Miller’s Monday Morning Message
presented by ACM Consulting Inc.
Andrew Miller on operational excellence, strategy, life balance and everything in between
Toronto – July 22, 2013
Since Loblaws announced this past week that it would be acquiring Shoppers Drug Mart, I thought I would bring back some ideas from a recent Monday Morning Message on successful acquisitions. I had identified three key things that organizations need to do in order to be successful in their acquisitions:
And I would like to add one more:
These are important for Loblaws to remember as the acquisition of Shoppers Drug Mart will have a very complicated integration. On the surface, the acquisition looks like a great fit because the organizations compliment each other and are not major competitors. But when you look deeper into the acquisition, Loblaws will have some tough decisions to make:
“This is a very interesting acquisition,” says Andrew Miller, president of ACM Consulting. “It really takes Loblaws to another level in terms of what it can offer to customers and how it can compete against the likes of Target and Walmart. The next 12 months will be essential to the success of the acquisition.”
To request an interview or more information, please contact:
Follow me on Twitter @AndrewMillerACM
© Andrew Miller. All rights reserved. 2013.