Every company is faced with some type of restructuring activity during its history. The restructuring process is painful and often unsuccessful. There are two basic types of restructuring: financial and operational. Financial restructurings are often a result of poor operational performance and the reality that the management team has not responded quickly enough to changing business dynamics. In this case, a wall to wall cost takeout is called for. Often, the need to restructure is a gut reaction by senior management in response to perceived weaknesses in the business. This article focuses on operational restructuring and the process for planning and successfully implementing it.
Anti-Strategy Blockchain Business Transformation Case Studies Company Physical Continuous Improvement Cost Takeout Driving Continuous Improvement Series Exit Planning and Transition Global Initiatives Healthcare Information Technology M&A Manufacturing and Distribution Market Effectiveness Mexico News Organizational Development Podcasts Quote Strategic Execution Talent Management Total Cost of Ownership Uncategorized Weekend Thought