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Overview
Restructuring is a hot topic right now — companies need to figure out how to weather the current economic storm and still be well-positioned to take advantage of the next upswing. Using real-life illustrations of successful, responsible restructurings at companies such as Charles Schwab, Cisco, Motorola, and Intel, this book provides alternatives to downsizing. Wayne Cascio examines the specific practices these leading firms use instead of layoffs — including retraining, labor-management partnership, and compensation linked to organizational performance. These practices demonstrate that these companies view their workers as assets to be developed rather than as costs to be cut. Cascio presents compelling evidence showing that businesses adopting these measures fare better than businesses in similar circumstances who choose downsizing.
Synopsis
Using real-life illustrations of successful, responsible restructurings at companies such as Charles Schwab, Cisco, Motorola, and Intel, this book provides alternatives to downsizing.
Soundview Executive Book Summaries
Using the results of an 18-year study of S&P 500 firms to demonstrate that organizations that have downsized are not more profitable than those that did not downsize, Wayne Cascio shows companies how downsizing can often be more destructive than constructive. Cascio, an international consultant and a professor of management at the University of Colorado, illustrates many successful approaches to responsible restructuring, and offers step-by-step advice to help firms develop a responsible restructuring plan. Copyright (c) 2003 Soundview Executive Book Summaries