Explain Downsizing, Both in Terms of What It Is and Why

question 69

Essay

Explain downsizing, both in terms of what it is and why it happens.

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Definitions:

Profit Maximization

A financial strategy aimed at increasing a business's surplus by reducing costs or enhancing revenue.

Ethical Behavior

Refers to actions or practices that are morally upright and adhere to widely accepted moral principles or standards.

Outcome-Based Ethics

An ethical philosophy that focuses on the impacts of a decision on society or on key stakeholders.

Standards of Behavior

Established or accepted norms of conduct that individuals are expected to follow within a society or organization.