Relier Pairs Restructuring TerminologyVersion en ligne Combine the term and its definition. par Ritva Ala-Louko 1 downsize 2 core competence 3 joint venture 4 spin-off 5 takeover 6 streamlining 7 divestiture 8 strategic alliance 9 merger A hostile way of gaining control over another company. A new organization or entity formed by a split from a larger company. 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. 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. Making a company’s operations simpler but more effective. Reducing the number of employees on the operating payroll. Cooperation between two or more companies aiming at better results in their operations.