Downsizing is efficient and effective and thus, a viable strategy for firms competing in a global business environment. Do you agree?

I. INTRODUCTION

Companies that faced a decrease in sales, market share, or profits in the 1980s and early 1990s began to pass water that their human resources were expensive and underutilized. Consequently, they gradually level their payroll metrical composition 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 curtailment include increased global competition (Stein, H. 1996), rapidly changing technologies, and increasing availability of a contingent workforce (Fierman, J. 1994: 32). retrenchment has become a critical issue not further in US, but also all around the piece and the number of organizations and jobs affected by downsizing has been staggering.

While we become numbed by the near daily accounts of new lay absents, a New York generation national batch found that at least a family member in one-third of all U.S. households has been laid off since 1980 (New York Times, 1996, cited in Hickok, n.d.). In fact, according the U.S. Department of Labor Statistics on September 2003, 93 000 jobs were lost in August 2003 (Baumol et al, 2003). By some measures, downsizing has failed as a tool to come upon the main single-valued function, i.e. reduce costs. According to a Wyatt Company survey covering the period between 1985 and 1990, 89% of downsizing organizations to downsize for the favour of reducing expenses. However, only 42% of them actually met their goal (Hickock, T. n.d.).



The arch toward downsizing has widened its focus from blue-collar jobs to include white-collar jobs (Stein, H.1996).

The purpose of this paper is to identify the key drivers to downsizing and discuss the consequences and stupor of downsizing on organization and employees, both in short-run and long-term, and whether downsizing is effective for...

Just perfect! There is not a flaw in your reasoning and I have to avow this... I am quite a critic when it comes to translation an essay..!!


PS. You should include some reference though!

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