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What are the advantages and Disadvantages of downsizing?
Downsizing is the process of reducing the number of workers in a certain firm. There are a lot of reasons why a firm undergo into downsizing. One reason is to minimize the cost, and to increase productivity. This practice has its own disadvantages and advantages, let us first discuss some of the disadvantages of downsizing. First is that downsizing forces re-thinking of employment strategy, lifelong strategy will no longer be effective after a downsizing. Next, violation of psychological contract, simply because due to downsizing the workers lower their work commitment.If their are disadvantages of downsizing their are also advantages out of this practice. Changes in Strategy,Organization structure and Culture accompany job cuts of downsizing.
What is downsizing strategy and its effects on businesses?
A downsizing strategy refers to reducing the general production of a business. This will have negative effects on businesses profits are also reduced and workers also lose their jobs.
What is Downsizing and Rightsizing?
Downsizing is cutting the workforce due to external reasons i.e. low demand or recession. Rightsizing on the other hand is adjusting the workforce (acquiring or firing) due to some internal reasons i.e. organizational strategy. It concerns with maintaining the right number of employees.
What describes the process of maximizing benefits and minimizing cost?
Lay offs / downsizing of staff personal budgeting
Which strategy is being used in North Carolina to alleviate problems from downsizing?
statewide job training programs If you get answers from here, you should probably contribute some too
How a willing learner strategy can be helpful in learning process?
how a willing learner strategy helpful in learning process
Answer for brain teaser corporate letters getting smaller?
Corporate downsizing? Corporate shrinkage?
Why is Chrysler downsizing in jobs?
Chrysler is downsizing jobs so that they can stay competitive in the global market by reducing costs. By downsizing they save on paying weekly wages, health care , and other benefits.
What is the antonym of downsizing?
upsizing
Under what conditions are corrective actions not required in the strategy-evaluation process?
Corrective actions may not be required in the strategy-evaluation process if the strategy is performing well and achieving its objectives, if external circumstances have changed that make the current strategy no longer feasible, or if the strategy was designed with flexibility to adapt to changing conditions.
What are the elements of strategic management process?
Strategic management process has four key elements. These elements include,1) environmental scanning, 2) strategy formulation, 3) strategy implementation, 4) strategy evaluation.
What are the best methods for downsizing?
contracting-out
