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Essay / Research Paper Abstract
This 9 page paper looks at the argument that management and employee needs are more likely to be aligned during a global recession rather than at a time of growth. The reasons how and why this may occur are discussed, looking at the causes of the recession and how they may be associated with short term profit needs of business owners and the ways that the needs may change in a time of recession. The bibliography cites 12 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEeerecession.rtf
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Unformatted sample text from the term paper:
throughout different industries and countries. The harsh economic conditions have resulted in the argument that there has been an increased alignment in the interests and objectives of managers and workers
have been aligned. It is certain that there are common interests, mangers and employees, faced with the prospect of firm closures and cut backs, will have the desire to protect
tier passions within the firm, which results in common or aligned goals, so support the business. In this very basic approach it is possible to see how the alignment
is occurring. To consider this it is necessary to look at the way that the global recession has taken place and look how and why this occurred, especially when the
model of employment seen most often in the west sees managers and employees with conflicting interests (Huczynski and Buchanan, 2007). It may be argued that a key element of
the recession that started with the credit crunch was caused as a result of managers having their objectives aligned not with the workers, but with the owners of businesses and
the desires for short term returns. It has been noted in many texts that there has been an increased prevalence towards short termism in investment markets (Liljeblom and Vaihekoski, 2009;
Demirag and Doi, 2007). The needs for investors as owners and the desires to cut costs, increase profits and increase productivity has often been seen as having clashes with employee
needs, which are often seen have having a cost rather than a benefit. The crisis stared in the financial sector, and may be the result of pressures from senior management
to produce results and increase profits. An important preceding issue, which is arguably lent weight, or even created the problem were the
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