Develop a model that can be repeated

Develop an M&A strategy based on frequency, size and timing of transactions, and put in place processes and people that support consistent deals

Take a look at the big picture

Align your M&A strategy with your overall strategy, determine where to invest and divest, and set priorities based on your aspirations

Enhance critical capabilities

Create a full list of target companies, a screening framework, an M&A roadmap and a plan to approach the targets

Risk and safety should be re-evaluated

Scale versus scope – understand the reality and learn why scale is not always safe and scope is not necessarily risky