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