ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Expansion, downsizing and staff turnover are ____ factors affecting employment
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Operational
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Internal
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External
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Financial
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Explanation:
Detailed explanation-1: -Downsizing can take a toll on workforce morale; employees may feel betrayed. Long-term consequences of altering the work environment include increased voluntary turnover and decreased innovation.
Detailed explanation-2: -Downsizing is the process of terminating multiple employees at the same time. There are three major reasons that organizations conduct downsizing: Cost reduction. Adoption of new technologies that reduce the need for a large number of employee.
Detailed explanation-3: -Improve efficiency (by replacing employees with machinery). Reduce costs. Rightsize resources relative to market demand. Take advantage of cost synergies after a merger. Increase profits by reducing overhead costs. More items
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