Matching Pairs Restructuring TerminologyOnline version Combine the term and its definition. by Ritva Ala-Louko 1 joint venture 2 strategic alliance 3 divestiture 4 core competence 5 downsize 6 spin-off 7 takeover 8 streamlining 9 merger A voluntary fusion of two companies into one new legal entity. 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. Making a company’s operations simpler but more effective. An entity formed between two or more parties to undertake economic activity together. The partial or full disposal of a business unit through sale, exchange, closure, or bankruptcy. Reducing the number of employees on the operating payroll. A hostile way of gaining control over another company. A new organization or entity formed by a split from a larger company.
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