Assignment 2 Nicole Lee 038236154 HRM822 Peter MacKellar May 11‚ 2015 1. In 1982 it seems the company will have to downsize. What are the factors that are forcing the company to make that decision? (10 marks) Downsizing is a strategy to improve an organization’s efficiency by reducing the workforce or changing and restructuring the systems of the organization (Belcourt & McBey‚ p. 260). There are multiple factors that are forcing Stonewall Industries to make the ultimate decision to downsize
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Communication: the exchange of information or ideas between two or more parties Communication cycle: 1. Sender: Must know exactly the message that is to be sent‚ if this stage is unclear‚ the rest of the stages can only get worse. 2. Message: This must be in the correct form and language for the recipient. The message must be designed with the receiver in mind. 3. Recipient: The person or place where the message is targeted. 4. Reaction: The recipient has to respond to the message
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Week 4 LDR 531 Story #2 Breaking the News A “Tell Your Team About downsizing” Adventure As a manager‚ I think the best strategy for relaying the company’s decision to downsize would be by oral communication having a formal meeting with the whole team. I believe this is the best method because it keeps morale up and structure within the business. The team will appreciate honesty‚ and while they still have some concerns‚ they feel confident that you have their backs – even if things do not
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Employment Problems In The U.S. Downsizing‚ restructuring‚ rightsizing‚ even a term as obscure as census readjustment has been used to describe the plague that has been affecting corporate America for years and has left many of its hardest working employees without work. In the year 2001 we had nearly 1.8 million jub cuts‚ that’s almost three times as much as the year 2000(Matthew Benz). In the 1990’s‚ one million managers of American corporations with salaries over $40‚000 also lost their
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Rebuilding 5 Share the Scaled-Down Resources 6 Use Ad Hoc Task Forces to Solve Especially Tough Problems 6 Improving Communications Among Survivors of the Downsizing 7 Understanding the Organization Down Cycle 8 Conclusion 9 Reference 10 Introduction Downsizing is no longer seen as a last resort or a response to crisis. Instead it has become a vital tool for shaping an organization to meet new challenges and circumstances
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that are forcing the company to make that decision? (10 marks) Stonewall Industries is impacted greatly by the external environment‚ and as such downsizing is a way for the organization to continue to survive during times of decreased demand. There are a number of external factors that have lead Stonewall Industries to consider the option of downsizing. The main cause of Stonewall’s concern’s stemmed from the fact that “Housing starts had stagnated and interest rates were too high to stimulate investment
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Consultants succeeds by managing change using methods of human resources which helps companies today that are dealing with issues such as downsizing and restructuring efforts‚ and helps their employees in managing career transitions (Anthony‚ Kacmar & Perrewé‚ 2010‚ pg. 33). By asking several of these questions listed: What are the challenges faced by Right when the downsizing efforts no longer is a popular human resource strategy? What conflicts do you see between a company of this type and firm’s human
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HUMAN RESOURCES HUMAN RESOURCE PLANNING INTRODUCTION Human resource management (HRM) The strategic approach to an organization’s workers so that they help the business gain a competitive advantage. Human resource or workforce planning Analysing and forecasting the number of workers and their skills‚ which will be required by the organization to achieve its objectives. LABOUR MOBILITY Occupational mobility of labour Extent to which workers are willing and able to move to different
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Case: Right Management Consultants Succeeds by Managing Change 1. What are the challenges faced by Right when the downsizing effort no longer is a popular human resource strategy? When the downsizing effort is no longer a popular human resource strategy‚ Right will need to find other methods to use. The strategic approach to HR management has six key elements: a. Explicitly recognize the impact of the outside environment. b. Explicitly recognizes the impact of competition and the dynamics of
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Ethics in Business: Annotated Bibliography Band‚ David C.‚ and Charles M. Tustin. "Strategic downsizing." Management Decision Dec. 1995: 36+. Academic OneFile. Web. 12 Apr. 2014. This article discusses how corporations should aim to be responsible for more than just profit maximization. The author goes into the discussion of how downsizing a company violates the psychological and social contracts in the employer-employee relationship. The author seems to support the idea that employees should
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