Reference no: EM1354964
Retrenchment strategy is a strategy that is geared towards reducing expenditures; withdraw products or services from the market and to reduce the size of diversity. Retrenching strategy is also known as downsizing and cutback initiatives. The many challenges that are associated with retrenching are as follows:
Growth decline.
Smaller workforce.
Inability to meet consumer demands with smaller workforce.
Lack of diversity.
Decrease in profitability.
Retrenching consequences are "commonly divided into financial, organizational, and human effects (Gandolfi, 2006). Sadly, the picture of reported financial effects following downsizing is a bleak one (Gandolfi & Neck, 2008). A multitude of studies has demonstrated that while some firms have reported financial improvements from downsizing, the vast majority of downsized organizations have failed to reap the anticipated improved levels of efficiency, productivity, profitability, and competitiveness" (Cascio, 1993; Sahdev, 2003; Macky, 2004). The adoption of downsizing is not only expected to generate financial benefits through a direct increase in shareholder value, but to produce organizational benefits, including lower overheads, less bureaucracy, smoother communications, faster decision-making, and increased levels of employee productivity (Burke & Cooper, 2000). While there is some evidence of firms reaping positive outcomes (Macky, 2004), the majority of findings suggests that the adoption of downsizing often falls short of the objectives (Cascio, 1998; Gandolfi & Neck, 2008).
|
Pre-audit planning meeting goals
: List each of these standards in the correct category. Identify those standards that you believe may be compromised by the listed situations. Describe specific actions that you believe should be taken to comply with the GAAS standards.
|
|
Incentive plans
: Incentive plans are rewards established by employers to boost productivity. Employers feel that employees will become more committed to fulfilling an organization's expectations.
|
|
Types of mental illness in adolescent child
: What are some of the types of mental illness that an adolescent child might be going through to have these outbreaks of violence?
|
|
Explain managers and leaders need to create an ethical
: Explain Managers and leaders need to create an ethically healthy environment for employees where they confront a minimal degree of ambiguity regarding right or wrong behaviours
|
|
Retrenchment strategy
: Retrenchment strategy is a strategy that is geared towards reducing expenditures; withdraw products or services from the market and to reduce the size of diversity.
|
|
Compute the contingent payoff to the debt
: The simple company has an outstanding debt obligation to the Complex Corporation of $250 suppose this is Simple's only debt.
|
|
Describe the ways that global warming might affect
: A bicycle is moving at a speed v = 4.26 m/s. If the radius of the front wheel is 0.450 m, how long does it take for that wheel to make a complete revolution.
|
|
Relationship between risk and materiality
: What is the relationship of risk and materiality? How are risk and materiality related? How are risk and materiality integrated into the audit process? What is an example of a statement that includes both risk tolerance and materiality?
|
|
C program encryption-decryption system using caesar cipher
: Program "Encryption/Decryption"system only the code by using C programming work with PUTTY use Caesar cipher.
|