This book provides an engaging exploration of how corporate strategy and restructuring can significantly shape the competitiveness of firms.Corporations - firms with more than one business unit - require managers to decide how best to allocate resources to ensure the overall corporation thrives. This book provides a concise yet holistic and dynamic approach to corporate restructuring measures, such as alliances, R&D investments, acquisitions, and the exiting of businesses. Successful corporate restructuring requires balancing several challenges and allows managers to adjust how a corporation relates to external trends, such as globalization, rapid technical development, competitive change, and various stakeholders. Corporate strategy is not a fixed solution to challenges; rather, corporations need to build a multi-relational and flexible restructuring capability. Chapters offer a practical account of the key challenges and tools of corporate strategists and are illustrated with real-life cases and data sets from both emerging and established markets across different countries. Each chapter includes discussion questions, key terms, and end of chapter summaries.This book is essential for advanced undergraduate and postgraduate students studying corporate strategy, corporate governance, and international business.Online resources include chapter-by-chapter slides and teaching notes, including answers to discussion questions.