The Aspects of Restructuring Enterprises and the Ways of Implementing the Process
The Aspects of Restructuring Enterprises and the Ways of Implementing the Process
Author(s): Kristina Garškaitė-MilvydienėSubject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: restructuring enterprises; ways and measures applicable for restructuring enterprises; anti-crisis management; organizational, legal, financial and strategic aspects; external and internal factors.
Summary/Abstract: The paper discusses certain aspects of restructuring enterprises and presents different ways and measures applicable for restructuring companies; they are divided and grouped according to certain qualities. In scientific literature, measures for restructuring enterprises are most frequently classified according to organizational, legal, financial and strategic aspects. For assessing the factor of the period, passive and active ways for transforming enterprises are often singled out, where the first one is usually applied when the response to ongoing negative changes is late and actions are limited by operative anti-crisis measures targeted for cutting expenses. When the active way to the transformation of enterprises is employed, the aim of assessing the total situation of the enterprise and newly forming its strategic potential is pursued. The measures for restructuring enterprises classified with reference to different aspects differ in their goals, contents and technologies of implementation. Variety in applicable measures is predetermined by a broad range of causes and goals, and the scope of restructuring enterprises depends on the abundance of sectors to be transformed to the enterprise. Choosing a way to restructuring enterprises is also affected by external and internal environmental factors. In practice, a combination of various ways for restructuring rather than a single one of those) is applied.
Journal: Verslas: teorija ir praktika
- Issue Year: 15/2014
- Issue No: 4
- Page Range: 328-338
- Page Count: 10
- Language: English