Asked by
Kylie Boles
on Nov 18, 2024Verified
Which downsizing strategy is a long-term strategy that has an ongoing goal of reducing costs and improving quality?
A) work redesign
B) systematic change
C) workforce reduction
D) Voluntary severance incentive packages
E) attrition
Downsizing Strategy
A business strategy involving the reduction of a company's workforce in order to cut costs and improve efficiency or profitability.
Voluntary Severance
An option allowing employees to choose to leave their positions in exchange for a pre-determined compensation package.
Work Redesign
The process of altering jobs and work processes to improve employee satisfaction and productivity.
- Recognize various downsizing strategies and their long-term objectives.
Verified Answer
PP
Learning Objectives
- Recognize various downsizing strategies and their long-term objectives.