Executives from IT and operations often aren’t included in the due-diligence process for M&A, so companies may not know enough about the costs and practical realities of integration. Companies can’t accurately forecast the savings from merged supply chains, for example, without understanding what’s required to integrate IT systems. Yet McKinsey’s work on postmerger management found that 50% to 60% of the initiatives intended to capture synergies are strongly related to IT. Source: HBR

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Since the attacks of September 11, 2001, tourist travel to the United States has been 20% lower than previously, and Americans‘ outbound tourist travel has been down about 14%, economist Alan King of the University of Otago in New Zealand reports on the basis of a study of travel payments and receipts.

Other studies that have shown just a transitory effect on tourism don’t take into account the dollar’s depreciation after the attacks, King says.

Source: HBR, The Daily Stat