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Author: | Sprague, J. L. |
Title: | Restructuring and corporate renewal. A manager's guide |
Journal: | Management Review
1989 : MAR, VOL. 78:3, p. 34-36 |
Index terms: | CORPORATE STRUCTURE LAY-OFFS ATTITUDES COMPETITIVENESS RATIONALISATION |
Language: | eng |
Abstract: | A carefully thought and planned restructuring can have positive effects on morale and productivity. The concept of restructuring is defined. Some reasons for restructuring are mentioned: corporate renewal, severe economic downturn, stockholder pressure, technological obsolescence. The most important rules for a successful restructuring are reviewed: the program should have a strategic direction; continual face-to-face internal communication is crucial; those who are leaving must be treated fairly etc. Manufacturing trends in electronics and other industries affecting corporations' activities are considered. |
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