Explanation : Corporate restructuring can be defined as any change in the business capacity or portfolio that is carried out by an inorganic route or a change in the capital structure of a company
that is not a part of its ordinary course of business or any change in the ownership of or control over the management of the company or a combination thereof.
Explanation : Ansoff’s product-market growth matrix presents four options. Staying with your existing product in your existing market is low risk, however moving into a new market with an existing product increases the risks, as does a new product in an existing market. The greatest risk is with a new market and product.
Explanation : QUEST may be defined as a futures research process designed to permit executives and planners in an organization to share their views about trends and events in future
external environments that have critical implications for the organization’s strategies and policies. It is a systematic, intensive, and relatively inexpensive way to develop a
shared understanding of high priority issues and to focus management’s attention quickly on strategic areas for which more detailed planning and analysis would be beneficial.
The basic assumption of the QUEST technique is that each member of the top management team of a corporation already has a view of the dynamics of the changing
environment of the organization. In the aggregate, these assumptions represent the organization’s understanding of its environment. Although extremely important for
strategic planning, this understanding is rarely articulated and shared. In some cases, these collective views of the environment may be fairly accurate since each manager is
in touch with a variety of constituencies and brings years of experience to bear upon the interpretation of the significance of external events for the organization. However, this
may not necessarily be the case, as conventional wisdom may limit perceptions of change. Thus, it becomes important to spell out assumptions about the environment
in a systematic framework so that they can be aggregated, examined, tested, and put to use for strategic purposes.