To read this content please select one of the options below:

As another M&A wave begins: three keys to success

Strategy & Leadership

ISSN: 1087-8572

Article publication date: 15 March 2021

Issue publication date: 7 July 2021




As the Covid-19 crisis recedes, struggling firms will be bought by bargain hunters and suffering industries will consolidate, giving rise to another wave of M&A transactions. But buyers beware! There is ample evidence that M&A creates significant post-deal performance issues for acquiring “buy-side” firms.


New research shows that effectively managing three processes of acquisitions can have an outsized beneficial impact on M&A success.


Recent research has identified three mission-critical tasks that stand out as being vital to creating M&A success: Process 1: Accurately valuing targets. Process 2: Proficiently managing post-merger integration. Process 3: Skillfully addressing the “big-three human factors” of M&A.

Practical implications

Robust talent retention and re-recruitment plans initially entail identifying key talent, defined as individuals and groups who are essential to retain and re-recruit during a transitionary period and those required for long-term value creation.


The articles describes best practices for post-deal M&A activities companies could perform better including operations and technology integration, communication, cultural analysis and integration, talent management and retention, senior leadership involvement and measurement and reporting.


Galpin, T.J. (2021), "As another M&A wave begins: three keys to success", Strategy & Leadership, Vol. 49 No. 2, pp. 14-21.



Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

Related articles