Objectives
- Level-set on the integration communication process, plan, and best practices
- Define a set of integration communication guiding principles
- Discuss communication progress to date
- Discuss major audience segments and communication priorities
M&A Communications Process
Notes:
- Communications Team will include representatives from both organizations
- Approval process for communications plan, core messages, and each specific communication will be determined
M&A Communications Plan
A Reminder: The Merger Challenge
Three new, predictable dynamics at work
- Increased uncertainty and ambiguity
- Drop in trust level
- Self-preservation dominates
Counter Intuitive Moves
“To Don’ts”
- STABILIZE
- BE FAIR
- FOCUS ON MORALE
- BUILD A COMMON CULTURE
- PROMISE BUSINESS AS USUAL
“To Dos”
- CHANGE FAST
- MAKE THE HARD DECISIONS EARLY
- FOCUS ON BUSINESS
- BUILD ON CULTURAL STRENGTHS
- PROMISE CHANGE
PRITCHETT’s Point Of View:Common Communication Mistakes
- Playing “Carnac the Magnificent”
- Sugar coating the truth
- Forgetting the “Me” in Merger
- Holding back the compliments
- Ignoring staggered experiences
Playing “Carnac the Magnificent” ...
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