So the workmen wrought, and the work was perfected by them, and they set the house of God in his state, and strengthened it.
True
to the spirit of the biblical saying and applying it to the
corporate world, it may be said that corporates are wrought
by human resources, perfected by them, and set in place and
strengthened again by them. Human resources are the propellers
that steer forward the business houses through economic `rains,
hails and storms'. There is no activity in the corporate arena
that could take place sans the invisible lifeline called the
workforce. And, surely too, in such important operations as
Mergers and Acquisitions (M&As) amongst large business
houses, the corporates do depend largely upon their manpower
for success in the implementation of the plans.
These
M&A activities are warranted by plans for viable expansion
of business and motivated by logical anticipation of enhanced
returns. Hence, this commercial phenomenon of M&As is
invariably preceded by extensive and detailed planning, including
a kind of mercantile or industrial prognostication as to the
future the economy can offer to the concerned corporates.
Balance sheets are thoroughly read and interpreted, conversion
ratios of shares meticulously computed, capital adequacies
and business ratios are methodically worked out, and financial
projections painstakingly evaluated well before the decisions
on merger or acquisition.
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