Downsizing: The cure that can kill

✍ Scribed by William F. Roth

• Book ID: 102393133
• Publisher: Wiley (John Wiley & Sons)
• Year: 2009
• Tongue: English
• Weight: 81 KB
• Volume: 28
• Category: Article
• ISSN: 1932-2054
• DOI: 10.1002/joe.20287

✦ Synopsis

Abstract

In a tough economy, many U.S. businesses turn to downsizing as a quick cost‐cutting strategy. The author argues that the price isn't worth it, and that operational effectiveness, not efficiency, is the key to survival. The author discusses the systemic effects of downsizing and the impact on longer‐term productivity. He cites alternatives to downsizing taken by Nugget Market, Dorner Mfg. Corp., and Lincoln Electric and then explores the case of an organization that rejected layoffs and instead utilized all its employees' expertise to design and implement improvements that produced increased productivity, revenue growth, and higher profitability. © 2009 Wiley Periodicals, Inc.