Question

Example of corporate restructuring in manufacturing

Answer 1

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The rapid advancement of technologies related to new product development and design, engineering, manufacturing, marketing, and distribution has caused many companies to gain new competitive advantages over rivals with regard to the efficiency of providing products and services. Conversely, companies that have failed to incorporate these advancements have lost the ability to compete effectively, resulting in losses in market share and profit margin. These companies have resorted to basic reengineering of business processes—reinvention of those processes—to lower costs, speed production and reaction to changing consumer demands, lower cycle times, and improve quality.

This process often involves a general restructuring of the existing enterprise. Noncore businesses, defined as less profitable or lower-growth sideline operations that share few synergies with the principal business, are sold or closed down, with the proceeds used to invest in improvements in the core business

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Answer 2

CORPORATION. An example of restructuring by a manufacturer is provided by Toshiba. An electronics manufacturer, Toshiba was created in 1939. It was the first company to manufacture one-megabit memory chips (in 1985) and began shipping laptop computers in 1986.

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