Asked by Iesha Tyler on Jun 09, 2024
Verified
A restructuring strategy is used where changes in the scale and/or mix of operations are implemented in order to gain both short-term efficiencies and time to prepare new strategies for improving future performance.
Restructuring Strategy
A plan implemented by a company to significantly change its financial or operational structure with the aim of improving efficiency, productivity, or competitive position.
Short-Term Efficiencies
Immediate measures taken within an organization to optimize resource use and performance without long-term impacts.
- Understand the critical role of restructuring approaches such as bankruptcy, divestiture, and co-opetition in organizational change and adaptation.
Verified Answer
MJ
Mystic JewelJun 15, 2024
Final Answer :
True
Explanation :
This is an accurate definition of a restructuring strategy.
Learning Objectives
- Understand the critical role of restructuring approaches such as bankruptcy, divestiture, and co-opetition in organizational change and adaptation.
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