Implementation of EffectOperational Exellence Management ofin Merger and Acquisition of Formatted: Centered, Line spacing: single

Billabong Legacy Acquisition Process by Boardriders Inc.

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Prepared for
Prof. Djoko Susanto, MSA, PhD
Lecturer of Leadership Communication
MMUGM

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Prepared by Formatted: Centered, Line spacing: single

Alvian Tamba
Dion Wicaksono
Genial Achmad Eka Prabawa
Students of MMUGM International 7

April 29th 2019 Formatted: Superscript

Jakarta, April 29th 2019 Formatted: Justified, Line spacing: single
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Prof. Djoko Susanto, MSA, PhD

Lecturer of Leadership Communication
MMUGM Jakarta

Dear Sir

Enclosed is the report requested on The EffectImplementation of Operation Exellence Formatted: Justified, Indent: First line: 0"

Management in of Merger and Acquisition of Billabong Legacy Acquisition Process by

Boardriders Inc. In this report, we will discuss Boardriders Inc. post-integration process, what

problems aroused, and target that need to be achieved. We implement the Operational Excellence

Management method to analyze the issues encountered.

The information in this report came from Printprinted documents, annual company reports, and

online resources as well as the information form one of our team member, Genial as current

Boardriders employee.

Thank you for the opportunity to conduct this research. We appreciate the chance to apply our

knowledge to give insight to Boardriders Inc on how to understand the mitigate the Merger and

Acquisition effect and mitigate the issue with implementation of Operation Exellence

Management.

If you have any question in regard to this report, kindly help to contact us.
Sincerely Sincerely Sincerely

(Genial Achmad EP) (Alvian Tamba S) (Dion Wicaksono)

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Table of Contents Formatted: Centered, Line spacing: single
Implementation of Operational Exellence Management in Billabong Legacy Acquisition Process Formatted: Centered, Line spacing: Double

by Boardriders Inc.

Executive Summary

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Boardriders Inc. should implement Operational Exellence Management in their post-

acquisition process to mitigate the issue aroused. Having two similar company merged can be

inefficient, thus the management need a quick and on point solution to overcome this problem.

Operational Excellence includes aggregating and aligning all corporate activities with a singular

goal. To achieve Operational Excellence is to sustain a system that ensures all facets and levels

of the organization work towards continuous improvement.

Almost 1 year since its acquisition, Boardriders Inc. hasn’t integrated their organizational

structure yet. We interviewed some of the employees and found out that changes that happened

make them feel uncertain and demotivated. On the other hand, cultural values or different norms

of people within each companies integrated and also other variables in those companies can also

be a problem. In numbers, after Billabong Inc. acquisition, BOD of Boardriders also set target

for saving $93M of EBITDA. The target is projected to save in average $23.25 million each

year.
 Operation Excellence Management has been proven to be a good method in resolving a

lot of problem in company operational issues and increase their performance and efficiency.

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