Project

Business Mergers project

Sponsor

General Manager

Project Management

Business Development Manager- Cliff Smith

Start Date

01-10-2021

Project Duration

4 months

Team

Recommendation

Cliff Smith, Business Development Manager

Adam Barkley, HR Manager

John Kale, IT officer

Mary joseph, Finance Manager

Tom Lee, Sales Manager

Specific Business Need

The company has expanded its operation to various territories worldwide. There is a need for company to merge with other established firms in the industry so as to reduce completion and develop goodwill and dominate the market.

Objectives

· Need for security against failure

· New incentives to the managers

· To enjoy scales of economies

· Need for diversification

· New tax benefits

· To eliminate corruption

· Develop brand image

· To enjoy market share

· To achieve synergy effect

· To achieve growth and development

· To enhance transparency

· Eliminating competition

· To gain market power

· To create leader in the sector

· To expand internationally

· To achieve cost reductions

· To develop talent sharing

Constraints

· The company will be required to decorated the building of the merged company, office layouts, and develop a new for identification

· Some workers may need to be retrenched, others trained and hiring of new workers which may be costly to the company.

Success Criteria

The company will enough Assets, labor, customer Base and wider market for its products.

Authorization Signatures

Sponsor:_______________________ Date:____________________

Project Manager: ________________ Date: ____________________

Project Title:

Business mergers report

Date Prepared:

Dec 29,2020

Earningss

Journalists

County director

General Manager

Development Manager

Employees

Suppliers