The dynamics of a flexible firm.

The flexible firm has become an integral part of world business practice and is becoming increasingly important in a firm's quest to maintain and enhance profitability in what has become an increasingly competitive market with the onset and development of globalisation - a phenomenon which has undoubtedly created what can be deemed 'the new economy'. Indeed it can certainly be argued that the 'flexible firm' is extremely evident and applicable in Australia and perhaps one …

…is much evidence to suggest this through the casualisation of the workforce, wage flexibility, multi-skilling and the move towards sub-contracting and temporary staff. For many firms, this flexibility has allowed them to better to compete in the increasingly competitive market place and has set the scene for greater success. However, debate still continues about what this means for employees and the fact that many argue that the flexible firm heralds the end of job security.