Downsizing) In the past decade, the Japanese economy has fallen from its lofty levels of the 1980s. As a consequence, many Japanese companies have been forced to downsize. In most companies, one of two strategies can be pursued in downsizing. First, a company can lay off employees. Second, a company can cut employment through natural attrition and by reducing fu¬ ture hiring.

Conduct a library or Internet search of “Japanese management culture” to identify attitudes of Japanese managers about employees. Then prepare a report in which you explain why Japanese companies might prefer one of these downsizing strategies to the other.

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