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Kylie Boles
on Nov 18, 2024

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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.
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Prabhsimran Pal SinghNov 24, 2024
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