A new Deloitte report says the next U.S. president’s transition team should adopt some of the lessons derived from mergers and acquisitions in the private sector in order to facilitate transition and integration efforts in the government.
“The Presidential Transition: Translating lessons from Mergers & Acquisitions” report calls on the next administration’s transition team to stabilize the workforce through talent retention and morale building efforts as well as establish accountability and leadership, Deloitte said Thursday.
The report also noted that the transition team should develop a mitigation plan, evaluate programs and priorities, establish milestones, set timelines for current operations and integration as well as promote a two-way communication.
“During my years of M&A work, I learned one of the most important aspects to a successful integration is clear lines of communication, which is why this idea of bilingualism between business and government is so important,” said Jessica Kosmowski, principal at Deloitte Consulting and a federal strategy leader.
“There is a difference in culture and in context that makes it so important for all parties to strive to become business-government bilingual,” Kosmowski added.