management reorganization; business restructuring
Refers to a fundamental change in a company's management structure, strategy, or operations, often in response to financial difficulties or market shifts.
They plan to sell off unprofitable divisions and restructure the management.
If the management reorganization succeeds, performance will likely recover.
事業再編 focuses on reorganizing business units or operations, while 経営転換 implies a broader shift in management approach or corporate strategy.
リストラ (restructuring) often emphasizes workforce reduction, whereas 経営転換 is a more comprehensive term for management transformation.
Compound of 経営 (management) and 転換 (conversion, change).