Answer to Question #219364 in Management for miro

Question

As a change management specialist recommend the best way to carry out the merger between the two banks. Outline a step by step process and discuss why these steps are important. Use strategies learnt in the MG 312 course to help you to outline the steps for the merger of the two banks?

Answer 1

Step By Step Process For The Merger Of Two Banks

•  Determine Growth Markets

- The bank's long-term viability depends on its ability to grow. It simplifies the acquisition of assets, the recruitment of fresh people, and the financing of investments. It is also responsible for the bank's profitability and success

•  Identify Merger and Acquisition Candidates.

-Companies merge for a variety of reasons, the most common of which is to exchange information, technology, or other resources, thereby enhancing the company's overall capabilities. In many circumstances, mergers also aid in the resolution of existing issues, the reduction of deficiencies, and the acquisition of competitive advantage in the market.

• Assess Strategic Financial Position and Fit.

-This makes it simple to assess financial demands and the resources needed to support and achieve your organization's ultimate goal, as well as plan for future expansion to ensure corporate success and sustainability.

• Make a Go.

- Banks utilize it to make crucial business decisions on, among other things, product and service strategy fit, technological capabilities, client acceptability market potential, and financial success

• Conduct Valuation.

- The goal of valuing is to assess the success of your strategic decision-making procedure and to be able to track achievement in terms of anticipated change in value rather than just revenue.