Surviving Mergers, Acquisitions, and Layoffs

In the last 20 years, American industry has undergone dramatic changes. As an example, three years ago, Barnett Bank was the largest banking institution in Florida. NationsBank, the major competitor to First Union Bank in the Southeast United States, then acquired it. Now those two names have disappeared from the banking landscape. The name holder of record is Bank of America.

Mergers, acquisitions, downsizing, and outsourcing are common household words today. The best way to respond to this ever-shifting environment is to think like an entrepreneur or a free agent: