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Restructuring or Reframing is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs.
As change management becomes more necessary in the business cycle of organizations, it is beginning to be taught as its own academic discipline at universities. [2] There are a growing number of universities with research units dedicated to the study of organizational change.
This method of organizational transformation is implemented by analyzing and restructuring various aspects of a business, such as workflow, communication, and decision-making processes, with the goal of achieving significant improvements in performance, such as increased productivity, reduced costs, and improved customer satisfaction.
A restructuring of an Organization may become necessary when either external or internal forces have created a problem or opportunity for improvement in efficiency and effectiveness. When performing an organizational analysis, many details emerge about the functions and capacity of the organization.
A corporate recovery (also referred to as corporate turnaround, restructuring, retrenchment, or downsizing) is a rescue undertaken by professional accountants or financiers who are trained to assist the management of a company in financial and other difficulties.
Researchers interested in organizations and organizing meet in the context of numerous conferences and workshops: the Academy of Management Annual Conference (in particular the OMT division), the European Group for Organizational Studies (EGOS), the Asia Pacific conference on Research in Organization Studies (APROS), the American and European Conference on Organization Studies (LAEMOS), the ...
From organizational changes necessary to accommodate market-based endeavors, such as growth in "number and scope" of administrative offices that manage profit-seeking efforts, to the "tendency to replace traditional, social problem-focused board members with entrepreneurial, business-oriented individuals," changes take effort from work directly ...
Organization development (OD) is the study and implementation of practices, systems, and techniques that affect organizational change. The goal of which is to modify a group's/organization's performance and/or culture. The organizational changes are typically initiated by the group's stakeholders.