- A series of events and processes that a company's management team facilitates in order to change and/or reorganize itself in an attempt to improve its current situation. Shakeups can occur when a business has undergone new ownership or has been performing poorly, and a shift in the company's team or overall strategy is a necessary catalyst for potential success.
For example, Al Dunlap was brought to shake up Scott Paper in an attempt to make the paper company successful. Over the course of an 18-month process of restructuring and cost cutting, Dunlap transformed Scott Paper from a $2.9 billion company into $9.5 billion company.
Investment dictionary. Academic. 2012.
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shakeup — shake‧up [ˈʆeɪkʌp] noun [countable] a process in which an organization makes lots of changes in a short time in order to become more successful, effective etc: • The shakeup could cost as many as 3,000 of the bank s 41,600 employees their jobs. • … Financial and business terms
shakeup — shake|up [ˈʃeıkʌp] n a process by which an organization makes a lot of big changes in a short time to improve its effectiveness shakeup of ▪ a big shakeup of the education system … Dictionary of contemporary English
shakeup — noun (C) a process by which an organization makes a lot of big changes in a short time to improve its effectiveness: a huge shakeup of the education system … Longman dictionary of contemporary English
shakeup — / ʃeɪkʌp/ noun a total reorganisation ● The managing director ordered a shakeup of the sales departments … Dictionary of banking and finance
shakeup — noun the imposition of a new organization; organizing differently (often involving extensive and drastic changes) a committee was appointed to oversee the reorganization of the curriculum top officials were forced out in the cabinet shakeup • Syn … Useful english dictionary
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