Change is never an easy concept to come by for anybody, but especially not for those involved with changes in their work environment. Two companies coming together can be difficult to cope with and difficult to initially merge. Both sides have to be willing to make compromises; it’s just like merging two families into one household who have different ways of doing things. Since Uwear has always been a public company they will have to get used to some of the changes of a private environment. Paledennium will have to get used to the changes of a public companies regulations since they have gotten used to the idea of being private.
Some of the things to consider with the merger between the private and public companies are the rules and regulations that are different between the two. Even though the two companies are both fairly small they are both different and will have some adjusting to do. The rules and regulations of both sides need to be presented in the meeting. Researching what has to change within the company before they can both be affiliated and become one would be the best way to prepare for the meeting (Cole, Adam 2012). Some people are going to lose their positions with the merge and it is important to figure out who that is going to be (Cole, Adam 2012). Also, some people are going to be on edge during the merger because they are going to be worried it is them.
When it comes to the topic of merging, I know that both companies have to be on the same page before the merge even begins. Both sides will have to make compromises because they are both two different types of companies in terms of public and private. There will need to be a lot of communication with employees and all parties involved because there will be rumors built up during this time (Cole, Adam 2012).
There are plenty resources used for helping out with a merger. One of the first resources to look into is the resource that talks about whether or not a merger is necessary or a good idea (Pritchett, 2012). There are also resources that help to decipher between a merger and an acquisition. One of the resources is the merger integration strategy and planning. It has the ability to predict the outcome of a merger. It also depicts the most crucial elements by combining the resources, assets, and processes (Pritchett, 2012).
Presenting to the management team is the beginning of the merge and can be the most crucial part. I would plan on presenting the regulations of both the private and public company and we intend on incorporating both regulations together. I would bring up how people might be less productive than normal because of all the changes. The lack of productivity could be for a lot of reasons; either they feel they may lose their position or they are just adjusting to the differences in their environment. I would tell the management team how I plan on approaching and dealing with situations like that.
I would present the information based on facts that have been researched and based on the agreements that both companies have compiled at that point in time. Both companies have already come together to some degree at this point but there is still work to be done in that department. The facts would come out first about the regulations and then the plans about how those regulations are going to come together. Then, I would plan for dealing with the immediate problems that would come up initially with the merge.
Cole, Adam (2012). NonProfit Standard. Retrieved from, http://nonprofitblog.bdo.com/index.php/2012/10/10/preparing-for-a-merger-or- affiliation-a-guide-for-board-members/
Pritchett (2012). Merger Integration And Strategic Planning. Retrieved from, http://www.mergerintegration.com/strategy-planning