Research Paper on:
IT Technology Profession and the Impact of Downsizing

Unformatted Sample Text from the Research Paper:
the corporate world for their employees, Information Technology companies have fundamentally changed the relationship between the organization and its employees. Indeed, Information Technology companies are becoming more and more  eager to implement a scaled-down version of their operations as a means by which to minimize expenditures and maximize profits. "You have workers that are often difficult to train  when willing, but are often unwilling to really work and earn their way" (Torres C2-6). What is the impact of such significant downsizing  to the Information Technology field in general? For one thing, globalization has cast an entirely new light upon the way that Information Technology companies operate amidst a growing atmosphere  of global competition. Every opportunity to cut costs and increase revenue brings a company that much closer to overpowering its industry rival. "There are good reasons...to be skeptical  about whether easing the way money flits around the world has brought more good than harm" (Moberg 18). While the globalization of the Information Technology industry greatly depends upon  a firms competitive position in a particular country being significantly impacted by its position in other countries, it can be readily understood that global industry is not just a collection  of domestic industries but rather a group of linked industries in which rivals compete against one another upon a worldwide basis. "Businesses when entering foreign markets must Think Globally,  Act Locally, effectively using the concept of the international product life cycle, and improve value chain activities to sustain their competitive advantages" (Industry-Specific Competitiveness Of A Nation).  Yet another impact of downsizing in the Information Technology field is the notion of inflation. Inflation and the business cycle are two economic entities