Companies facing financial distress may restructure or make other significant changes. Whether salvation lies in separating an unsustainable part of a business, bringing on new management or implementing a new corporate strategy, communication is essential to successful change. Jason Jaross, of Mercer's workforce communication and change business, and HRadio’s Richard Klein take a look at the importance of communication during business transformation, including specific communication challenges and steps organizations can take to ensure their communications are effective. (HRadio, 5 Jan 2010)
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