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Downsizing
Essay # 12783
Downsizing
Examines negative business & human effects of this corp. strategy.
1,125 words (approx. 4.5 pages) |
8 sources |
1997
From the Paper:
"DOWNSIZING: TRENDS AND IMPACTSDownsizing is the planned elimination of positions or jobs within an organization (Kets de Vries & Balazs, 1997, p. 11). While relatively recent in origin, downsizing has become a pervasive business practice among large troubled corporations. Starting with factory closures in sunset industries during the recession of the early-1980s and continuing as an after-effect of merger and acquisition mania, downsizing, according to its proponents, "has turned into one of the inevitable outcomes of living in a global world where continual adjustments to products, services, and the price of labor are needed to remain competitive" (Kets de Vries & Balazs, 1997, p. 11).
During the 1990s, almost all of Fortune 1000 firms have engaged in downsizing (Kets de Vries & Balazs, 1997, p. 11). Further, the .."
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APA Citation:
Downsizing (2012, January 15). Retrieved February 11, 2012, from http://www.academon.com/Essay-Downsizing/12783
MLA Citation:
"Downsizing" 15 January 2012. Web. 11 Feb. 2012. <http://www.academon.com/Essay-Downsizing/12783>
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