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O P I N I O N
Embrace change
Whether it’s growth, ownership transition, diversity and inclusion, or technology, firms shouldn’t shy away from change if they want to be successful.
C hange is inevitable. The AEC companies that prepare for and encourage change not only have a much better chance of survival – they are much more likely to thrive. The key is to deflect the changes that result in negative consequences while embracing changes that create intelligent disruption and allow companies to become stronger, more robust, and more viable. More importantly, the leadership team must have the vision to anticipate and analyze changes before they materialize.
David Wantman
The playing field constantly changes, so it only makes sense that companies shift accordingly. Companies must proactively initiate internal changes rather than simply react to external changes because, at that point, it may already be too late. ❚ ❚ Mergers and acquisitions produce immediate change. The moment a merger or acquisition is finalized, both companies are forever altered. There- fore, it’s critical that the union is harmonious and advantageous for both entities. Both companies need to thoroughly evaluate one another to ensure cultural compatibility, financial soundness, and the structure of the “new” firm going forward. Remem- ber that, to some degree, both firms will change. When companies combine, it is essential to identify professionals who want to be leaders, not just
passive participants. To make mergers and acquisi- tions work beyond the honeymoon period, leaders at every level must stand up and take responsibil- ity for the integration. Those who lead through the integration process end up as the future leaders of the “new” firm – ushering in change and fresh ideas that invigorate the team, and the resulting growth needed for the firm’s continued success. Through sincere communication and addressing any issues head-on, corporate acquisitions add real excitement and reignite commitment within the par- ent firm and its shareholders. It brings immediate, substantial change that organic growth can’t match. ❚ ❚ Organic growth is also essential. Yet, organic growth has its own important benefits. Many of the
See DAVID WANTMAN, page 10
THE ZWEIG LETTER April 22, 2019, ISSUE 1293
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