1. Restructuring
"Restructuring involves a major change to an organization via downsizing, flattening, elimination of departments and so on" (Stone, 1998, P.835). ... "Downsizing or restructuring aims to achieve greater organization efficiency by job elimination" (Stone, 1998, P.585). ... Merger refers to "combination of two or more firm to form one new company, which often has a new corporate identity (Stone, 1998, P.830). ... The decision of the organization to buy, merge with other company or sell has a major concern to human resource management (Stone, 1998). ... It is important for organization t...
- Word Count: 1136
- Approx Pages: 5
- Grade Level: Undergraduate