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Essay / Research Paper Abstract
A 6 page paper discussing downsizng and its impact on the economy of the United States. Throughout much of the twentieth century, the American corporation has been considered to be a veritable bedrock of stability and security. Competition, globalization, and economic flux have all profoundly altered corporate America's relationship with employees, shareholders, communities, government, and society. The western half of the State of Michigan serves as an example of how downsizing has made employees, communities, and government agencies modify their approach to economic and workforce development. Bibliography lists 5 sources.
Page Count:
6 pages (~225 words per page)
File: D0_BWmich.doc
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Unformatted sample text from the term paper:
and security. Especially after World War II, corporations were thought to be a benevolent institution with power and influence that served as a trusted force in business and society
alike. "The company" was a member of a, literally, hundreds of thousands of American families. For better or worse, this corporation no longer exists. Competition, globalization, and economic
flux have all profoundly altered corporate Americas relationship with employees, shareholders, communities, government, and society. This is a time in America business in
which the nations corporations are experiencing a period of unprecedented business upheaval. As a result, an uneasy relationship has evolved between American business and American society. Few Americans trust
the corporate system in the ways their fathers and grandfathers did. Downsizing has effectively created a level of insecurity and fundamental mistrust that no individual is every truly safe
or secure in his or her position in a company. The old maxim that no one is indispensable has been proven out time and time again. Historical Perspective
After the end of World War II, America established itself, not only as the defender of democracy but the defender of democratic
economic prosperity. It maintained that dominant status until the first of the oil crises hit in the 1970s. As a result, the dollar was established as the global currency
and corporations based in the United States came to dominate world markets. Such a level of supremacy allowed the multi-national corporations of the United States to expand to mammoth proportions.
As a result, many of todays Fortune 500 companies now have annual revenues larger than the gross national product of most Third World countries, and even larger than the GNP
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