n Management Today - Implementing BEE : radical change in direction required




Extracted from text ... Management Today June 2006 47 Implementing BEE: radical change in direction required M Mergers and acquisitions made in the name of black economic empowerment have often had to sail 'stormy seas' with many sinking into the 'depths of failure.' Lessons learnt from these failures, provide overwhelming evidence that the transformation processes that have to be embarked upon across BEE transaction cycle requires careful planning and executive led implementation, with CEOs and boards playing a visible and active role. Some of the problems encountered in the absence of such rigour are _ the lack of a clearly defined vision and strategy ..


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