In the 1980's the goal of restructuring was to cut costs and create greater efficiencies. While companies benefited, the shareholder was often left out. Now the goal is to create value for stockholders. Here is how it can be done.
How do you institute real change while preserving a company's culture? Corning Incorporated did it by starting at the top and by creating a partnership to transform itself through a comprehensive reassessment of its existing costs and hopes for growth.
Articles published in strategy+business do not necessarily represent the views of the member firms of the PwC network. Reviews and mentions of publications, products, or services do not constitute endorsement or recommendation for purchase.
strategy+business is published by certain member firms of the PwC network.