Skip to Main Content
Financial Management
book

Financial Management

by Jack Alexander
January 2024
Intermediate to advanced content levelIntermediate to advanced
720 pages
17h 20m
English
Wiley
Content preview from Financial Management

11Course-Corrections: Business Transformation and Restructuring

THE NEED FOR CHANGE…

All organizations will eventually have to consider making significant course-corrections. This occurs for a variety of reasons, including life cycle maturity, competitive pressures, disruptive forces, failed investments or strategy and economic cycles. Even high-growth technology companies with a long history of growth, including Amazon, Meta (Facebook), and Alphabet (Google), had to face this reality in recent years.

How Did We Get Here?

There are many paths that lead to a need for business transformation.

Competitive Threats. Nearly all enterprises face significant competition. This competition is often intensified by a new entrant to the market, or by an innovation in product, process, or distribution. This intensification will typically result in lower market share (volume) and price erosion with a significant impact on profitability.

Disruptive Forces and Black Swan Events. Many industries have been disrupted by significant changes in technology, and social, environment, ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Financial Management

Financial Management

Sheeba Kapil
Principles of Managerial Finance, 15th Edition

Principles of Managerial Finance, 15th Edition

Scott B. Smart, Chad J. Zutter, Lawrence J. Gitman
Corporate Finance, 5th Edition

Corporate Finance, 5th Edition

Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi

Publisher Resources

ISBN: 9781394228362Purchase Link