Change Scenario, business and finance homework help

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Business Finance

Description

Select a change scenario (e.g., restructuring, raises, layoffs, new IT system, new CEO, recession, etc.) and describe the elements that might be used to communicate the change effectively using the concepts and practices from the textbook. (You are not limited to your work environment – choose any change scenario you wish.)

Minimum of 300 words

Minimum of 1 source in APA format

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Explanation & Answer

Attached.

Changes Due to Economic Recession - Outline
Thesis statement: There is need to look into the elements of communicating the information,
which is in most cases sensitive, and aspects to address to enable the affected party be in good
terms with the company.
I. Introduction
II. Body
A. Elements of communication
B. Details in the elements.
III. Conclusion.


Running head: CHANGES DUE TO ECONOMIC RECESSION

Changes Due to Economic Recession
Name
Institution

1

CHANGES DUE TO ECONOMIC RECESSION

2

Changes Due to Economic Recession
The Economic recession has a significant negative financial impact on a company
especially when there are a lot of employees who are doing redundant tasks. Due to the
deterioration of the economy and low profitability margins caused by high operational cost
during a recession, a company may be forced to cut down on expenses (Jung & Kuester, 2015).
One of the main target during cutting down of costs is on the number of employees as well as the
remunerations and benefits offered. Job security is something that every employee wants to be
assured of and any form of communication to lay off employees in a bid to cut down t...


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