Strategic Decisions in a Stagnant Economy — Beyond Downsizing

Over the past year and a half, many companies — understandably — have chosen to wait. They did not want to be the first to make tough decisions, hoping the market would recover, orders would return, and difficult choices affecting employees could be avoided. By now, however, this period of waiting is no longer just an HR issue: it has become a matter of a company’s long-term viability, business model, and sustainability.