organization operates and on the organization itself‚ in order to formulate strategy. A number of tools are used in the process of strategic analysis‚ including PEST and/or SWOT analyses‚ and Michael Porter’s five forces model. http://www.bnet.com/topics/strategic+analysis http://www.ehow.com/about_5085518_reason-use-swot-pestle-analysis.html PEST Analysis The PEST analysis is a framework that is used during strategic analysis to scan the external macro-environment in which a firm operates
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Downsizing There is a well known issue in corporations when it comes down to downsizing. Corporate downsizing is that act of corporations cutting workers usually by closing whole plants or divisions to increase profits. This practice is often used today and is thought by some to be a moral practice to improve economy overall. On the other hand‚ some think that it causes the workers great suffrage from unemployment‚ which leads to loss of homes‚ depression‚ and crimes. Furthermore‚ it affects the
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FACTA UNIVERSITATIS Series: Economics and Organization Vol. 5‚ No 1‚ 2008‚ pp. 51 - 62 THE IMPACT OF DOWNSIZING ON THE CORPORATE REPUTATION UDC 005.32 ∗ Biljana Djordjević‚ Suzana Djukić Faculty of Economics‚ University of Niš‚ Serbia Abstract. This paper deals with the downsizing influences on the corporate reputation. In this paper we stress the importance of the corporate reputation as one of the most important firm ’s intangible assets. This kind of resources could be a significant
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INTRUDUCTION Downsizing is a permanent reduction of workforce through layoffs and other means. Organizations usually downsize to save payroll costs and prevent bankruptcy during tight economic conditions. Downsizing‚ when done right‚ makes the organization more efficient‚ lean‚ and mean .On the other side‚ a faulty approach to downsizing can cause the organization to run the risk of losing key talent and intellectual capital‚ and becoming dysfunctional by breakdown of hierarchies and systems. The
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Solution to the problems of Downsizing and Redundancy Time is changed. Trends are modified in almost every aspect of life. There was a time‚ when the person who lost his job due to downsizing found him helpless in finding the new one. He used to immediately approach the local unemployment office and start finding jobs on web or in newspapers. He is totally on his own in finding a new job. But now things are modified. Organizational restructuring has made it easier for the employees who are fired
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Downsizing: The Financial and Human Implications This essay examines the effects of downsizing with regard to the human and financial implications. Since the mid to late 1980s‚ downsizing has “transformed the corporate landscape and changed the lives of hundreds of millions of individuals around the world” (Gandolfi‚ 2008‚ p.3). For the purposes of this essay‚ downsizing is defined as the planned elimination of jobs‚ involving redundancies‚ and is designed to improve financial performance (Macky
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Downsizing Impacts Organizational Commitment The article‚ “Survivors and Victims‚ a Meta-analytical Review of Fairness and Organizational Commitment after Downsizing” by Dirk Van Dierendonck and Gabriele Jacobs‚ analyzes the effects of downsizing on employee commitment. The authors explain that downsizing has a serious effect on everyone involved‚ including the victims and survivors. Although downsizing provides a short term solution‚ it ultimately results in lowered organizational commitment
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division | subject: | RE: downsizing program | | | I appreciate the personal time and effort you have spent in thinking about the deep across-the-board-reduction. You have my support in the efforts of controlling costs to gain back investor confidence and bring the company back to becoming a sound investment. However‚ I do not wish to give my support blindly and so I have a few other ideas that you might have overlooked that I hope you would consider. Also‚ downsizing may be required to an extent
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Employee Morale After Downsizing Downsizing has become a significant idea in today ’s economy and maintaining the trust of employees when something like this takes place has also become very serious business (Brockner‚ Konovsky‚ Cooper-Schneider‚ Folger‚ Martin‚ & Bies‚ 1994). The question is not whether a company should downsize their employees but how to do the downsizing properly so that as few employees as possible are injured (Brockner‚ Konovsky‚ Cooper-Schneider‚ Folger‚ Martin‚ & Bies
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INTRODUCTION Downsizing Downsizing is described as a strategy that targets to increase business results by dropping the resources of a business‚ adjusting the organizational structure to the new strategy and environment. This tendency is observed in industrial and service zones (Littler‚ 1998; Gandolfi‚ 2007) and is present generally in the U.S.‚ Europe‚ Asia (Morris‚ Cascio & Young‚ 1999; Dahl and Neshheim‚ 1998; Suarez‚ 2000). At this project I will explain the psychological and economical
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