The essence of downsizing: a review of literature
Abstract
The process of downsizing has
often been considered as a onetime
activity that is disconnected
from the processes and the outcomes
associated with the activity.
Since the strategies, organizational,
industrial and environmental
characteristics play a crucial
role in determining the success
and/or failure of the
downsizing process, a piece-meal
approach to the research on
downsizing is not enough. This
paper thus presents a holistic
view of the downsizing process
where the dynamics that ensue
during the downsizing are elucidated
in a framework. This paper
further discusses certain implications
for practitioners and
provides scope for future research
for the researchers.
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