Dave Cote, CEO of Honeywall, and his executive team put the significant efforts to turnaround the ailing company, but in 2008 they encounters with a challenge: what are the ways to protect the business from the consequences of the Great Recession. However, none of them really wanted to lose the position they secured in the last six years.
The falling demand requires to cut the business expenses in all of the operations. Whether the company should pursue the strategy of employee layoffs or unpaid leaves to reduce the workforce, and whether they should freeze the recruitment process. The company might pursue the choice to bring changes in the compensation programs and benefits of the employee and executives. However, each of the alternatives required a great deal of attention to handle carefully because it might derail the company’s momentum.
Related Case Solutions & Analyses:
Negotiation Analysis: An Introduction
Alphatech India Limited: B2B Customer Retention
Going Flat: Pursuit of a Democratic Organizational Structure
Ethics Hold the Key to Network Contradictions
Stratton Auto
Blind Spots: The Roots of Unethical Behaviour in Life and Work
Governance Failure at Satyam
Bob Holgrom and the Buyout of the Carlson Division
Sailing in Rough Seas
Global Approaches to Anti-Corruption
