These challenges are examined in i4cp’s new Corporate Restructuring Highlight Report, along with other strategies companies are using to make it through – whether it’s redesigning the organization, building strategic partnerships or developing innovative sourcing strategies. This corporate reorganization report is available primarily to members, though you can download the executive summary here.
i4cp research shows that corporate reorganization is a business consideration that will increase in importance in the coming years, with nearly two-thirds of business professionals saying it will be an ‘extremely important’ or ‘important’ issue in the future. Process reengineering and managing strategic alliances will similarly grow in importance over the next decade.
Here are some of the critical components of corporate reorganization that are addressed in the Corporate Restructuring Highlight Report:
- Layoffs need to be implemented in a dignified, efficient manner that meets the needs of affected workers and survivors while at the same time avoids legal difficulties.
- Most companies see layoffs as a last resort, and there are several strategies to cut costs and avoid dramatically reducing headcount.
- Outsourcing can be a useful tool for gaining efficiencies and reducing costs, while strategic alliances can help speed innovation.
- No one organizational design is right for every company, and it can be a challenge to find the structure that meets a business’s needs.