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Sharing creates stability.(management strategies)
- Article from:
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Industrial Engineer
- Article date:
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December 1, 2006
- Author:
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Copyright informationCOPYRIGHT 2006 Institute of Industrial Engineers, Inc. (IIE). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VERY FEW MANAGEMENT CONCEPTS are as attractive to executives and as threatening to the workforce as shared services.
Shared services refers to a management approach that applies common resources such as financial accounting, compliance services, information systems, and administrative support across organizational boundaries. In the past, many of these services were dedicated to individual business units. Each plant or division had its own controller and accounting staff and some may have had their own information systems.
Dedicated resources have become a luxury that no longer can be supported in a global competitive market. To reduce administrative costs, many ...