Every business wants to grow and growth needs a strategy. Over the last year, our industry has seen several mergers and acquisitions, both corporate and acreage. The goal of corporate M&A deals is to realize economies of scale for production and profits. These deals are complex to manage because you bring together two different organizations with different processes and ways of doing business. The key to realizing economies of scale faster in M&A is to implement process and spend management best practices across the newly formed organization.
How do you determine which best practice is better between the two companies?
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