This timely study examines the emotional and behavioral reactions to mergers and acquisitions. Astrachan's central focus is on separation anxiety-the cognitive and emotional state caused by cues of impending departures. He used a simulation of a merger situation to examine the effects of anxiety about employee departures on individuals and work groups in an existing company. Specific questions addressed include: Is separation anxiety stimulated by the anticipated termination of work group members? Does the number of people who are leaving a group affect anxiety? How do the experiences of those who are leaving differ from those who are staying?
Astrachan begins with two chapters that explore the relationship between mergers, acquisitions, and separation anxiety at the individual and group levels and look at the specific patterns of behaviors and emotions that result from separation anxiety. He then describes the design of the mergers and ecquisitions simulation that served as the study's primary method. The fourth and fifth chapters describe, quantitatively and in the participants' own words, the results of the simulation exercise and the study's findings. Exploring work group members' behaviors and emotions during the simulation, Astrachan addresses such issues as the similarities among groups within the company and the effects of mergers on various employee groups. Finally, the author addresses the implications of his research for a greater understanding of separation anxiety in everyday life. In an era of recurrent corporate mergers and acquisitions, their effects on the employees who are let go, on those who stay, and on the organization are important issues for human resources executives, organizational consultants, and stress management specialists. Astrachan's study marks an important beginning to the examination of these critical issues.

Mergers, Acquisitions, and Employee Anxiety: A Study of Separation Anxiety in a Corporate Context

Business & Money

Astrachan, Joseph H.

Management & Leadership

Praeger

Aronoff, Craig E., Ward, John L., Astrachan, Joseph H.

Family Business Sourcebook II

Ward, John L.

Aronoff, Craig E.

Business Owner Resources

Where a business was once almost invariably handed from father to son, it is now increasingly passed from a founder to a next-generation sibling team. Brothers and sisters own and run businesses together in relationships that can be characterized by strength, joy, love and support or by dysfunction, disharmony and disaster. This book is for business-owning parents who want to position their children for success as co-owners and co-leaders in their family business. It is for those children's wives and husbands who want to be supportive and yet not overwhelmed by the dynamics of the family into which they've married. And this book is for those who are or who may become part of a team of sibling owners or managers. Making Sibling Teams Work will help those who have accepted the responsibility of preserving and building a business to find success in their own generation while setting the stage for the generation to follow. In Making Sibling Teams Work, you'll learn: *How parents can improve the odds of next generation success by treating their children as a unit, challenging them to work as a team and resisting the temptation to intervene. *How in-laws can prepare themselves for their roles and play them effectively. *How brothers and sisters can gain the knowledge, skills and commitment to ensure successful working relationships. *How to develop the necessary infrastructure of governance, policies, and procedures to provide the framework for planning, decision making and accountability. *How to assure that Mom and Dad won't divide the sibling team. *How to nurture positive personal relationships among siblings and their spouses. *How to develop and articulate the sibling team's values and goals. *How to prepare for the coming cousins' generation. The second generation can be a very vulnerable time in the life of a family business. Making Sibling Teams Work will show how teams can pilot a family business through this critical phase.

Making Sibling Teams Work: The Next Generation (Family Business Leadership Series Volume 10)

Mendoza, Drew S.

Bussiness Owner Resources

If your family is like most business-owning families, painfful conflict among family members is one of your greatest concerns. Improving communication is one of your greatest hopes and desires. Curing conflict and smoothing communication is what Conflict and Communication in the Family Business is all about. 
Nothing distresses a business-owning family as much as conflict among family members, or frustrates it so much as the inability of family members to communicate with one another satisfactorily. 
This book, the newest title in The Family Business Leardership Series helps you understand conflict and how to deal with it constructively. It provides you with a clear view of some of the very common dynamics that surround conflict. It offers ideas for improving your negotiation skills and suggests strategies for coping with difficult family members. 
This is the perfect book for all members of business-owning families. When everyone is working together to improve communication skills and conflict, achieving your shared dreams becomes much closer to reality. 
If you are a non-family executive in a family business, an advisor to families in business or an outside director on a family business board, you will also want to read this book. Conflict and Communication in the Family Business will help you inderstand the dynamics of the business-owning family and allow you to serve the business more effectively. 
Conflict and Communication in the Family Business is different from other material you may have read on the subject in that it emphasizes family communication and shows what goes on beneath the surface of family conflict. 
Everyone talks about family conflict and communication. Now you can actually do something about it. Start by having everyone in your family read Conflict and Communication in the Family Business.

Conflict and Communication in the Family Business

McMillan, Kristi S.

Family Enterprise Publishers

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Books by Astrachan, Joseph H.