This paper presents the problem of workers lay off and loss along with their exit from the organization its key competencies - skills and knowledge. Importance of management of key competencies was described. The paper also presents outplacement as a way to maintain core competencies even during...

In today's fast-changing, increasingly global and competitive world, the ability of any business to create and sustain competitive advantage is one of the only urging questions. Conventionally, in most businesses, tangible resources are the key factors for improving the business market position....