Everyone is looking for a way out of these harsh economic times and big companies and organizations have not been left behind either. The high inflation rate demands a highly effective financial strategy and as most organizations have discovered, downsizing usually is effective.
Downsizing, otherwise known as economizing works well as a financial strategy simply because it involves saving what is already available and directing it elsewhere. It involves tightening the belt and cutting back on unnecessary luxuries to cater for the basics whether it means selling off the family car/cars or shifting to smaller and less luxurious offices.
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