| Post-Merger
Leadership Integration
Business
Imperative
A global banking corporation had recently undergone a merger creating
an emerging opportunity for a relatively small business unit to
grow into a major contributor to the revenues and success of the
business. To accomplish this, however, they needed to unify a new
leadership team derived from the recently merged business with divergent
styles and personalities. Additionally, they needed to eliminate
distractions associated with the merger, which had created an ineffective
decision-making process.
Leadership
Response
The bank engaged Stratton to help the leadership team meet their
objectives. Implementation of the plan included:
- Establishment
of a clear leadership mandate with the business' senior executive
- Facilitation
of strategic dialogue among members of the new leadership team,
including the senior executive and his direct reports
- Executive
coaching of leadership team members
- Facilitation
of management processes and team development
- Design and
implementation of long-range communication and alignment processes
to engage the rest of the organization
Accelerating
Toward Success
Stratton began with interviews of the executives to assess their
current reality, then facilitated a team offsite and conducted follow-up
debriefings. The team generated the business' overall game plan
and articulated a long-range vision for the business unit. They
identified and began to track specific measures of success. Significantly,
they also committed to a team agreement, making explicit their expectations
of each other for relating effectively as a team. Team members took
personal responsibility for creating meaningful changes in the climate
and culture of their organization. Next, we focused on executive
coaching, and facilitated improvements in the unit's basic operations
and "teamsmanship." As their vision and ambitious new roles were
developed, we helped design and implement a communication and enrollment
program for the entire organization. In the process, specific action
was catalyzed around a number of strategic initiatives that were
identified as key to the business' success.
Results
Our work accomplished three objectives. It:
1) Accelerated
the development of a high-performance leadership team characterized
by:
- A clear
vision and bold goals
- A sense
of shared leadership responsibility
- Speed,
flexibility and responsiveness
- Core values
and behavioral expectations
- High levels
of accountability
2) Cultivated
a powerfully aligned leadership team, focused on near-term strategic
goals as well as the long-term vision
3) Prepared
and positioned the entire organization to move quickly toward
implementation of strategic plans and accomplishment of ambitious
goals
In addition,
the team established a reputation for maintaining - even improving
- productivity while accelerating through traditional merger issues.
This ability to quickly and efficiently complete post-merger integration
has positioned the business for dynamic future growth.
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