Discussion 3

Please give a 300 word description of a reorganization in which you participated. If you have not participated in an reorganization, you may find one online and describe it.

SAMPLE SOLUTION

In business, the term reorganization is used to refer to either the overhauling of a business’s operations to improve efficiency, the merging of two or more organizations, or the restructuring of a company’s capital structure and debt because of receivership or bankruptcy (Schmidt, 2016). A corporate reorganization effort that was completed recently was the reorganization of a South Korea shipbuilding group, Hyundai Heavy Industries. Earlier on, Hyundai Heavy Industries holdings was the holding company of a subsidiary known as Hyundai Heavy Industries (Je-yoon & Mira, 2018). The subsidiary was a holding company of a daughter company called Hyundai Samho. Hyundai Samho also had a subsidiary called Hyundai Mipo. The restructuring was aimed at reducing the…