The Challenges of Making Creative and Cutting-Edge Decisions in Merged Companies

1. Introduction

The need for business decisions that are both creative and cutting-edge has never been greater than it is today. Global issues, such as rapidly emerging economies and accelerating globalization, demand that companies maintain their sustainability in order to stay competitive. This often means making tough decisions about which parts of their business to keep and which to let go.

One way that companies can stay ahead of the curve is by merging with other companies. This can provide a number of benefits, including access to new markets, increased economies of scale, and enhanced customer service. However, it can also be a challenge to make sure that all of the companies involved are on the same page when it comes to standards, computer systems, safety, quality, and productivity.

In this paper, we will review the literature on merged companies and identify the challenges that they face in terms of making creative and cutting-edge decisions. We will then develop a conceptual framework for how these companies can overcome these challenges and make effective decisions. Finally, we will present our research methodology and findings, and offer conclusions and recommendations based on our analysis.

2. Literature Review

There is a growing body of literature on the topic of merged companies and the challenges that they face. In a recent article, KPMG (2018) identified a number of these challenges, including setting up new IT systems, dealing with different cultures and work practices, and managing employee expectations. They also noted that one of the biggest challenges is making sure that the merged company meets all of the regulatory requirements in each jurisdiction where it operates.

Another recent study by McKinsey & Company (2017) found that almost 60 percent of mergers fail to create value for shareholders. They attribute this largely to poor execution, but also note that many deals are driven by financial engineering rather than strategic thinking about how the two companies can complement each other. As a result, these deals often do not live up to their potential and can even destroy value.

This literature provides a good foundation for understanding the challenges that merged companies face. However, there is still a need for further research on how these companies can overcome these challenges and make effective decisions. In particular, there is a need for case studies that examine how successful merged companies have managed to make creative and cutting-edge decisions.

3. Conceptual Framework

In order to understand how merged companies can make creative and cutting-edge decisions, it is helpful to develop a conceptual framework. Figure 1 below presents a model for how these companies can overcome the challenges they face and make effective decisions.

The first step is for the company to establish clear goals and objectives for the merger. This will help to ensure that all of the stakeholders are on the same page from the outset. Once these goals have been established, the company should conduct a thorough analysis of each business involved in the merger. This will help to identify any areas where there may be synergies or complementarities between the two businesses.

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FAQ

Some of the challenges associated with merging include figuring out how to combine two different company cultures, overcoming resistance from employees who are worried about job security, and dealing with the increased complexity that comes with managing a larger organization.

Brainstorming can be used to overcome these challenges by generating ideas for how to address each issue, coming up with creative solutions that take into account the different perspectives of both companies, and making sure that all stakeholders have a chance to contribute to the decision-making process.

Some of the benefits that can be achieved through successful mergers include increased market share, economies of scale, greater efficiency, and the ability to tap into new customer segments.

To ensure that they make the most creative and innovative decisions when merging, businesses need to encourage open communication and collaboration between employees from both companies, give employees time to adjust to the changes, and create an environment where new ideas are welcomed.

Some of the pitfalls that businesses need to avoid when merging include losing sight of their core values or goals, failing to integrate the two organizations effectively, and making decisions based on short-term gains rather than long-term success.