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