We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Strategies for Responsible Downsizing - Essay Example

Comments (0)
Downsizing, or rightsizing, is an integrated process that configures processes, products and people as a cost cutting measure. It is a phenomenon that is intended to re-engineer an organization for future benefits (Horngren, Foster and Dartar 237). Usually attributed to technological changes, downsizing is meant to enable long-term solutions…
Download full paper

Extract of sample
Strategies for Responsible Downsizing

Download file to see previous pages... 4).
This article is of interest to corporate management and Board members who are exploring the option of downsizing their workforce. Cascio delivers a lengthy review of real-world risks, benefits and disappointments by organizations choosing to downsize. It is highlighted that a Strengths, Weaknesses, Opportunities and Threats analysis be carried out first. This will assist management to make an informed decision as to whether to downsize, and how to implement their decision in a responsible and transparent way (Horngren et al. 100; Hoggett, Sweeting and Radford 15). The goal of strategy change is to enhance market competitiveness and to align with international discourse of corporate social responsibility (CSR).
Management may decide to downsize with the goal to improve returns. Evidence shows that this is only a short term solution. There are significant social consequences, such as the loss of human resources, customers and suppliers confidence. Future growth will be more costly because of having to continuously hire new staff to be trained; low wages and poor working conditions do not endear staff loyalty. Further, there can be a lack of corporate structure following downsizing, in turn increasing the workload and interpersonal and intrapersonal pressures on staffs, affecting customer interest and loyalty. With regard to needing a strategic option that is a preventative measure to reduce costs, downsizing is a last resort.
Are Employees Assets or Costs
Management accounting classifies labour as a variable cost rather than a fixed overhead (Horngren et al. 10). Employees are viewed as "costs," to be "cut" when downsizing. Human Resource managers however, view people as the greatest asset within a corporation, which is a network of social beings interlinked with external networks. As Cascio notes, contemporary responsible restructuring requires that employees be seen as assets to be developed. Multi-skilling of employees is a key training focus within commercial industry today, with R&D using predominantly government support, to study organizational culture, leadership patterns, continuous improvement and learning across the lifetime.
Business Concept ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Downsizing and Globalization: Why are These Strategies used by Companies, and What Implications do they have
However, downsizing does not change the arrangement of businesses in organisation’s structure. It is a strategic process where reducing the workforce is a conservational or managerial occurrence which happens willingly and results in loss of organisation’s resource (Hitt & et.
11 Pages(2750 words)Essay
Downsizing and Globalization: Why are These Strategies used by Companies, and What Implications do they have
Consequently, both developed and developing economies have experienced diverse effects on their social economic status because of implementation of these policies. In spite of the apparent adverse effects of downsizing and globalisation, corporations are widely applying these strategies.
11 Pages(2750 words)Essay
Downsizing and Globalization Essay
Global capitalism is the situation in which industries are engaging in private investments worldwide. Trade is controlled by the market forces such as supply and demand. With increased globalization of industries, greater competition has emerged thereby necessitating downsizing for the purposes of cost reduction, greater efficiency, increased productivity and organizational change.
12 Pages(3000 words)Essay
Downsizing and Globalization Essay
Looking at the labour statistics of some western nations such as the United States, United Kingdom, and other European economic powerhouses like Germany, the massive job destruction is evidently a making of the globalization. Firms were contending with the increasing international competition and low wages in Asia and the former Eastern Bloc, turning to cost-cutting measures through downsizing the labour.
11 Pages(2750 words)Essay
Human Resource Management in Downsizing
The searches for these optimal solutions continue to shorten costs and achieve higher levels of efficiency. Our case is a similar one. As is the case with most of the top-management groups, our managers have also assumed that the behaviors of the employees would be the same towards their work.
4 Pages(1000 words)Essay
Is Downsizing unethical
The inherent conflict in these two issues, as they relate to downsizing, will become apparent. Friedman (1990) arguments that managers have a direct responsibility to the firm's owners (shareholders). According to Friedman, that responsibility is to conduct the firm's business in accordance with owners' desires, which generally is to ensure the firm's financial health.
5 Pages(1250 words)Essay
Survivors' reactions to organizational downsizing
Although many firms have enjoyed the benefits from organizational downsizing in terms of increasing the profitability of the company by reducing its operational cost and making its operational process more
3 Pages(750 words)Essay
Human Resource Management
lso negative consequences caused by the inability of the human resource manager to effectively handle the organizational conflicts caused by affected employees. In general, organizational downsizing is often described as right sizing the number of employees being employed
10 Pages(2500 words)Essay
Strategies for Responsible Business
Modern customers are well aware of the importance of corporate social responsibility and they are dealing only with the organizations which have good reputation in terms of corporate social responsibility.
16 Pages(4000 words)Essay
Strategies for responsible business
In spite of its apparent perception, CSR is not all about social work and providing charitable services to the community. To confine the term only within charitable framework will not do any good for the company since it will only
15 Pages(3750 words)Assignment
Let us find you another Essay on topic Strategies for Responsible Downsizing for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us