Integration of employees is such a critical aspect of any M&A transaction, yet most entrepreneurs spend too little time planning for and executing this element. The planning for this phase should start the moment you decide you’re going to pursue an acquisition, not when you’re already in due diligence. My guest, Jennifer Fondrevay, is an expert in the human capital aspect of M&A transactions. She’s personally been part of several large M&A transactions and has seen firsthand how the human capital piece can sour an entire deal.
Jennifer shares key insights on the most overlooked aspects of integrating people, best practices for handling human capital and how COVID has changed the landscape and the challenges it presents in truly analyzing this part of any deal. Jennifer is engaging forthrightly in her advice which comes from firsthand experience.
Jennifer Fondrevay told me something that I have never before heard from a guest. As a young child, she wanted to become the Ambassador to France and even more remarkably she continued to have that goal throughout her college years into graduate school. Jennifer’s father is French and her grandmother lived with them until she was three years old, so she learned French first, English second. She majored in French and political science undergrad and then continued with her graduate studies at the Thunderbird School Of Global Management where she studied international business, specializing in marketing and advertising. Jennifer figured if the ambassadorship didn’t materialize, her fallback plan was in marketing or advertising. It appears to have worked out extremely well, although Jennifer’s Dad still hopes that she’ll pursue the diplomacy route one day.
I was interviewed on the podcast, GOING SOLO: Building Your Own Successful Business After a Late Career Job Loss. Listen to host David Shriner-Cahn and me discuss strategies for listening for important clues about gaps in the marketplace LISTEN HERE
The people challenges of Mergers & Acquisitions [03:29]
A premortem: getting all senior leaders on the same page [07:50]
Taking into account the future that employees envision for themselves [09:48]
The stages that employees go through during a merger [12:05]
How to let go of past achievements and pivot how you can contribute to the future [15:30]
The part about Mergers & Acquisitions no one’s talking about [18:04]
If you’re passion about it, that can make you a force for good [20:58]
https://www.middlemarketcenter.org/podcasts/the-pandemic-playbookLeaning on her deep understanding of companies in transition, Jennifer Fondrevay joins Doug Farren and the National Center for the Middle Market to share what business leaders have done to lead their organizations through COVID-19 and the uncertainty of 2020, and how these lessons can help others grow.
Companies around the globe are increasingly pursuing M&A as a growth strategy. Odds are, at some point in your career, your company will be one of them. Jennifer J. Fondrevay and Chicke Fitzgerald, CEO of soluntionz INNOVATIONS, discuss how Jennifer’s book helps those in the middle of it all, from C-suite executives to team leaders and players, come out stronger on the other side to help their companies do the same.
CONVERTING A BUSINESS TRAUMA INTO A BOOK WITH PAT IYER
Some of the most helpful books develop from the author’s painful experiences. Three traumatic mergers and acquisitions (M&A) drove Jennifer Fondrevay to embrace the opportunity to help others successfully handle such crises. She has received very rewarding feedback from her readers and ended up with a career as a consultant. In this episode of Writing to Get Business, you will learn how becoming an author can be a life-changing experience.