"A bungled corporate restructuring scheme can turn a good idea into a disaster." In the light of the given statement outline the keys for a successful corporate restructuring' scheme.

A good restructuring scheme involves a lot of planning. Equally important is the implementation of the scheme. Some keys for a successful corporate restructuring scheme may be as follows: Focus first on the longer-term strategic aspirations. Take time to develop an accurate, verifiable picture of today's structures, processes, and people. Select the right blueprint carefully by creating multiple options and testing them under present scenario. Consider all three elements of organizational design: structure, processes and people. Fill well-defined roles in an orderly, transparent way. Identify and actively change the necessary mind-sets. Do not assume that people will automatically fall in line. Use metrics to measure short- and long-term results. Make sure business leaders communicate, and create a powerful redesign narrative to inspire and mobilize the company. Monitor and mitigate transitional risks, such as interruptions to business continuity, loss of talent, and customer-care lapses.