is over and production has recovered yet the prices increase. Oil companies are recording record profits. Obviously we need an alternative power source. However what is the incentive to a major company to invest in alternatives when oil is so profitable? Protecting the environment despite how obviously important it is has never been a motivator for companies.Some Senators are debating enforcing a winfall tax. However I feel this is a horrible idea. Studies show the free market is better suited for dealing with changes than the government. A winfall tax will take profits from the oil companies and put it in the hands of the government which it will no doubt be wasted or used to line the pockets of dirty politicians.My advice if any oil company execs are reading is to take your excess profits and invest in your own futures.
A merger means that two previously separate organizations are combined into a third, new entity. An acquisition involves the purchase of one organization for incorporation i
Broaching the Salary Issue
Everyone has heard that you don’t ask about salary on the first interview for a job.In the best case, you don’t ask about it at all, because the interviewer brings it up, on the second interview. He or she will most likely say, "We should make sure we're in the same ballpark compensation-wise." But what if that doesn’t happen?If you have interviewed twice - the interviews are done, and you’ve left the building - and no one has said a word about what the job is paying, that’s not great. It means that the company is happy to use up your time without bothering to check in to see whether you’ll be interested in taking the job if you get an offer. What if you spend all this time interviewing, and the job pays ten thousand dollars less per year than you’d be willing to take?When you get a phone call, inviting you back for a third interview (meaning that you’ve been to two interviews already and salary hasn’t come up - and I’m talking about two separate visits to the company, not including a previous headhunter interviewer), speak up.When the hiring manager, internal recruiter
o previously separate organizations are combined into a third, new entity. An acquisition involves the purchase of one organization for incorporation into the new parent firm.Everyone has heard that you don’t ask about salary on the first interview for a job.In the best case, you don’t ask about it at all, because the interviewer brings it up, on the second interview. He or she will most likely say, "We should make sure we're in the same ballpark compensation-wise." But what if that doesn’t happen?If you have interviewed twice - the interviews are done, and you’ve left the building - and no one has said a word about what the job is paying, that’s not great. It means that the company is happy to use up your time without bothering to check in to see whether you’ll be interested in taking the job if you get an offer. What if you spend all this time interviewing, and the job pays ten thousand dollars less per year than you’d be willing to take?When you get a phone call, inviting you back for a third interview (meaning that you’ve been to two interviews already and salary hasn’t come up - and I’m talking about two separate visits to the company, not including a previous headhunter interviewer), speak up.When the hiring manager, internal recruiter
Too many companies enter into M&A activity without recognizing the impact on the organization and the overall affect on the human element within the two merging companies. M&A activities that do not meet corporate objectives can result in lost revenue, customer dissatisfaction, and employee attrition issues.
M&A researchers, consultants, and internal practitioners agree that using transition teams, an integration manager, and a comprehensive employee communications strategy rank among the best practices. Supporting best practices include; implementing strong comm
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