All organizational structures have a shelf life as internal and external conditions evolve is yours in need of a refresh? First, its important to clarify that restructuring your business isnt the same thing as reducing your workforce. In fact, smart organizations regularly analyze and proactively adjust their structure to take advantage of new trends and opportunities it shouldnt be a last-ditch effort to save a business.
Restructuring aligns different parts of the organization to ensure performance can be realized. A restructure can reap a number of positive rewards, such as improved financial performance, the ability to more effectively leverage supplier relationships, easier recruitment of talent to meet changing needs, improved di…
Read the full article at: https://ceoworld.biz/2020/07/30/dont-be-afraid-to-restructure-6-reasons-to-consider-a-new-org-design/