restructuring

Vocabulary Word

Definition

'Restructuring' generally means changing or rearranging the structure of something, often to make it work better. It's often used in businesses when they need to change how they are organized.

Examples in Different Contexts

In nonprofit organizations, 'restructuring' is sometimes necessary to maximize impact. A director might declare, 'Implementing restructuring measures is crucial to refine our focus, allocate resources more efficiently, and expand our outreach effectively.'

Practice Scenarios

Academics

Scenario:

Our student body's needs are shifting, and our current department work isn't meeting them.

Response:

Correct, a restructuring of our departments could help us better address the shifting needs of our students.

Operations

Scenario:

Our manufacturing processes have become stagnant and costly. We need to implement measures to improve efficiency and reduce costs.

Response:

Restructuring our manufacturing processes could undoubtedly lead to more efficient production and reduced costs.