Business restructuring involves reorganising a company to increase efficiency, reduce costs, or adapt to changing markets. This may include merging departments, downsizing, or selling assets. Everyday activities involve analysing financial performance, identifying inefficiencies, and implementing changes like layoffs or divestitures. Key risks include employee morale issues, disruption of operations, and potential loss of customer trust. Solutions involve transparent communication, careful planning, and legal compliance. News articles highlight restructuring activities at Volkswagen, which streamlined operations to focus on electric vehicles. Clear communication with stakeholders and government partnerships minimised risks during their shift toward sustainability.
Restructuring is a strategic process that an organisation can undertake to adapt to changing market conditions or address financial difficulties. Restructuring can encompass various activities,… Read More »Restructuring efforts enable organisations survive AI disruption