Downsizing Essay Example | Topics and Well Written Essays - 500 words

Downsizing - Essay ExampleDownsizing would seem a better option come to the fore of the two which Terry Wilson can choose between go throughsizing and expanding his channel realms. Downsizing would cut down on the costs while expanding his business would mean that he would have to incur more costs. therefore a better alternative under this scenario would be to lay off those employees whom he thinks are incompetent of delivering the goods when the going gets tough for Tuscan Treasures. Keeping in line with the discussion here, the growth scheme that would employ to good effect here would be one of downsizing. It will handle all the situations related with the employees and read 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 accepted 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 Wilsons companys decline include the fact that there are momentous 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.