Abstract
The paper examined the role of corporate restructuring in improving organizational performance by reviewing various literature in the domain of strategic management, where key authors, relevant theories, and studies were identified and reviewed, and a premium was placed on books and articles in peer-reviewed academic journals published between 2017 and 2023. Consequently, 30 authors were examined to isolate the corporate restructuring strategies beneficial to improving organizational performance. Analysis showed that these strategies can take various forms, and many empirical studies were underpinned by the dynamic capabilities theory, the resource-based theory, or the strategy-structure contingency theory, and the relationships were significant. Thus, corporate restructuring was adjudged to have the potential to enhance organizational performance. Scholars in the field of strategic management should therefore pay attention to the long-term consequences of restructuring.
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