Strategic mis-choice
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Downsizing and possibly hiring inexperienced personnel in the aftermath could be detrimental to competitive advantage. Downsizing in the first place was probably because of competition, outsourcing, or poor management. Could downsizing therefore be a strategic mis-choice and cause a vicious spiral?
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Response discusses the strategic mis-choice.
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As per tutor2u, "A competitive advantage is an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices." There can be two kinds of strategy to gain competitive advantage:
1) Product differentiation
2) Cost advantage or ...
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