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How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

  • 1.  How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-09 09:34

    What are some examples of successful communication strategies and channels?



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    angela
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  • 2.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-09 11:18
    Edited by Gloria Archer 2023-11-09 11:19

    Hi @angela middleton

    This is a great question.  

    The following is a quick one-sheeter that can be used to draft a high-level effective communications strategy.  In short, it will help to ensure the right people (in this case, all stakeholders impacted by the M&A), know the right information, at the right time, from the right people/sources. 

    Regarding communication channels, I would leverage as many credible pre-existing channels as possible (i.e., quarterly townhalls, company intranet site, departmental newsletter, investor relations calls, press releases, etc.), and customize additional channels as needed (i.e., functional mailbox for stakeholders to send questions, FAQs, etc.)

    I hope this helps!<o:p></o:p>



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    Gloria Archer
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  • 3.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-10 09:40

    Thank you Gloria. This is a great planning tool. I'll try to save this to our M&A library. I absolutely agree to leverage existing communication channels from trusted messengers to help deliver change information and encourage adoption.



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    angela
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  • 4.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-10 10:23

    It's my pleasure, Angela.  If there are any challenges saving to the M&A Library, I will send to you as an attachment.

    Have a great day,

    Gloria



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    Gloria Archer
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  • 5.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-10 12:39

    Yes Gloria. I can add it to our library. Please send an attachment at your convenience.



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    angela
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  • 6.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-14 11:02
      |   view attached

    Hi Angela,

    Please find attached downloadable version of the Communications Planning Template. 

    Have a great day,

    Gloria Archer



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    Gloria Archer
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  • 7.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-11 08:28

    Some written vehicles I use ...

    Cross-project: roadmap and scorecard.

    PM: project charter, project plan (timing and assignments), status report

    Process: future state scripts and process flows, customer lifecycle model

    People: Awareness Blast, Elevator Pitch, Training Approach, Go-Live Announcement, Closure Report.

    Technology: Storyboards, Test Approach, Deployment Plan



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    Robert Snyder
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  • 8.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-11 21:47

    Thank you Robert. You've covered a broad audience with these vehicles. You've given someone a leg up with these examples. Thank you providing links to these documents.



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    angela
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  • 9.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-11 16:09

    Effective communication = Targeted messaging. Whether the messaging is geared to an individual or specific stakeholder groups within the M&A, people need to feel like you're addressing them. If the messaging is too generic and doesn't highlight the specific impacts (good or bad)  relevant to them it becomes ineffective or less effective.



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    Marie Medina
    The Corporate Butterfly
    www.thecorpbutterfly.com
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  • 10.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-11 21:50

    Absolutely Maria. Also, including self-service resources I found help employees feel empowered during a transition. 



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    angela
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  • 11.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-13 20:03

    Indeed, Angela!



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    Marie Medina
    The Corporate Butterfly
    www.thecorpbutterfly.com
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  • 12.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-17 19:27
    Edited by Maria Hrabikova 2023-11-17 19:27
    Hi Angela,
    I have started working with Prosci's Communication Checklist, which I consider to be an invaluable resource for creating and assessing effective communication plans. 
     
    For instance, as per the checklist, preferred senders should repeat key messages five to seven times. When communicating a change, it is essential to repeat key messages multiple times. People tend to immediately think about how the change will affect them and may miss important details. We should share these messages more often than we may initially think.
     
    Furthermore, Prosci recommends that the first communications about a change should always focus on the following: 
    a) why the change is happening, 
    b) why it is happening now, and 
    c) the risk of not changing. 
    It is crucial for the change team to ensure that the communication strategy consistently reinforces "the why behind the change" during the entire project lifecycle. This is especially important for change initiatives with a long period between the initial communication and implementation. 
     
    At the same time, Prosci's research has found that face-to-face communication is the most effective mode of communication for change initiatives. While meeting someone live in person or virtually may take more time, the effort delivers far more value than an email message.
    Here is the link
    Hope it helps,
    Maria 



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    Maria Hrabikova
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  • 13.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-19 10:08

    Thank you Maria for your comment and for the link. I too use some of Prosci's documents and slides to help our trusted messengers with why their delivery is so important as we develop our communication strategy. Something about hearing information from a trust source and channel does help with adoption. 



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    angela
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  • 14.  RE: How do you communicate effectively with your stakeholders, employees, customers, and partners during a merger or acquisition?

    Posted 2023-11-19 12:29
    Edited by Maria Hrabikova 2023-11-19 12:29
    Thank you for your feedback, Angela.
     
    It's wonderful to hear you're using Prosci's documents and slides to support trusted messengers in your communication strategy. Delivering information through trusted channels, such as Prosci and its resources, can significantly boost adoption and engagement. If you have any specific examples or insights from your experience with these materials or similar ones from other institutions that you'd like to share, I would be very interested in hearing more about them.
     
    I wish you an excellent start to the new week.
    Maria 



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    Maria Hrabikova
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