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