Franklin Forum Roundup: Tips to Help Organizations Tread Water in Rough Seas

Buccino said the merger process from pre-planning to full effect took about 18 months. She said due diligence is vital to making a merger work, as are candor, finesse and time. She also urged attendees to set a breaking point for the merger, i.e., something that would stop it from happening. Philabundance established a dollar figure of a loss that it wouldn't be able to sustain, and that was its breaking point. Teams met on a weekly basis to report on their findings and keep track of whether they hit that dollar loss.