Coach's Corner
By Zeke Zoccoli
()
About this ebook
What is forgotten in the chaos that happens during acquisitions, especially to managers and leaders, are these characteristics that make you the coach your people need.
A great coach rekindles what is inside their great team.
These writings are the sparks whose dream it is to recreate that flame, to help you remember or learn anew that which was washed away by the poor expectation and bad news that comes from being acquired or acquiring.
Because, in the end, it was never really about you anyway.
Zeke Zoccoli has held several executive and Chief Information Officer positions, most recently at CCS Medical, Gentiva Health Services, and Odyssey Healthcare. Zeke has received national recognition for innovation including Information Week Top 100 in 2010, Oracle Titan Award winner 2006, and Premier 100 CIO in 2004. He received his BA at the State University of New York Oswego.
Zeke Zoccoli
Zeke Zoccoli has held several executive and Chief Information Officer positions, most recently at CCS Medical, Gentiva Health Services, and Odyssey Healthcare. Zeke has received national recognition for innovation including Information Week Top 100 in 2010, Oracle Titan Award winner 2006, and Premier 100 CIO in 2004. He received his BA at the State University of New York Oswego.
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Coach's Corner - Zeke Zoccoli
COACH’S
CORNER
COACH’S
CORNER
Philosophies for
Managing Teams during Mergers and Acquisitions
James Zeke
Zoccoli
JoSaraLOGO.jpegJoSara MeDia
Coach’s Corner
Copyright © 2014 by James Zoccoli
All rights reserved. No part of this book may be used or reproduced in any manner whatsoever without the prior written permission of the copyright holder except in the case of brief quotations used in reviews.
Print ISBN: 978-0-9843049-4-3
ePub ISBN: 978-1-9397490-3-1
Published by:
JoSara Media
Tomball, Texas
1st eBook edition, February2014
Excerpt from Quicksilver © Joe Zoccoli used by permission of the author
Contents
The TEAM and M&A
The Origin of Coach’s Corner
Who is Zeke Zoccoli?
On the Bubble
Game Point
Where is the Reset Button?
Leadership and Hope
Should I Serve Someone Unworthy of Service?
It is Just Too Hard
It is About the Work
In Search of the X-factor
I Want Holes not Drills and Bits
Where does the Credit Belong?
The Future is Brighter When You Take Action
Gravity, The Expanding Universe, Quantum Mechanics Meets the Beverly Hillbillies
For Poppy
The TEAM and M&A
The coach (okay, maybe the general manager, but let’s not get technical yet) builds his team. He picks the players (hires them, trades for them, drafts them from college) that are either the best at their position, or have the potential to be the best. Or, often, he gets players who are already there when he got there, and he’s got to do his best with them. And then he does his job: he Coach’s the average to be good, the good ones to be great, and the great ones to be better. He teaches, he drills, he lets them make mistakes so that they can learn from them.
And then an acquisition happens.
Okay, so maybe not in the sporting world. But in the business world, Mergers and Acquisitions (M & A) happen frequently, and at an ever increasing rate. Given the huge sums of money in private equity, acquisitions and private equity buyouts will continue to increase. Large companies like Cisco and IBM actually have playbooks and entire departments devoted simply to the process of finding target companies and acquiring them.
There is a contract that exists between the board and executives of a company and the shareholders of that company. The contract breaks down into numbers: this number is larger over here therefore we must make cuts to this number, which eventually equates to numbers of people, ultimately to you and the group you manage.
It’s not personal, it’s business. But by the time it filters down to you and your team, it is most definitely personal.
Given the statistics of the rampant rise in mergers and acquisitions, sooner or later, it will happen to your team.
If you work for the company that got bought, many parameters will be out of your control. The numbers that are being looked at, which equate to the team you have built, aren’t even being looked at by someone in your company. Communications may be faulty or non-existent, giving grist to the rumor mill. Morale will most certainly be affected. Budgets, which affect people and projects, may be frozen, and eventually cut.
And through all of this, you still need to manage your team. How can you focus on that task amid all of the chaos?
If you work for the acquiring company, you will in fact have more information, you may be given the opportunity to be part of this merger of teams, and the selection process that determine which employees stay and who goes.
And through all of this, you will have to manage your team and parts of your new team; all of whom are experiencing the same chaos as you, but with less information and much more anxiety. Some will be upset; some will prematurely begin spending their work hours looking for other jobs; most will look to you for answers.
Through this process, the characteristics that made the team good before the acquisition activity are forgotten, to the detriment of both sides.
This book, this Coach’s Corner, is about those characteristics that made the