This study hypothesizes that while downsizing has been a reasonable strategic move for some firms, it is by no means a corporate panacea. The study further suggests that adding‐value to organizations by increasing the knowledge of employees at all levels, including the top level, is a strategic necessity. The hypotheses are supported by data assembled by the authors sourced from: the 10‐k SEC’s filings; data generated by The United States Department of Labor; data available through other sources; and by a critical analysis of the Employee Knowledge literature. Several authors have noted the strategic importance of sharing information with employees, making available universal learning opportunities for the workforce, and providing a corporate culture that ensures continuous knowledge enhancement.
Whitaker Shimko, B., Meli, J.T., Restrepo, J.C. and Oehlers, P.F. (2000), "Debunking the “lean and mean” myth and celebrating the rise of learning organizations", The Learning Organization, Vol. 7 No. 2, pp. 99-109. https://doi.org/10.1108/09696470010316251
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