The strategic changes the company unveiled include closing stores, completing the wind down of its legacy catalog business, realignment of its call center operations and reorganization of its custom decorating business.
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"We believe that this important reorganization of our key business units will help us raise our operating leverage across the firm and realize the full potential of Morgan Stanley's great franchise, " Purcell said in a statement announcing Monday's management changes.
"The initiation of a process to sell the Personalized Imaging and Document Imaging businesses is an important step in our company's reorganization to focus our business on the commercial markets and enable Kodak to accelerate its momentum toward emergence, " said Antonio M.
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One reason for the move might be to counter any perception that small business was being slighted in the broader reorganization.
Former Harvard Business professor Clark Gilbert engineered a major reorganization of the Deseret media properties, building a digital company, creating a new-and more narrowly focused-editorial identity for the newspaper and unveiling a weekly national print edition.
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Alibaba announced a reorganization in January to transform its seven business units into 25 smaller divisions to compete more effectively in China's turbulent Internet market.
After the group's reorganization, New Hope was given the feed business for much of south and southwest China.
We live and do business in the information age, but the last major reorganization of the government happened in the age of black- and-white TV.
We live and do business in the information age, but the last major reorganization of the government happened in the age of black and white TV.
The fact is that we live and do business in the information age, but the last major reorganization of the government happened in the middle of the last century.
Having fallen behind Delta and United in network size, American has lost corporate accounts and business-travel loyalty one of the factors that led to its bankruptcy reorganization.
Some companies (crime-news site APBNews.com is one) attempt a more complicated Chapter 11 reorganization, in the hope that some investor can be persuaded to lend money to keep the business going.
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