What is the primary reason many large companies such as Sears and Boeing have implemented cost-cutting programs and eliminated thousands of jobs?
A) to expand globally
B) to win the war for talent
C) to become lean and mean
D) to avoid going broke
E) to merge with another company

Question

Quizplus · Accepted Answer

D) Sears, Boeing, and Lucent Technologies implemented huge cost-cutting programs and eliminated thousands of jobs to avoid going broke. Today's successful organizations must foster innovation and master the art of change, or they'll become candidates for extinction.

What Is the Primary Reason Many Large Companies Such as Sears