Company Beta is looking for a strategy to boost its performance due to an increasingly tougher competitive environment. Bureaucratic inefficiencies associated with a tall hierarchy have been identified. Company Beta has decided to lay off people and reduce the number of layers in the hierarchy from nine to five. This move has grown Beta's profits and revenues. This strategy is called delayering.

Question

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The given scenario describes a delayering strategy where Company Beta has reduced the layers in its organizational hierarchy to improve efficiency, and this has led to an increase in profits and revenues.

Company Beta Is Looking for a Strategy to Boost Its