The cold hard reality of life for all businesses is that, from time to time, people need to be let go.
Recently i chatted with one person that was made redundant. Her description of the process was “I was notified I was being made redundant, and immediately frog-marched out of the building. I wasn’t even given the opportunity to collect my wedding photos off my desk. It was all rather disrespectful.”
The above is an example of a company that is not approaching the letting go of people in the right manner. How should companies handle this most difficult of times?
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In the late 90′s pundits around the world foretold of the rapid dimise of traditional business at the hands of the Internet. Of course this didnt really happen as the internet provided more of an evolutionary change than a revolutionary change. Still, the internet has dramatically changed our economic landscape.
Just take the online real estate advertising business. Ten to 15 years ago, everything was advertised in the paper. Now classified sections have shrunk to former shadows of themselves. If you are looking for a flatmate or a rental, you wouldnt even consider buying a paper, Craiglists or one of the thousands of niche sites out there provide a far better service. The same is happening with homes for sale … it is just a matter of time before more and more papers either reinvent themselves or just disappear.
Therefore it was with interest that the following article came across my desk from the Wall Street Journal about the Blockbuster thinking about entering bankruptcy protection. No wonder businesses like Netflix (USA), Lovefilm (UK and Europe) and Quickflix (Australia) are growing at ever increasing rates.
It will be interesting to see which other busniess and industries give up holding back the tide and are swept away by the continuous onslaught of the internet.
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Its been a while since i last wrote however i just couldnt resist writing about a PR event that i am sure Tiger Airways is regretting. I was kicking back and watching TV the other night when the show Airways came on. Now i dont usually view these types of shows however i was intersted in seeing how the Australian version of the UK show faired. Suffice to say, the Tiger Airways, about which the show is about, came off looking amateurish at best.
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