Managed decline
Managed decline is a phrase that refers to the management of the decline (or "sunset") phase at the end of a lifecycle, with the goal of minimizing costs or other forms of losses and harm. The concept originated in business where it referred to the management of companies and industries, but has since spread beyond to be used in other contexts.
Examples of managed decline include the handling of the textiles, shipbuilding, coal and steel industries in North America and Europe in the 1980s[1][2] (in 1981, it was proposed for the English city of Liverpool by Chancellor Geoffrey Howe[3]); of the postal delivery services in Europe and the United States in the first decades of the 21st century,[4] of the established churches in western Europe since the 1970s,[5] and that of an individual's quality of life in their final years as they face old age or terminal illness.
Decline can be managed through multiple means, including public or industrial policy efforts such as government provision of retraining.
The expression "managed decline" has been used to describe United Kingdom's economic decline after the turn of millennium.[6][7][8]
See also
[edit]References
[edit]- ^ Coen, David and Wyn Grant, Graham Wilson (2010). The Oxford handbook of business and government. Oxford University Press. p. 332. ISBN 978-0199214273.
{{cite book}}: CS1 maint: multiple names: authors list (link) - ^ Zan, Luca and Stefano Zambon, Andrew M. Pettigrew (1993). Perspectives on Strategic Change. Springer. pp. x. ISBN 9780585272900.
{{cite book}}: CS1 maint: multiple names: authors list (link) - ^ Travis, Alan (30 December 2011). "Thatcher government toyed with evacuating Liverpool after 1981 riots". The Guardian. Retrieved 7 November 2020.
- ^ Enterprise and Department for Business (2008). Modernise or Decline: Policies to Maintain the Universal Postal Service in the United Kingdom, an Independent Review of the Uk Postal Services Sector. UK Stationery Office. pp. 59–60. ISBN 978-0101752923.
{{cite book}}:|last=has generic name (help) - ^ Martin, David (2005). On secularization: towards a revised general theory. Ashgate Publishing Company. p. 162. ISBN 0754653226.
- ^ Jacobs, Sherelle (2023-08-07). "Britain isn't in 'managed' decline. The country is about to fall off a cliff". The Telegraph. Archived from the original on 2023-08-07. Retrieved 2024-07-06.
- ^ Rees, Tom; Atkinson, Andrew; Aldrick, Philip (2023-03-12). "A Lost Decade Worse Than Japan's Threatens to Change UK Forever". Bloomberg.com. Archived from the original on 2023-03-13. Retrieved 2024-07-06.
Still, despite her dramatic demise, Truss's warning that the UK faces a managed decline without a dramatic change of course is gaining traction across Westminster, including in the opposition Labour Party.
{{cite web}}: CS1 maint: unfit URL (link) - ^ Gamble, Andrew (2023-09-30). "Britain's eternal decline". New Statesman. Archived from the original on 2023-09-30. Retrieved 2024-07-06.