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Uploaded on Jun 17, 2011
Jamie Whitmore, director Executive Talent Development at Merck spoke about "Performance Management -- Mergers and Acquisitions Facilitator." He noted that performance management was a key lever that was used to facilitate two mergers in the past four years: First, the Schering-Plough acquisition of Organon BioSciences and second, Merck's acquisition of Schering-Plough. The tools in place for performance management were varied and even paper-based. In both cases, the project to implement a global performance management system was kicked off before the merger was finalized. Merck has completed its first cycle with solid success and is now preparing for the next phase of its talent management solutions: talent reviews and succession planning.