Locating a potential alternate buyer

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Actual Outcome

As the process of the acquisition played out, there was a time when it was determined that locating a potential alternate buyer could turn out to be beneficial to the company. As it is seen now, that was a beneficial step to take since the original desired buyer ended up backing out. One of the original goals was to keep as many employees with the company as possible to ensure the integrity of the company would remain. This would also show the potential buyer that this asset of the company would remain intact and worth something. While the company and change management team was mostly successful in this goal, there was still a loss of 5% of the employees by the end with still more concerned about their jobs moving forward. This fear indicates that the goal to keep the employees they had may completely fall apart before the acquisition is complete.

When reviewing what happened and what could have been done differently to produce an alternate outcome, it is important to remember that there is no guarantee a change in any portion of the acquisition would have determinately resulted in the desired outcome. The desired outcome in this situation relied heavily on the desire of the acquiring company. This is something that can be influenced by our company but not controlled. Perhaps one thing that could have led to a better understanding of what the employees thought would have been to survey them specifically about the acquisition. By understanding their anonymous thoughts on the project, the company may have been able to better prepare them for the change as well as react to their thoughts and prevent them from leaving.

Reference no: EM133199795

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