Last year, Investor Place reports, the deal volume of mergers and acquisitions (M&A) was the highest since the financial crisis. The pace in 2015 is supposed to top that. This reflects the drive to enhance competitiveness. Those strategies could include adding new product lines, increasing market share, gaining access to proprietary technology and/or reducing costs.
It’s not about just your job
As the two companies become integrated, your career is in play. That’s what you have to pay attention to. The impacts of any M&A are bigger than simply your job.
So many scenarios are possible.
• There could be redundancies in manpower in functions ranging from law to marketing. That means your job could be eliminated. That could happen whether your company has been acquired or it’s the one initiating the takeover.
• You could remain employed. However, your job is changed significantly. You have to make the decision to adjust or begin a search for a position outside the company.
• Maybe the emerging organizational culture is no longer a good fit for you. Staying there could damage your personal branding. You must leave.
Here are 7 moves on how to protect your overall career:… Continue Reading…
Employment for life is increasingly a thing of the past – even at the executive levels, according to a study recently published in the Harvard Business Review. Executives are switching jobs more frequently – on average every four to five years.
If you’re looking to take the next step in your executive leadership career, here are some guidelines and keys to crafting a winning executive resume that’ll make you stand out as a candidate, whether you’re in the public, private or non-profit sector. … Continue Reading…