Assignment - 2 (Individual)
Five Factors and Downsizing
Which two of the five HR factors listed by the authors of your course do you consider the most important for your organization? (Explain your organization and its nature of business briefly). Justify your choice, and discuss these two factors in detail.
Assuming that the U.S. sub-prime crisis of the present day is now affecting the Asian economies and your organization is feeling the effects of slowing sales as well as rising raw materials cost. Downsizing is a real possibility and one of the most challenging aspects of human resources management. Discuss some of the approaches to use, and describe how you would go about downsizing 20% of your work force if you are eventually forced to do so.
Give an example of another organization where downsizing has evidently not benefited that company. Elaborate in detail.
Resources:
http://www.libraryspot.com/
http://findarticles.com/
http://lib.utexas.edu/
Introduction
To analyze the business strategy, the best known benchmark for general framework is Porter’s Five Forces.
1. The External Environment: Social, Political, Legal, and Economic
2. The Workforce
3. The Organization’s Culture
4. The Organization’s Strategy and
5. The Technology of Production and Organization of work
Among the above factors, I prefer Workforce and the Organization’s Culture as important factors for my company that I worked.
Organization Background
The company that I worked in was KG Information and Systems Limited (KGISL).
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