Relier Pairs Restructuring TerminologyVersion en ligne Combine the term and its definition. par Ritva Ala-Louko 1 takeover 2 downsize 3 core competence 4 merger 5 spin-off 6 strategic alliance 7 joint venture 8 divestiture 9 streamlining A hostile way of gaining control over another company. A unique ability that a company acquires from its founder. It can not be easily imitated. A voluntary fusion of two companies into one new legal entity. A new organization or entity formed by a split from a larger company. Reducing the number of employees on the operating payroll. Making a company’s operations simpler but more effective. Cooperation between two or more companies aiming at better results in their operations. An entity formed between two or more parties to undertake economic activity together. The partial or full disposal of a business unit through sale, exchange, closure, or bankruptcy.