Monday, November 4, 2019
Downsizing Essay Example | Topics and Well Written Essays - 500 words
Downsizing - Essay Example Downsizing would seem a better option out of the two which Terry Wilson can choose between downsizing and expanding his business realms. Downsizing would cut down on the costs while expanding his business would mean that he would have to incur more costs. Hence a better alternative under this scenario would be to lay off those employees whom he thinks are incapable of delivering the goods when the going gets tough for Tuscan Treasures. Keeping in line with the discussion here, the growth strategy that would work to good effect here would be one of downsizing. It will handle all the situations related with the employees and bring to a single level the cost issue where it starts getting out of hand. Another growth strategy would be to cut down on extra costs which would mean more incentives for the organization in the long run. This would mean that the organization grows as a whole and keeps its costs under a certain level. The third growth strategy which could be used here comprises of the diversification within small business domains but not actually expanding the business. This shall bring forth more profits for the company than it is getting at the present. The possible causes of WilsonÃ¢â¬â¢s companyÃ¢â¬â¢s decline include the fact that there are significant issues which need to be resolved at the earliest. The employees are being delegated tasks well and hence not being given their share within the organizational settings.