What feedback can be offer offer in this general product/service design process used for the business opportunity below;

Bar Harbor's overall strategy to acquisition involves the typical format of acquisitions of the past. Initially, the company will need to develop a good acquisition plan which will outline what the company expects to gain from the targeted company (CFI Team, 2022). The search criteria for potential targets should include profit margins, new market access, and customer base within the geographic location (CFI Team, 2022) Once the criteria has been defined, a list of targets can be compiled. The next step requires some finesse. The target banks will need to be approached to see if they are interested in being acquired. BHBT will need to consider the target bank's overall seat in their respective community in order to predict steps towards a successful acquisition. This starts with considerate and respectful inquiry conversations. If these go well, then the potential target company will need to provide current financial records to perform a valuation analysis and evaluate targets (CFI Team, 2022) . After valuation models have been created, and a target company has been chosen, BHBT will need to present an offer and enter into negotiations with the target company (CFI Team, 2022) . Before purchasing the company, due diligence must be performed in order to be sure the original analysis of the target company was correct (CFI Team, 2022). Finally, a sale contract, finance strategy, and then closing seals the deal. Once the documents are signed and the acquired company is paid, the challenging part begins; implementation.

Sara

Reference

Corporate Finance Institute (2022). Mergers and acquisitions m&a process. Retrieved:

https://corporatefinanceinstitute.com/resources/valuation/mergers-acquisitions-ma-process/