- What does your attrition analysis tell you about employee stability in the organization? How is it likely to affect your organization’s evaluation by a potential buyer?
- Actionable steps: Based on finding from your retention analysis, provide three specific actions that the organization can take to prevent employees from leaving. Provide rationale.
Alternative buyer research report: Recommend one potential buyer from the alternative buyer options list provided and justify your choice. Visit the potential buyer’s website and research the company’s market and financial situation. Include this recommendation as an appendix in your report.
Explain your recommendation based on the following selection (and rubric) criteria:
- Current market: Describe the current market of the selected potential buyer.
- What types of products does this organization manufacture?
- Who are their customers?
- In which industry do they compete?
- Financial situation: Analyze the organization’s (potential buyer) financial situation, including revenue, expenses, and profitability.
- Recent developments: Visit your selected organization’s (potential buyer) website and review their news and announcements over the past year. What notable recent events has the organization experienced that might make them more or less attractive to your organization as a buyer? Explain your reasoning.
- Buyer rationale: Justify why this potential buyer is the best option for the life sciences organization. Use data from your research to support your rationale.
Acquisition road map: Develop an acquisition road map as a tool for sharing the project with the strategic planning team and the guiding coalition.
Specifically, you must address the following criteria:
- Acquisition-related tasks :
- Describe the tasks and steps that have already been taken toward an acquisition since you were appointed to the strategic planning team.
- Recommend the tasks and steps that would need to happen over the next one to two years to evaluate and complete an acquisition. For each task and step, provide estimates for how long it will take to accomplish them, the responsible parties, and any dependencies.
- Gantt chart: Using the provided template, create a Gantt chart that visually illustrates the tasks and steps that you’ve indicated above (Note:You can copy the chart to include it in the road map document). Your chart should include the following:
- Indicate tasks and steps that have already been completed since you were appointed to the strategic planning team. For example, be sure to include guiding coalition, industry, and competitive research aspects.
- Indicate “in process” tasks and steps that are currently being performed.
Exit strategy recommendations and plan: Outline your change management strategy for transition after the acquisition.
Specifically, you must address the following criteria:
- Change management strategy: Using Kotter’s change model as a guide, explain each step of the change management strategy that you recommend. Your response should address the following:
- How will you create a sense of urgency?
- How will the guiding coalition continue to guide the change? Who will they impact? Identify which critical tasks from the acquisition road map the guiding coalition should complete. Also, determine the expected timelines for these tasks to be completed.
- What is your strategic vision for the company, its operations, and its employees after the acquisition?
- What is the plan for enlisting a group of employees to get other employees united around the common vision?
- What barriers to change do you foresee? How do you plan to remove them?
- How will you track progress?
- How will you communicate short-term wins?
- Summary: Summarize your strategy and assessment of risks.
- Describe the overall strategy that you recommend for the organization’s acquisition goals.
- Explain how the strategy will fit in the business environment of the oncology market segment in the pharmaceutical industry. Consider using an external business environment analysis to inform your conclusions.
- Risks: Identify three potential risks that may be associated with your recommendation and explain steps the organization can take to mitigate those risks.
What to Submit
A 16- to 20-page Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style. Consult the Shapiro Library APA Style Guide for more information on citations. This report should include the following sections:
- Guiding Coalition Recommendations
- Employee Attrition Analysis Report
- Alternative Buyer Research Report
- Acquisition Road Map
- Exit Strategy Recommendations and Plan
The following resources support your work on the project:
Resource: HR Employee Attrition Survey
This spreadsheet contains employee details such as attrition, demographics, and so on.
Resource: Employee Personas
Use these personas to recommend individuals for your guiding coalition.
Resource: Organizational Chart
Use this chart as a reference in order to see where in the organization each of the persons sits relative to other leaders of the organization. The chart will also provide you with a visual of their sphere of direct influence. (There is also a text-only version.)
Resource: Alternative Buyer Options
Use this list of global biomedical companies to select one company to research as a potential alternative buyer.
Resource: Gantt Chart Template
Use this template to create a Gantt chart to support your acquisition road map.
Resource: Footnotes and Appendices
Use the Appendices section of this resource for help with adding an appendix to your report.