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Essay / Research Paper Abstract
14 pages in length. Business acquisitions are typically intended to bring about a synergistic improvement to both organizations involved in the takeover; inasmuch as a stronger company buys out a smaller – and usually struggling – firm, each one benefits either by being the savior or the saved. However, once the ink dries and the transition is in full swing, the downside of such acquisitions where employee reduction is concerned becomes immediately and painfully clear. Bibliography lists 11 sources.
Page Count:
14 pages (~225 words per page)
File: LM1_TLCReduceWF.rtf
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Unformatted sample text from the term paper:
usually struggling - firm, each one benefits either by being the savior or the saved. However, once the ink dries and the transition is in full swing, the downside
of such acquisitions where employee reduction is concerned becomes immediately and painfully clear. II. DOWNSIZING When one company acquires another, it is not at all unusual for the workforce
to be reduced in both companies. Accepting such drastic change in todays shrinking workplace has become quite a significant challenge for virtually every department of contemporary companies. With
the growing presence of downsizing due to acquisitions, managers and subordinates alike are facing issues far greater in intensity than ever before with regard to stress, workplace violence, depression and
security issues. As such, those in the position to help ease the anguish associated with acquisition-related workforce reduction "need to be equipped with the knowledge, tools and methods that
can help them manage in a dynamic and turbulent environment of changing technology and global competition" (Anonymous, 2001, p. 62). Companies are asking
for more from their employees now than ever before once an acquisition has depleted both sides of the workforce. By downsizing and outsourcing, and otherwise changing the corporate world
for their employees, companies have fundamentally changed the relationship between the organization and its workers - and not always for the better. Indeed, companies are becoming more and more
eager to implement a scaled-down version of their operations as a means by which to minimize expenditures and maximize profits, an equation that may prove beneficial for the bottom line
but not for an overextended staffer now doing the work of three employees. What is the impact of such significant workforce downsizing to
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