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As a result, many organizations that were operating inefficiently have been forced to restructure in order to streamline their operations and achieve operating cost savings that would ensure their continued competitiveness.
MBA6 -HRM
Key Words
MBA6-HRM
Downsizing the Syrian Telecom
Throughout this thesis, participants have exerted their utmost effort to analyze ‘Downsizing’ as one of the most critical issues which has and is still facing our organization – the Syrian Telecom Establishment (STE).
STE is now being a public government-owned economic-nature company. It is still the sole monopolist which provides telecom services in Syria. However, as the telecom market in Syria is going to be open to perfect competition, a new law ref. 18 has been issued and STE is now undergoing a transformation process into a commercial competitive company.
MBA6-HRM
MARKET AND STRATEGIES
STE has to restructure itself in order to improve its position in relation with customer care and service quality and …show more content…
STE board-of-directors have become very much concerned about continuous loss of profits because of inefficient productivity and surplus in employees number. So downsizing has become the main issue of everybody in the organization.
MBA6- HRM
Why Downsizing…?
Why has STE decided to downsize? to lower overheads, to increase profitability by reducing costs, to increase decision making speed by reducing layer of management, to sharpen focus on core competencies of the firm by outsourcing peripheral activities, to improve valuation the image and shape of the organization for potential increase of the stock price in the future. to make the company more efficient compared with other competitors, as a major raison d’être.
MBA6 -HRM
Downsizing as a solution to solve the problem
What does downsizing strategy mean?
A downsizing strategy is usually aimed at to reduce the scale (size) and scope of a business in order to improve its financial performance.
A reduction of the workforce is one of several alternative ways to improve profitability or reduce costs.
MBA6- HRM
Downsizing Effects
Anticipated effects of downsizing on STE’s staff…
MBA6 -HRM
Key Words
MBA6-HRM
Downsizing the Syrian Telecom
Throughout this thesis, participants have exerted their utmost effort to analyze ‘Downsizing’ as one of the most critical issues which has and is still facing our organization – the Syrian Telecom Establishment (STE).
STE is now being a public government-owned economic-nature company. It is still the sole monopolist which provides telecom services in Syria. However, as the telecom market in Syria is going to be open to perfect competition, a new law ref. 18 has been issued and STE is now undergoing a transformation process into a commercial competitive company.
MBA6-HRM
MARKET AND STRATEGIES
STE has to restructure itself in order to improve its position in relation with customer care and service quality and …show more content…
STE board-of-directors have become very much concerned about continuous loss of profits because of inefficient productivity and surplus in employees number. So downsizing has become the main issue of everybody in the organization.
MBA6- HRM
Why Downsizing…?
Why has STE decided to downsize? to lower overheads, to increase profitability by reducing costs, to increase decision making speed by reducing layer of management, to sharpen focus on core competencies of the firm by outsourcing peripheral activities, to improve valuation the image and shape of the organization for potential increase of the stock price in the future. to make the company more efficient compared with other competitors, as a major raison d’être.
MBA6 -HRM
Downsizing as a solution to solve the problem
What does downsizing strategy mean?
A downsizing strategy is usually aimed at to reduce the scale (size) and scope of a business in order to improve its financial performance.
A reduction of the workforce is one of several alternative ways to improve profitability or reduce costs.
MBA6- HRM
Downsizing Effects
Anticipated effects of downsizing on STE’s staff…