Downsizing
Corporate Downsizing Organizations in every segment of business, industry, government, and education are downsizing. Downsizing is and has been a controversial phenomenon in the last few years. The controversy that surrounds downsizing may be better described as a debate in organizational theory about whether change is adaptive or disruptive. The issues which establish the outcome of the controversy include why the downsizing is taking affect, how it is implemented, and what steps are taken to enhance its effects on organizational performance. The reasons for corporate downsizing are presented in many forms. Some companies downsize due to technological changes such as automation, which brings about the need for a reduction in the production workforce. Others may feel that competitiveness with other companies warrants the need for a reduction in the workforce. Financial setbacks due to customer demand, market shares, and loss of revenue could also initiate the need for downsizing. When will it end? Experts say it won't. For instance, the North American Free Trade Agreement (NAFTA) was established as a universal trade agreement between the US, Cannada, and Mexico to allow free imports and exports. It was als
Big payoffs from layoffs. "Business Week," G.Koretz p.30 Feb. 24 1997. Downs, Alan; Corporate Executions. AMACON, 135 West ST. New York, N.Y. 1995 Downsizing is Bad for Business. "USA Today,"J.Challenger Vol. 125, p66-68. Jan.1997 Learn From My Mistakes. "Money," Apr. 1995, p.15 Meyer, C.J.; Executive Blues, Down and Out In Corporate America. Franklin Square Press, 666 Broadway, New York, N.Y. 1995 Negbenebor, Willis; Principles of Economics. CT Publishing Company, Redding Calif. 1996. North American Free Trade Agreement. Vol.1, US Government Printing Office, 192-330-817/70635, 1995. Online News Flash. "Business Week;" Dec. 11,1996 Seeking A Payoff. J Freedman, "Business Week" p. 100 Jan. 8, 1990. The Casualties of Downsizing, B.B. Auster. "US News And World Report." Vol.118,p.31, Jan. 9,1995. The Ethics of Downsizing. "Navron Associates Newsletter" Apr.'95. Who Says Job Anxiety Is Easing? A. Bernstein, "Busniss Week" p.38, Apr.7,1997.
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Approximate Word count = 2549
Approximate Pages = 10 (250 words per page double spaced)
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