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    Implementing Cost Cutting in Organizations during Austerity

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    Implementing Organizational Change states that forging bonding relationships in an organization is critical to success. How would you do this in challenging economic times when cost-cutting measures must be implemented?

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    A crucial way to forge relationships during challenging economic times is by uniting the group with a single mission of operating as efficiently as possible. It is best to outline the situation factually to the organization, and make them aware of the need to cut costs. Encourage suggestions. Often employees volunteer to cut hours, ...

    Solution Summary

    This detailed solution outlines suggestions for implementing organizational change during economically stress-ful times. It deals with presenting employees with ways to build a team in spite of making cost cutting adjustments to the organization.