Corporate Restructuring: Managing the Change Process from within

Description

This text provides new evidence on how corporations can recognize and respond to change without outside intervention. It counters conventional wisdom that an actual or threatened hostile takeover is necessary to induce managers to change, and demonstrates how and why voluntary restructuring works by using case studies of General Mills, Burlington Northern and CPC International. The book explains why voluntary restructuring helps firms evolve naturally and preserve their independence. It also provides a long-term, in-depth historical perspective on restructuring, revealing the rationale and motivations of management during the 1960s and 1970s. "Corporate Restructuring" should be of interest to: top managers; boards of directors; strategic planners; faculty and students in the areas of business strategy, governance, corporate finance, control and organizational theory and practice.

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