It is a process which aim is to detect the causes of the company`s operational underperformance, to redesign its strategy and to control its proper running.
This concept has historically been associated with the idea of rescuing the enterprise in a situation of either bankruptcy or insolvency, by decreasing the general expenses of the society. But in reality, an operational restructuring involves checking a wide range of elements:
redefining the strategic goals and objectives and the core business, make an expenditure rationalization, execute a right-sizing of the company, perform a cash management and eventually, optimize the resources.