Economics

Offer  a clearly  focused  problem  statement  in  the broad  area  of corporate  culture.

Below is the gist of an article from  Business Week. After reading  it: identify  the broad  problem  area b)  explain how  you would  proceed  further.

Define  the problem  statement(the why  and the  what)in the following situation:Companies  benefit through  employee loyalty. Crude  downsizing  in organization during  the recession crushed  the loyaty  of millions. The economics  benefits  of loyalty  embrace lower  recruitment  and trains cost, higher productivity  of workers, customer  satisfaction….How would you  define  the broad  problem  in the following  case?

One of the major problems of the Chrysler minivans is related to its quality. The Chrysler is one of the most prominent companies of minivans who are currently leading the in the market. However, company is facing tough to sustain in highly competitive environment because of the poor quality of the machinery parts used in the vans (Boxall & Purcell, 2007). Apart from that, company goodwill in downsizing its armlet value because of the leaking and defective parts of the products.
9. Employee Loyalty: Boarder problems
One of the major problem in the above case is that loyalty of the employee is been decreasing every year because of fear of job security. The patience of employee is wearing thin because of the too much of hiring and firing since the 2008 market crash.  It has crushed the employees   trust and faith in the company (Davis, 2011). Company uses various corporate gimmicks to maintain their profitability one of them is downsizing in organizations. Companies are using term like scaling operation and