Staff Reduction and the Bottom Line: Less Is Not Always More
Chapter
Abstract
Theory and practice sometimes diverge. The approaches businesses use to improve profitability in increasingly competitive markets are a case in point. Managers’ actions seem to take place in a world separated from management theory and research. Under such circumstances the effectiveness of the approaches used are rarely assessed, taking their support from anecdotal evidence—evidence often provided by people with an interest in justifying their own past decisions.
Keywords
Human Resource Cash Flow Institutional Ownership Harvard Business Review Future Profit
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© Springer Science+Business Media New York 1991