STRATEGICAL RESTRUCTURING AS A WAY OF CHANGE MANAGEMENT

Abstract

The article answers the question why a concept of change management is topical today and examines a restructuring as a possible way of change management, there are sorted out numbers of features allowing to classify a restructuring regarding a concept of change management, In the paper are considered possible definitions for “strategical restructuring” and a definition proposal in the movement of change management. The paper explores a life cycle and its influence on strategical restructuring process. Taking a decision about strategical restructuring it is important to understand that the main goal of this process is shareholder wealth maximization. The article investigates an agency problem - an issue concerning interest’s adherence of certain stakeholder groups, determines their possible reasons of resistance. In the end of the paper there is considered a list of the information to be analyzed before starting a strategical restructuring program, and there are made conclusions concerning possible consequences if one decides to start restructuring without influence assessment of certain factors.

DOI: http://dx.doi.org/10.5755/j01.em.17.1.2297