The recent financial crisis created problems for companies because: companies had to cut managers and lay off many workers. mana
gers found many options for financing as banks looked for more customers. it was difficult to find available workers to fill jobs in basic manufacturing. management moved away from the team concept to an emphasis on discipline and order giving as more workers refused to leave jobs.
The recent financial crisis created problems for companies because: COMPANIES HAD TO CUT MANAGERS AND LAY OFF MANY WORKERS. The recent financial crises had a huge impact on companies generally and many of them has to retrench their workers as a result of the negative impacts which the crisis had on their financial status. The companies were trying to cut costs in order to remain in business.
According to the text, management contracts usually stipulate that a fee of 2 to 5 percent of sales be paid to the firm providing the management expertise.
