As with most strategies in business, the key is managing expectations. According to theory, most employees will be shocked or angry if they discover that a business they have worked hard for is being sold.
[header] How to manage a change in ownership (when taking over a business ) [title] Change management is a skill that most leaders and managers will have to employ at some point in their careers-and business buyers will have to learn the basics almost immediately. [step] People react very differently to change; some thrive on it, while some prefer stability. The key during a transition is to ensure that everyone feels included in the new regime.