Turnaround and divesting

The chapter unravels the reasons behind the need for a corporation to transform its CS during a critical time in its life cycle. Any decision to change should be considered thoughtfully to apply the right approach. The latter comes in the form of strategies (portfolio restructuring, operational restructuring, and financial restructuring) that include specific elements to be considered in the short and long term. Finally, the chapter discusses the decision of whether to divest or outsource with the aim of highlighting the various types of actions and strategic choices behind divestiture.