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| Topic: |
Business
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| Number of pages / Number of words: |
19 / 5091 |
Essay's paper body
CC needed to make changes in order to cut costs, but it failed to integrate staffing practices with strategy (Dreher & Dougherty, 2001). The result of this and many other failures at the upper management level is CC shares have fallen 28% in the last year.
Strategy
The strategy CC chose to use seemed quite simple...
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Fire its employees and re-hire them at a lower “market rate†wage (Business Week, 2007). This would undoubtedly save the organization a great deal of money and CEO Philip Schoonover thought it was an excellent solution. The problem was CC failed to realize it was firing its key customer service representatives...
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