Analysis of the Issue of Downsizing
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When businesses face short-term downturns, they can engage in short-term austerity measures that range from hiring freezes to minimizing purchasing office supplies, and that include many measures in between. When the downturns become long-term, however, companies must engage in cost reductions that may be severe, and could make the difference between the company surviving or not. This analysis considers the issue of downsizing--laying off workers--and examines the benefits to an organization that may make downsizing a difficult, but ultimately beneficial, choice.There are typically three reasons that companies engage in downsizing: immediate financial crisis, short-term improvement of financial statements and long-term strategic decision (Gordon, 1996). Immediate financial crisis occurs when a company faces a severe financial problem, perhaps because a major customer has withdrawn business or because an anticipated contract does not come through. In other cases, a customer (or several) may withhold payment, forcing the company to take m
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Some common words found in the essay are:
, CONCLUSION Despite, February Managing, Kessler Mariotti, immediate financial, REFERENCE Buhler, Industry Week, immediate financial crisis, buhler 2003, gordon 1996, financial crisis, long-term strategic, companies engage, downsizing process, workers skills, skills organization, hiring freezes,
Approximate Word count = 725
Approximate Pages = 3 (250 words per page)
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