Above all if you do choose to restructure do it responsibly and use it as an

Above all if you do choose to restructure do it

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Above all, if you do choose to restructure, do it responsibly, and use it as an opportunity to focus ever more sharply on those areas of the business where your firm enjoys its greatest competitive strengths. By restructuring responsibly through the use of effective downsizing strategies, your orga- nization will be better able to achieve the 3C’s of organizational success: Care of customers, Con- stant innovation, and Committed people. 58 Endnotes 1 Brett, J. M., & Stroh, L. K. 1997. Jumping ship: Who benefits from an external labor market career strategy? Journal of Ap- plied Psychology , 82(3): 331–341. 2 Shadow of recession. 9 February 2002. . cbsmarketwatch.com . 3 Planned job cuts continue fall. 3 April 2002. . cbsmarketwatch.com . 4 Morris, B. White-collar blues. Fortune . 23 July 2001, 98–110. 5 Dawkins, P., & Littler, C. R. (Eds.). July 2001. Downsizing: Is it working for Australia ? . 6 See, for example, Blau, F. D., & Ferber, M. A. 1987. The economics of women, men, and work . Englewood Cliffs, NJ: Prentice-Hall; Schneer, J. A., & Reitman, F. 1997. The interrupted managerial career path: A longitudinal study of MBAs. Journal of Vocational Behavior , 51(3): 411–434; and Schneer, J. A., & Reitman, F. 1995. The impact of gender as managerial careers unfold. Journal of Vocational Behavior , 47(3): 290–315. 7 Cascio, W. F., & Young, C. E. 2001. Financial consequences of employment-change decisions in major U.S. corporations: 1982–2000. In K. P. De Meuse & M. L. Marks (Eds.). Resizing the organization . In press, San Francisco: Jossey-Bass. See also Cascio, W. F., Young, C. E., & Morris, J. R. 1997. Financial con- sequences of employment-change decisions in major U.S. cor- porations. Academy of Management Journal , 40(5): 1175–1189; and Morris, J. R., Cascio, W. F., & Young, C. E. 1999. Have employment downsizings been successful? Organizational Dy- namics , 27(3): 78–87. 8 Cascio, et al., op. cit. 9 Bruner, J., quoted in Lavelle, L. Swing that ax with care. Business Week , 11 February 2002, 78. 10 Cascio, W. F., 1993. Downsizing: What do we know? What 95–104. See also Cascio, W. F. Strategies for responsible restruc- turing. Keynote address presented at the National Manpower Summit, Singapore, 18 October 2001. 11 Morris, op. cit. 12 Ansberry, C. Private resources: By resisting layoffs, small manufacturers help protect economy. Wall Street Journal , 6 July 2001, A1, A2. 13 American Management Association. 2000. 2000 American Management Association survey: Staffing and structure . New York: Author. 14 Eig, J. Shrinking week: Do part-time workers hold the key to when the recession breaks? Wall Street Journal , 3 January 2002, A1, A2. 15 Uchitelle, L. Pink slip? Now, it’s all in a day’s work. New York Times , 5 August 2001. . 16 Ibid. 17 Hitachi decides another 4,000 workers in Japan must go. South China Morning Post , 31 January 2002, 1; Kunii, I. Under the knife. BusinessWeek , 10 September 2001, 62; and Larimer, T.
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