Tata Interactive Launches Simulation Seminar

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<strong>London &mdash; Oct. 16</strong><br />Last year saw an estimated $4 trillion of mergers and acquisitions (M&A) around the globe, yet even as this trend continues, more than 65 percent of these transactions will fail to post the returns that prompted them in the first place, primarily because of such things as inadequate cultural integration and the lack of a clear and effective integration process.<br /><br />An Accenture survey of top M&A executives across the US, Europe and Asia revealed that, when asked about the critical factors in successful M&A integration:<br /><br /><ul><li>55 percent singled out the orchestration of the integration process.</li><li>More than 40 percent mentioned understanding of cultural integration issues and the establishment of organizational structure and accountabilities.</li><li>30 percent emphasized commitment and leadership from top management and communication strategy.</li></ul><br />According to the global learning provider Tata Interactive Systems (TIS), makers of the TOPSIM business simulation, this shows that the benefits of an acquisition are not generated automatically once that acquisition is over. <br /><br />They need to be achieved through skilful integration of the businesses, process and people and their roles and functions.<br /><br />Many M&A executives recognize the importance of the “soft” aspects of the integration process &mdash; aspects that deal with communications, organizational cultures, structures, etc. Yet, too many companies are under-prepared to deal with these aspects of an acquisition.<br /><br />To help combat this, TIS has extended the range of its TOPSIM workshops to address specific post-merger integration (PMI) issues. <br /><br />These PMI workshops guide participants through a series of post-merger scenarios, posing particular challenges in the areas of integration planning, expectation setting, organizational culture and communication.<br /><br />&ldquo;TOPSIM is a management development simulation that was developed over 25 years ago and is now used by over 100 companies and 400 universities worldwide,” said Manoj Kutty, TIS president of simulations. “TOPSIM simulations, deployed in a blended workshop setting, offer the participant an in-depth understanding of functional skills along with managing the business operations within an industry such as banking, insurance, retail and pharmaceuticals. It&rsquo;s about learning business by doing business &mdash; and, where the PMI workshops are concerned, providing a critical learning path for business integration managers.&rdquo;

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