Downsizing is efficient and effective and thus, a viable strategy for firms competing in a global business environment. Do you agree?
Companies that faced a decrease in sales, market share, or profits in the 1980s and early 1990s began to realize that their human resources were expensive and underutilized. Consequently, they gradually lower their payroll numbers in order to become more competitive in the market, locally or globally. For example, Mobil Chemical eliminated 2,300 jobs in a 1994 restructuring, blaming lower earnings and excess capacity (Kirschner, E. 1997). Other forces that promote downsizing include increased global competition (Stein, H. 1996), rapidly changing technologies, and increasin…
- Downsizing is efficient and effective and thus, a viable strategy for firms competing in a global business environment. Do you agree?
Explain the functions of Human resource management
- Leadership is a Two-Way Street, Loyalty up and Loyalty Down
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