VS.

Reengineering vs. Restructuring

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Reengineeringnoun

The application of technology and management science to the modification of existing systems, organizations, processes and products in order to make them more effective, efficient and responsive.

Restructuringnoun

A reorganization; an alteration of structure.

Restructuring

Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout.

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