According to W

question 14

True/False

According to W.Edwards Deming, managers should emphasize short-term rather than long-term planning.

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Definitions:

Downsizing Strategy

A business strategy involving the reduction of a company's workforce in order to cut costs and improve efficiency or profitability.

Voluntary Severance

An option allowing employees to choose to leave their positions in exchange for a pre-determined compensation package.

Work Redesign

The process of altering jobs and work processes to improve employee satisfaction and productivity.

Automation

The shift toward converting work that was traditionally done by hand to being completed by mechanical or electronic devices.