Declining Employee Commitment: What it Means; Why it is Happening; What we can do about it

Abstract

American business is struggling under the pressures of a new and unfamiliar business environment. Foreign competition, deregulation, mergers and bankruptcies have become facts of life for American business. From the world view, we have fulfilled the futurists’ prophecies and become a true global economy in which a competitor can as easily be from Asia, Europe, or Africa as from the next town. At home, industries whose markets were traditionally protected through government regulation or lack of effective foreign competition find themselves operating in highly competitive markets. Mergers and acquisitions, new technologies and the increased complexity of doing business at all levels combine with the new, more highly competitive environment to make “change” the only constant.