Business High School

after looking at the layoff and separation plans, the finance manager suggested that the easiest way to protect company profitability is to cut those with the 

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Answer 1

After reviewing the layoff and separation plans, the finance manager has suggested that the easiest way to protect company profitability is to cut those with the lowest performance or least critical roles. This approach aims to reduce costs by eliminating positions that have less impact on the overall success of the company.

1. Evaluate the layoff and separation plans: The finance manager should carefully review the plans to understand which positions are being targeted for cuts and the potential impact on company profitability.
2. Identify low performers: The finance manager should assess employee performance and identify those who have consistently underperformed or have not met the company's expectations.
3. Assess critical roles: It's important to determine which roles are crucial for the company's operations and success. These roles should be protected to ensure the smooth functioning of the business.
4. Consider alternative cost-cutting measures: While layoffs may be necessary, the finance manager should also explore other options to reduce costs, such as optimizing resources, streamlining processes, or renegotiating contracts.

To protect company profitability, the finance manager suggests cutting those with low performance or less critical roles. This ensures cost reduction while minimizing the impact on overall operations. However, alternative cost-cutting measures should also be considered.
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Answer 2

The finance manager suggested that the easiest way to protect company profitability is to cut those with the lowest performance or those who are not contributing to the company's success. By identifying employees who are not performing up to the expected standards or whose roles are no longer essential, the company can eliminate unnecessary costs and optimize its workforce. This can be achieved through a performance evaluation process that assesses employees' skills, productivity, and overall contribution to the organization.

Cutting employees with low performance can help the company retain high-performing individuals who positively impact profitability. Additionally, by strategically eliminating positions that are no longer critical to the company's operations, the finance manager can further enhance the organization's financial stability.

It is important for the finance manager to consider the potential impact on employee morale and the overall culture of the company. Implementing a fair and transparent process, communicating the reasons behind the cuts, and providing support for affected employees can help mitigate any negative effects.

In summary, the finance manager suggests that cutting those with low performance or non-essential roles is the easiest way to protect company profitability. However, it is crucial to carefully consider the process and potential impact on employees to maintain a positive work environment.

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Related Questions

corporate strategy establishes: question 13 options: how domains such as marketing will operate to achieve strategic goals how individual businesses will operate what industries and businesses the firm will compete how individuals will progress through the corporation the defensive use of technology in the firm

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Corporate strategy establishes how industries and businesses the firm will compete.

1. Corporate strategy refers to the overall plan and direction set by a company to achieve its long-term goals and objectives. 2. One important aspect of corporate strategy is determining the industries and businesses in which the firm will compete. This involves making strategic decisions about the markets and sectors the company will enter or exit.

3. These decisions are based on various factors, such as market analysis, competitive advantage, and the company's resources and capabilities.  4. By identifying the industries and businesses it will compete in, the firm can allocate its resources effectively, develop appropriate marketing strategies, and make informed decisions about product development, pricing, distribution, and other business functions. 5. Corporate strategy also helps align the organization's activities and resources with its strategic goals, enabling it to focus its efforts on areas that are most likely to contribute to its success.

In summary, corporate strategy establishes the industries and businesses in which the firm will compete. It guides the company's decision-making process and helps allocate resources to achieve its strategic goals


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