Tuesday, February 24, 2009

Strategy of Selling at Best Price :

•Selling the product at best price is possible by producing the product at low cost. Producing high quality product at low cost is the best strategy in the market economy. The HRM strategy relevant to such corporate strategy include:
-Employing the workforce with creative skills in developing technology and methods of minimizing cost.
-Trimming the workforce to cut the costs.
-Managing organizational exit policy strategically.
-Moldings the employee attitude towards low risk-taking, and cost-cutting.

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