Restructuring process

Oleksandra Kochura

Chapter 4.45 in Elgar Encyclopedia of Strategy as Practice, 2025, pp 526-528 from Edward Elgar Publishing

Abstract: There are three primary types of corporate restructuring: financial, organisational, and portfolio restructuring. For example, organisational restructuring involves changes to the structure, systems, and practices, including downsizing the workforce and altering fundamental structural principles. In contrast, portfolio restructuring concentrates on modifying business lines and recombining units via divestitures, dissolutions, mergers, and acquisitions. In addition to these broad categories, scholars also refer to other organisational activities that enact restructuring, such as spin-off, reorganisation, turnaround, and renewal. The Strategy-as-Practice (SAP) lens has proven valuable for observing and understanding micro activities, decision-making, and resource allocation during the restructuring, particularly through the perspectives of sensemaking, sense-giving, middle managers’ involvement, and identity work.

Keywords: Restructuring; SAP; Sensemaking; Sense-Giving; Middle Managers; Organisational Change (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035315956
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