Relacionar Columnas Restructuring TerminologyVersión en línea Combine the term and its definition. por Ritva Ala-Louko 1 divestiture 2 streamlining 3 downsize 4 strategic alliance 5 core competence 6 joint venture 7 takeover 8 merger 9 spin-off Making a company’s operations simpler but more effective. Reducing the number of employees on the operating payroll. 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. 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. A hostile way of gaining control over another company. 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.