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