Relacionar Columnas Restructuring TerminologyVersión en línea Combine the term and its definition. por Ritva Ala-Louko 1 strategic alliance 2 streamlining 3 spin-off 4 downsize 5 joint venture 6 divestiture 7 takeover 8 core competence 9 merger An entity formed between two or more parties to undertake economic activity together. A new organization or entity formed by a split from a larger company. A unique ability that a company acquires from its founder. It can not be easily imitated. A voluntary fusion of two companies into one new legal entity. The partial or full disposal of a business unit through sale, exchange, closure, or bankruptcy. Making a company’s operations simpler but more effective. A hostile way of gaining control over another company. Reducing the number of employees on the operating payroll. Cooperation between two or more companies aiming at better results in their operations.