THE MAIN ASPECTS OF SUCCESSFUL MANAGEMENT OF REORGANIZATION AND RESTRUCTURING PROCESSES FOR REAL ESTATE MANAGEMENT COMPANIES IN LATVIA

Research background: Changes in global political processes, the impact of geopolitically unstable conditions, rapidly changing circumstances, globalization in business is the growth in movement across national borders, intensifies competition between companies, which forces companies to think about expanding their business. Companies can use mergers and acquisitions to improve competitive advantages, however, achieving the expected success through mergers and acquisitions in many cases poses serious challenges for company management and does not provide the expected value from these transactions. Acquisitions and mergers without successful management of reorganization and restructuring may not provide the expected benefits. The purpose of the article: to introduce about reorganization transactions and restructuring processes to help Latvian real estate services companies implement acquisitions and mergers and company restructuring to achieve better business results. Methods: The monographic and descriptive method was used to analyse the theoretical aspects of the management of company reorganization transactions and restructuring processes, secondary data analysis and expert interviews were used to characterize the situation in the real estate management services industry, but the quantitative research method, for example, the analysis of statistical data on reorganization transactions, was used in conjunction with the comparative, analytical, deductive, logical research method. Findings and added value: Real estate management companies in Latvia face the conditions that arise for every company, that its successful development is impossible if reorganization or company restructuring is not carried out. Companies, their managers do not have sufficient knowledge about the reorganization process and other factors for correctly conducted reorganization transactions, therefore companies need to correctly and professionally manage reorganization transactions and restructuring processes.