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Change in Business

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"Change" in business is a given in today's world. Explain how business restructuring, organizational culture, and informal organizations can help businesses successfully adapt to that ever-present change.

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Solution Summary

This in-depth solution of over 2,000 words gives advice on how to adopt change in businesses by explaining concepts with real-life examples of business restructuring, synergy, organizational culture, and informal organizations.

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Business Restructuring

A significant modification made to the debt, operations or structure of a company. This type of corporate action is usually made when there are significant problems in a company, which are causing some form of financial harm and putting the overall business in jeopardy. The hope is that through restructuring, a company can eliminate financial harm and improve the business. Restructuring is a great tool to wake up the crew and bring new ideas to the front, without change growth is blocked by the very ones counting on increases. Restructuring can help a business refocus on an area in which it excels while stepping away from areas in which it was either ill-suited or prepared to function.

Investopedia Says: When a company is having trouble making payments on its debt, it will often consolidate and adjust ...

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