Business divestiture is an important strategy for the growth of many companies, but what does it mean and what is an example of divestiture? Here’s everything you should know about this topic.
A business divestiture is when a company disposes of some or (more rarely) all of its assets. In this context, assets include intellectual property, other facilities, physical buildings, and anything else that may be of value or relevant to a particular product or service.
What Does Divestiture Mean In BusinessIn business, the primary goal of a business strategy divestiture is to refocus the company. This usually means reducing the number of things the company is focusing on so it can give more focus to those and, hopefully, become more profitable.
How this occurs depends on the unique status and needs of each co…