Abstract

In the global era where infinite competition is intensifying day by day, companies and organizations are compelled to pursue continuous innovation for survival and development through enhancing competitiveness. The forms of organizational innovation that are widely used in corporate management today are mainly ‘restructuring’, ‘reduction of manpower’, ‘reorganization’, ‘business sale’, and ‘cost reduction’. All of these innovation techniques can be found in common in that companies adopt them to increase efficiency and competitiveness, but they differ somewhat in terms of implementation and specific methods. This study presents an integrated model of downsizing management and analyzes its validity through hypothesis verification. Summarizing the results of the study revealed through empirical analysis are as follows. First, the positive impact relationship for each management stage (priority management stage, process management stage, and follow-up management stage) on the perception of organization members on downsizing was confirmed. Second, the importance of downsizing public debate was raised in the prior management stage. Third, it was confirmed that it is necessary to maintain fairness and objectivity in downsizing in the process management stage. Fourth, it was confirmed that it was necessary to activate the support program for survivors in the post management stage. The results of this study are considered to provide many implications for enhancing competitiveness for sustainable growth and development of companies, establishing innovation strategies, and activating organizations. In particular, I think it will be able to provide a lot of meaningful information and data required in pursuing management innovation strategies through downsizing.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.