Strategic Managment Coursework (Coursework Sample)
I need this question answered in APA 6th edition format. It must be answered with using the textbook as a required source. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
The textbook is Concepts In Strategic Management and Business Policy. Globalization, Innovation and Sustainability. Fourteenth Edition. Thomas L. Wheelen, J. David Hunger, Alan N. Hoffman, and Charles E. Bamford
The question is as follow: List the six guidelines prosed for successful downsizing, and explain the importance of each one.
I would like to have this back by 07/10/15
In the recent past, companies have been faced with tough choices where they have had to let go some of their staffs, relative to the harsh economic times. Downsizing being a tricky aspect, there are strategies that be applied to make the transition and the process much easier and successful. According to Wheelen, Hunger, Hoffman and Bamford, (2014) there are six strategies that companies can apply to make the downsizing process a success.
One of the strategies is that companies should look to eliminate all the work that is unnecessary, other than lay off staffs across the board (Wheelen, Hunger, Hoffman & Bamford, 2014). This is a crucial strategy as it advocates for research on all the places that the company is wasting money and cutting down on these activities other that retrenching.
It is also advocated that, tasks that can be done by other firms at a cheaper costs should be contracted out ...
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