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Essay specific features
Written by:
Roxanne M
Date added:
September 4, 2015
Level:
University
Grade:
B
No of pages / words:
5 / 1161
Was viewed:
8699 times
Rating of current essay:
Essay content:
The goal of this reduction in personnel was to reduce internal costs by eliminating a large percentage of CC’s upper and middle management. The main issue with this reduction is CC has lost most of its skilled employees and customer satisfaction has plummeted. CC needed to make changes in order to cut costs, but it failed to integrate staffing practices with strategy (Dreher & Dougherty, 2001)...
displayed 300 characters
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The result of this and many other failures at the upper management level is CC shares have fallen 28% in the last year.
Strategy
The strategy CC chose to use seemed quite simple. Fire its employees and re-hire them at a lower “market rate” wage (Business Week, 2008). This would undoubtedly save the organization a great deal of money and CEO Philip Schoonover thought it was an excellent solution...
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