A chase strategy often involves hiring and laying off workers regularly. The text mentions that the costs of hiring, layoff, and training may be significant. Expand on this concept to explore the various human resource implications of such a strategy. Discuss what are some potential pitfalls, beyond the known direct hiring, layoff, and training costs, of a chase strategy? What potentially unforeseen worker-related issues might emerge? What human resource strategies might a firm implement to mitigate some of these potential risks?
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