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Company Integration
Currently we have several clients who are involved in acquiring, merging or otherwise integrating the operations of their company with another. This is a very exciting way to grow because of the upside of almost immediate revenue dollars but behind the scenes there are thousands of details that need to be managed.
If these details are not managed correctly then the chances of those additional revenue dollars turning into profits are slim to none - losses are more likely.
There is a great short article called "The Right Way - and Some Wrong Ways - to Make an Acquisition" written by Wharton / GE Capital that outlines some best practices. The dynamics of integration do not change whether it is a $10M company integrating a $1M company or a $100M company buying a $10M company or simply trying to tie together a strategic partnership.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
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