Homework Chapters 7-9.docx - BUS 101 01 Homework Chapter 7-9 6 Why do companies downsize What are some of the drawbacks to downsizing Why do companies

Homework Chapters 7-9.docx - BUS 101 01 Homework Chapter...

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BUS 101 01 May 16, 2017 Homework Chapter 7-9 6. Why do companies downsize? What are some of the drawbacks to downsizing? Why do companies outsource? What are some of the drawbacks to outsourcing? Companies downsize “to cut overhead costs and streamline the organizational structure” (Boone & Kurtz, pg 241). Some drawbacks to downsizing are “anxiety, health problems, low morale, and reduced productivity among remaining workers. Diminished trust in management. Expensive severance packages paid to laid-off workers. Loss of institutional memory and knowledge. A domino effect on the local economy—unemployed workers have less money to spend, creating less demand for consumer goods and services, increasing the likelihood of more layoffs and other failing businesses” (Boone & Kurtz, pg 230). Companies outsource “to reduce costs and focus on their core business activities” (Boone & Kurtz, pg 286). Some drawbacks to outsourcing are that they can trigger layoffs and compromise quality. 7. Select three different theories of motivation, and explain how each can be used by managers to motivate employees. Three different theories of motivation are Maslow’s Hierarchy of Needs Theory, Herzberg’s Two-Factor Model of Motivation, and Expectancy Theory and Equity Theory. With Maslow, Managers can use safety needs, psychological needs, and esteem needs. By providing benefits like health insurance and meeting safety standards in the workplace.
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