Developmental and Technological Restructuring for the Implementation of Competitive Business Models

Drago Dubrovski

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Abstract: Restructuring is a method of revolutionary change that signifies the transfer from an existing to a new structure enabling a higher degree of effectiveness and efficiency when it comes to managing business transactions, thus guaranteeing a better rate of survival and development of the company. Restructuring may be implemented in various connected business areas or functions, depending on the goals, the type of company and the types of its programmes; one of the branches of restructuring is also developmental and technological restructuring. Considering the technological progress and digital transformation of business, a sufficient degree of global competitiveness of the product portfolio will only be possible through methods of revolutionary change, which is, however, a significantly more complex and expensive task than the implementation of gradual change. In companies in crisis, their past business models cannot succeed, which means they need to be changed in a profound manner. However, contrary to the expectations, survey data shows that in these companies, management is mostly (or only) dealing with financial restructuring, which cannot guarantee the further existence and development of such a company without first implementing new or drastically changed existing business models.

Keywords: Restructuring; Change; Digital Transformation; Crisis; Business Model (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp20:279-288

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