 |
Why cutting costs
Title: Why cutting costs
Category: Literature / English
Details: Words: 1332 | Pages: 5.7 (approximately 235 words/page)
Why cutting costs
Why cutting costs??
Companies are desperately seeking ways to cut costs, which mostly means cutting jobs. But this is no panacea
RUNNING a company in boom times is relatively easy. A downturn is less forgiving: mistakes show up at once. Now, many executives are living through a deterioration in the business climate more abrupt than they have ever experienced, and having to take decisions they have never faced before. Today's judgments will determine whether their …showed first 75 words of 1332 total…
You are viewing only a small portion of the paper.
Please login or register to access the full copy.
|
|
…showed last 75 words of 1332 total…the age, “survivor guilt”. They also grow distracted and less productive, says Darrell Rigby, a senior partner at Bain, a consultancy. “They are more risk-averse and less innovative. They spend more time gossiping and looking for new jobs.” And managers' health suffers. A study in 1998 conducted at 45 American hospitals found that executives ran twice as much risk of a heart attack in the week after firing someone. No wonder nobody likes managing in a downturn.
Need a custom written paper?
|
|
 |
