Definitions from the Web
Restructurings
Definition
Restructurings, in business, refer to the process of making significant changes to the organizational structure, operational methods, or financial framework of a company or institution. These changes are typically undertaken to improve efficiency, profitability, or adapt to new market conditions.
Examples
- The company's recent restructurings resulted in a streamlined workflow and increased productivity.
- After several restructurings, the organization shifted its focus to online sales and successfully expanded their e-commerce presence.
- Due to financial difficulties, the company had to implement cost-saving restructurings, including layoffs and the closure of unprofitable divisions.
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