Unhappy workers means unproductive workers, and this is one of the most challenging aspects of successfully implementing a downsizing plan. Yet, there are some successes which can bank on how the company approaches the downsize. If the company turns towards downsizing other elements of production, employees can rest a little easier knowing that their employers are trying other strategies before massive lay offs. Ford Motor Company has made the decision to dramatically cut costs after it received millions of dollars of tax payers bail out funds. Ford has been aiming to "cut prices from parts makers an average of 5% a year for the next four years," (Atwood et al. 1). This would save Ford billions of dollars annually, allowing the former American powerhouse to consolidate costs and provide for a stronger future. Ford has also been taking steps to cut their production costs before the move to make even more lay offs, "To further reduce costs, Ford is standardizing components, especially those customers don't see, such as windshield wipers and window motors," (Atwood et al. 1). This is a successful push, for it shows that the company has accepted some responsibility of past failures and is trying to incorporate a new vision within the business context. According to proponents of successful...
Management must identify these mistakes, take responsibility for them, and address them in a way which assures employees they will not happen again," (Strom 1). Such a move can help keep the trust of employees and keeps company morale strong, ensuring a better future for the company in general.
Terminated employees find they are no longer as marketable as the last time they had to search for a job and that they need a certain amount of retraining to acquire new KSAs. They face the problem of having to investigate the new KSAs required to find re-employment." What firms could have down was to lend support for acquiring new skills. They could provide employees with appropriate training from
Today, China owns the majority of U.S. debt, thereby inflating the Yuan and further downgrading the security of the dollar across the globe. These trends mean that American taxpayer money will increasingly be used to benefit foreign governments, leaving even fewer resources available for American citizens. A smaller, more efficient government is clearly needed, but in order to reduce government growth, a grassroots effort needs to be created to
High School Dual Programs Current social, political, and cultural concerns have hastened the call for high school reform and have intensified an interest in producing high school graduates that are college ready (Kuo, 2010). Competition from up-and-coming economies such as China and India have challenged traditional American economic world dominance and are forcing policy makers to be concerned about making substantive changes in the educational system (Kuo, 2010). However, when positive
In addition to using this new department to create project assignments for otherwise idle personnel, this would become an essential path to preparing CGMS for competition in the long-term future. While the company's eroding schedule of future projects suggests economic downturn, it also underscores the risk of working in the fossil fuel sector. With future environmental and conservation concerns promising to impact mining operations such as those upon which
Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense
Organizational Change and Personal Development Plan Many organizations globally strive to achieve their desired growth and sustainability. Effective leadership and management promote the realization of the strategies by ensuring that organization's activities are executed in accordance with the development strategies. Therefore, this paper analyzes some of the strategies used by Judy Stockley in promoting the realization of the downsizing goals of the Advanced Medium Range Air-to-Air Missile Company in Eglin Air
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