Incorporating comprehensive career development and pathing strategies during an M&A can make a substantial difference in employee retention and organizational success. By providing transparent career paths, investing in training, and maintaining robust mentorship and performance management programs, companies can foster a supportive environment that encourages growth and stability.
Read MoreWhether through public acknowledgment, personalized thank-you notes, digital recognition platforms, or financial incentives, recognizing and appreciating your team is an investment in the success of your merger or acquisition.
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The recent FTC ruling banning non-compete clauses will heighten the challenge of retaining key talent during mergers and acquisitions.
In February 2024 Benoit Global conducted a survey involving 150 business and technology leaders who had recently completed the “MIT Artificial Intelligence: Implications for Business Strategy” certification and analyzed their responses for adopting and integrating Artificial Intelligence (AI) in their workplaces. The results revealed an overall enthusiasm for implementing AI, but with mixed levels of preparedness and significant gaps in knowledge, infrastructure, and strategic planning.
Read MoreEffective communication during a merger or acquisition can make all the difference. By being transparent, consistent, and inclusive in your communications, you can help ease the transition for your employees, maintain morale, and set the stage for business success.
Read MoreIn the dynamic landscape of mergers and acquisitions (M&A), the significance of culture is often likened to an iceberg - much of its bulk, its potential to either support or sink an integration, remains unseen beneath the surface. While financial and strategic aspects typically dominate the M&A process, neglecting the cultural component can be a recipe for disaster.
Read MoreCorporate culture is an often understated but crucial driver of performance in the dynamic realm of business. As we enter the age of artificial intelligence, and the need to adapt faster than ever, the impact of culture becomes magnified. As a business leader, you don’t get to decide if your business has its own corporate culture – you can only influence it if that culture arises by design or if it’s simply what happens when nobody is paying attention.
Read More“With Artificial Intelligence, we are summoning the demon.” - Elon Musk
Ready or not, business disruption due to the rapidly accelerating evolution of artificial intelligence (“AI”) has arrived. Although there are real concerns about potential job displacement, ethical misuse, and the erosion of human creativity and skills, AI has become a critical enabler of competitive advantage.
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