Difference between revisions of "Downsizing"
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According to the [[Strategic Management by David and David (15th edition)]], | According to the [[Strategic Management by David and David (15th edition)]], | ||
:[[Downsizing]]. Reducing the number of employees, number of divisions or units, and/or number of hierarchical levels in the firm's organizational structure. | :[[Downsizing]]. Reducing the number of employees, number of divisions or units, and/or number of hierarchical levels in the firm's organizational structure. | ||
| + | According to the [[HRBoK Guide]], | ||
| + | :[[Downsizing]]. Reduction in the number of employees. A decrease in a company's workforce to create efficiency and profitability. | ||
[[Category: Management]][[Category: Articles]][[Category: Accounting]][[Category: Strategic Management]] | [[Category: Management]][[Category: Articles]][[Category: Accounting]][[Category: Strategic Management]] | ||
Latest revision as of 17:38, 19 July 2020
Downsizing is the planned elimination of jobs in an organization.
Definition
According to Management by Robbins and Coulter (14th edition),
- Downsizing. The planned elimination of jobs in an organization.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Downsizing. An integrated approach of configuring processes, products, and people to match costs to the activities that need to be performed to operate effectively and efficiently in the present and future. Also called rightsizing.
According to the Strategic Management by Parnell (4th edition),
- Downsizing. A means of organizational restructuring that eliminates part or all of one or more hierarchical levels from the organization and pushes decision-making downward in the organization.
According to the Strategic Management by David and David (15th edition),
- Downsizing. Reducing the number of employees, number of divisions or units, and/or number of hierarchical levels in the firm's organizational structure.
According to the HRBoK Guide,
- Downsizing. Reduction in the number of employees. A decrease in a company's workforce to create efficiency and profitability.
