Sprint and Managerial Economics Essay Example | Topics and Well Written Essays - 500 words

Sprint and Managerial Economics - Essay Example ve their heart in the business, they have identified themselves with the business , customers on the other hand have identified themselves with the employees , they have build good rapport and their departure is likely to impact the business tremendously and in a negative way. Sprint Corporation would have explained to their employees the situation that the firm was facing and then give them an opportunity to chose as it happened in the case of Kelvin k company where employees were given a choice to chose leaving the company and seek new and greener pastures. Laying off employees is not a decision that is made in the short term, it is a decision that takes time therefore when the management of Sprint realized that they were headed for bad times they would automatically initiated the idea of voluntary retirement to their employees, in this way the loyal employees would not have felt betrayed. Sprint received a bad editorial coverage due to its lay off strategy. This included the media where most of the times the media sympathizes with the laid of employees and portrays them as victims, therefore Sprints consumers may have received the wrong impression of the corporation. The loyal employees also receive many privileges in the companies including immense trust, this does not escape the eyes of the customers who also in turn trust the employees more, whenever the employees move out of the company and transfer to other companies they make an effort to go with their customers greatly injuring the turnover of their previous company , this should never be allowed to happened particularly to a company that is experiencing financial constraints like Sprint Corporation. There are other options that Sprint would have followed including reducing employee allowances while awaiting the end of the constraints, those who would have felt that it was too much would have been given the liberty to leave the company and as stated above. Whenever a company is experiencing