WEBVTT 1 00:00:00.452 --> 00:00:03.035 (bright music) 2 00:00:06.600 --> 00:00:08.490 Some deals look perfect on paper 3 00:00:08.490 --> 00:00:11.280 until the post-merger integration phase starts. 4 00:00:11.280 --> 00:00:13.830 That's when companies often make a critical mistake. 5 00:00:13.830 --> 00:00:18.150 They aim for good enough PMI instead of full potential PMI. 6 00:00:18.150 --> 00:00:19.740 A cost-driven approach to integration 7 00:00:19.740 --> 00:00:22.080 can deliver necessary efficiencies. 8 00:00:22.080 --> 00:00:24.870 But in many cases, there is significant additional value 9 00:00:24.870 --> 00:00:26.730 on the table that can only be captured 10 00:00:26.730 --> 00:00:28.350 through a transformation. 11 00:00:28.350 --> 00:00:30.810 Full potential PMI pursues integration 12 00:00:30.810 --> 00:00:33.570 and transformation objectives from the outset. 13 00:00:33.570 --> 00:00:35.910 Considering the company's starting positions, 14 00:00:35.910 --> 00:00:38.940 their financial promises to the investment community, 15 00:00:38.940 --> 00:00:42.423 and the full potential opportunities that the deal enables. 16 00:00:43.320 --> 00:00:45.990 Leaders can then develop a plan that prioritizes 17 00:00:45.990 --> 00:00:49.590 and sequences activities to capture all the available value 18 00:00:49.590 --> 00:00:51.360 in the right sequence 19 00:00:51.360 --> 00:00:54.360 that combined companies gain the right cost structure, 20 00:00:54.360 --> 00:00:58.020 the best growth plan, enhanced organizational structures, 21 00:00:58.020 --> 00:01:00.960 and a roadmap to sustained success. 22 00:01:00.960 --> 00:01:05.520 For CEOs, M&A is often about innovation, top line growth 23 00:01:05.520 --> 00:01:07.470 and strategic transformation, 24 00:01:07.470 --> 00:01:11.310 objectives that go beyond consolidation and cost synergies. 25 00:01:11.310 --> 00:01:14.160 That's why it's critical to ensure that PMI is a platform 26 00:01:14.160 --> 00:01:16.712 for maximizing the deals full potential. 27 00:01:16.712 --> 00:01:19.295 (bright music)