Rightsize: meaning, definitions and examples
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rightsize
[ ˈraɪtˌsaɪz ]
business management
Rightsizing is the process of adjusting the size of a business or organization to improve its efficiency and effectiveness. This can involve restructuring, cutting down on workforce, or optimizing resources to better align with the company's goals and market demands. The objective is often to enhance productivity while reducing costs without compromising the overall quality of services or products. It is typically seen as a more strategic approach than downsizing.
Synonyms
downsizing, optimizing, restructuring, streamlining.
Examples of usage
- The company decided to rightsizing its staff to cope with the financial downturn.
- After the analysis, the management proposed a rightsizing strategy to streamline operations.
- Rightsizing may involve reallocating resources to improve efficiency.
Translations
Translations of the word "rightsize" in other languages:
🇵🇹 ajustar o tamanho
🇮🇳 सही आकार देना
🇩🇪 richtig dimensionieren
🇮🇩 menyesuaikan ukuran
🇺🇦 оптимізувати розмір
🇵🇱 dostosować rozmiar
🇯🇵 サイズを調整する
🇫🇷 ajuster la taille
🇪🇸 ajustar el tamaño
🇹🇷 doğru boyutlandırmak
🇰🇷 사이즈를 조정하다
🇸🇦 تعديل الحجم
🇨🇿 správně dimenzovat
🇸🇰 správne dimenzovať
🇨🇳 调整大小
🇸🇮 pravilno dimenzionirati
🇮🇸 rétta stærð
🇰🇿 дұрыс өлшемдеу
🇬🇪 ზომის რეგულირება
🇦🇿 ölçünü düzgün tənzimləmək
🇲🇽 ajustar el tamaño
Etymology
The term 'rightsize' emerged in the corporate lexicon in the late 20th century, particularly during the 1980s and 1990s when businesses were facing intense competitive pressures and the need for greater efficiency. It was coined as a euphemism for downsizing, which often carried negative connotations and was associated with layoffs and job losses. By rebranding the concept as rightsizing, organizations aimed to present a more positive image, focusing on optimization rather than simply reducing personnel. The term reflects a strategic alignment of resources, emphasizing that companies should aim for an optimal, rather than minimal, size to effectively meet their operational and financial goals. Over the years, rightsizing has been utilized in various discussions regarding corporate strategy, workforce management, and economic sustainability.