987966
Description
Mind Map by andy.dartnell.ad, updated more than 1 year ago
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Created by andy.dartnell.ad
over 10 years ago
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Retrenchment
- improving efficiency
- to cut down or reduce
something, to use
resources more carefully.
- NOKIA, 2010, new CEO, 30,000 jobs
lost, focused on partnership with
microsoft
- YELL, demand for paper based products down,
$3bn debt, rationalisation, further cost cutting and
investment in digital media
- NOKIA, 2010, new CEO, 30,000 jobs
lost, focused on partnership with
microsoft
- to cut down or reduce
something, to use
resources more carefully.
- what drives it?
- uncompetitive cost structure
- inadequate returns on investmen
- poor competitive investment
- financial distress/debt
- market decline
- failed takovers
- economic downturn
- change of ownership
- uncompetitive cost structure
- methods used
- reductions in
output or capacity
- job losses
- product or market withdrawals
- disposal of business units
- outsourcing key functions
- demerging
- reductions in
output or capacity
- implications for change
- depends on scale of retrenchment
- small scale,
incremented
retrenchment has limited
impacts
- significant retrenchment often associated with
fundamental repraisal of the the business
- small scale,
incremented
retrenchment has limited
impacts
- depends on scale of retrenchment
- downsides of downsizing
- little evidence that it improves profits
- motivation and morale worsens
- damaging effects on productivity,
innovation and staff retenchment
- little evidence that it improves profits
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