Essay on Downsizing
Downsizing Term Papers
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In today s world downsizing has become well known in the corporate and business world. How do we as managers handle the effects of downsizing, and is it ethical to downsize? These are two very important questions and must be given a great deal of thought and consideration to all of those who are affected when it comes to downsizing in the corporate and business world.
Over the last few years in organizations all around the world we have seen phenomenal downsizing. If you had drawn the typical organization five years ago it would have looked like a Christmas cake, today it looks more like a pancake (Garters, Reg 4). Corporations announced 677,795 job cuts in 1998, the highest number of the decade (Hoffman, 1). This is a very high number for 1998, how will it be in the new millennium?
The one main question is, is downsizing ethical? That is a hard question to ask. Some say it is, where others say it is not, and is necessary for a corporation to keep existing in to day s market. When it comes down to downsizing I found it interesting from one authors view of the values to agree on a set of values to use as a reference point. Kenneth W. Johnson uses the acronym EPIC to define the values set: E=Empathy- caring about the consequences of ones choices as they affect others. Being concerned with the effect one s decisions have on those who have no say in the decision itself. P=Patience- taking time to consider and deliberate the long-term consequences of a choice before making that choice and acting upon it. I=Integrity- making choices that are consistencies with each other and with the stated and operative values on empress. Striving for ethical congruence in one s decisions. C=Courage- choosing to do what one believes is right even if the result will not be to everyon's liking or may lead to personal loss.
As managers how do we protect ourselves legally and with as...
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