What are the basic steps in Strategic Planning in Merger?

The basic steps in strategic planning for a merger include conducting a thorough analysis of both companies to assess their strengths, weaknesses, opportunities, and threats (SWOT analysis). Next, stakeholders should define clear objectives and goals for the merger, followed by evaluating potential synergies and cultural compatibility. The plan should then outline the integration process, including timelines and responsibilities, and finally, establish metrics for success to monitor progress post-merger. Engaging communication with all parties involved is crucial throughout the process.