Managing Uncertainty in Divestitures*
Uncertainty can damage the productivity of an organization prior to its divestiture. The Managing Uncertainty workshop protects performance during the vulnerable "hang time" between the announcement of the divestiture and the closing of the sale.
Topics Addressed
- Announcement-to-close divestiture dynamics
- Communication and talent retention best practices
- Differences between managing uncertainty and managing change
- Clarification of priorities
- What change does to personal energy and productivity
- Techniques for managing personal energy and productivity, with coaching points and action plans
Key Objectives
- Provide insights on how to retain key playes without over-promising or overpaying
- Set the right expectations about the divestiture process and its inherent complexities
- Identify potential opportunities
- Teach how to communicate effectively even when there are more questions than answers
- Coach on how to keep the organization engaged and focused despite distractions
- Instruct on how to "wait and do" rather than "wait and see" while the divestiture is being planned
- Shoot down misconceptions about the sale
- Reinforce the business logic behind the deal
- Demonstrate how to use the PRITCHETT toolkit to tackle pre-close priorities
- Advise on how to plan for multiple future scenarios without becoming rigidly attached to any one outcome or timeline
Toolkit
- Navigating uncertainty
- Managing the transition
- Communicating effectively
- Maintaining business focus
- Retaining key players
Books
Primary Result
This high-impact program protects the value of the organization and sets the stage for its future success.
* PRITCHETT recommends that divested organizations roll out the shorter version of this workshop to employees.
|
