corporate downsizing

Essay specific features

 

Issue:

Business

 

Written by:

Andres W

 

Date added:

September 7, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1716

 

Was viewed:

9119 times

 

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Essay content:

Today, the term downsizing is used to refer to a narrow effort to reduce the workforce and also to broaden efforts to improve work systems or redesign the total organization. Companies may downsize to increase capital, as a result of a merge with another company (where additional staff are not needed), poor cash flow (which results in payroll issues), changes in technology, and lastly due to a change in organizational structure (Krepps, 1997)...
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Reorganization/Restructuring. Reorganization involves changing the distribution of responsibility. It also has technical, political, economic and social aspects. Restructuring involves moving, adding, or the elimination of departments which aren't needed. Restructuring also helps by focusing on the strengths of the company (Hoskisson & Hitt, 1994)...
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