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It's been an interesting month with the release of both the Federal and State budgets. Unfortunately, the sentiment with which they were delivered indicated that our key economic and financial leaders believe we are still in for a bumpy ride over the coming months and maybe even years. Having said that, we are fortunate that compared to some countries, we have a smaller, more agile economy that can react more quickly to changes - both negative and positive. So as things start to pick up, we should feel the impact sooner!
This of course means being prepared for continual change - as things remain uncertain. Experienced and capable change management professionals are still in demand during these times bringing much needed strategic and tactical support to organisations under pressure.
This week we examine positive ways of dealing with mergers and acquisitions as well as understanding the workplace expectations of the latest generation - Generation F (Facebook)!
We also spend Five Minutes with... Jennifer Long an experienced change management consultant.
We hope you enjoy this month's newsletter.
- Helen Haley and the team at Allegra Consulting
Mergers and Acquisitions
Mergers and acquisitions continue to provide business with a means of expanding into new markets, sourcing new skills and knowledge, reducing competition and many more benefits. So when a business decides to merge with or buy another business, how much focus is given to the financials considerations and the people related factors?
Organisations clearly need to consider the impact of people related risks – the loss of key people, incompatible cultures and a confused employee base are just a few of the possible outcomes of M&A activity. A tailored change management program can result in a successful integration of two organisations.
Cameron and Green in their book Making Sense of Change Management (2nd edition, 2009) have taken available research and distilled it into five learning points they consider pivotal for successful M&A activity:
1. Communicate constantly
2. Get the structure right
3. Tackle the cultural issues
4. Keep customers on board
5. Use a clear overall process
Click on this link for a great article which highlights the importance of involving employees in the process as strategic partners with a stake in the outcome.
Talk to Allegra Consulting about how we can support the achievement of excellence in your business.
Change Management news and views
This section in our newsletter aggregates a variety of insights and commentary via links to readily available articles and videos on the web. Some may be in-depth, some short, some old, some new and some quirky! But we hope they are all useful. Note that we will indicate if the link goes to a video.
1. Governance is key to the success of organisational change
Strong governance structures that provide open decision-making forums and include participation by all key decision-makers and employee representatives can be key to successful organisational change.
Link to governance article
2. Change Management Case Studies
Meet the latest generation - Generation F (Facebook) - and their workplace expectations. This Wall Street Journal article puts your company to the test. Are you "with it"?
Link to Generation F article
Work with Allegra Consulting
Change Managers (contract roles) – Expressions of Interest
We are looking for change practitioners who have experience supporting complex systems change projects.
You will be part of a team supporting the implementation of a new platform which will impact this global organisation moving forward. To be successful you must have proven experience in the development and delivery of effective change communications, identifying and supporting key stakeholders, impact assessment and planning activities and designing and delivering training programs.
Please contact Diane Lynch at Allegra Consulting on 03 9614 1616 or
diane@allegraconsulting.com.au for further information on any of these opportunities.
As always, if you or someone you know is looking for a change management related role, please contact us.
Five minutes with...
Every month, we publish a short Q & A with some of the world's most experienced change management practitioners. This month we spend five minutes with:
Jennifer Long, Change Management Consultant.
Read Jennifer's Q&A
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