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What is Strategic Renewal

Chapter 135
Encyclopedia of Organizational Knowledge, Administration, and Technology
Relevant actions aimed at redesigning an organization and changing its business model based on radical changes and progress in the environment that lead to a strategic opening (a discrepancy between an organization’s capacity and potential to grow).
Published in Chapter:
Modern Downsizing
Grzegorz Wojtkowiak (The Poznan University of Economics and Business, Poland)
Copyright: © 2021 |Pages: 14
DOI: 10.4018/978-1-7998-3473-1.ch135
Abstract
The aim of the chapter is to present the concept of downsizing from different points of view: as a strategic option, as a management tool and as a phenomenon. It describes the evolution of the term, its definitions, and different directions of development. A scale and possible outcomes are described on the basis of financial analysis; however it also discusses the role of non-financial aspects. The chapter points out reasons, aims and a wide range of tools that may be used during implementation of downsizing. One of the conclusions of the chapter is to present future research directions aiming at increasing knowledge of managers and providing them with detailed good practices.
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