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In the mid-1990s Canon, Japan''s leading camera and photocopier manufacturer undertook re-engineering and restructuring of its business processes. The case brings out the various strategies employed by the company in its process of re-engineering and restructuring, and the benefits of these programmes. Canon''s re-engineering efforts were divided into two phases. The case discusses in detail the re-engineering strategies of the company under each phase. The case also discusses the future prospects of the company. The case will enable students to: (1) understand why organisations opt for re-engineering and restructuring; (2) understand and appreciate the intricacies of restructuring and re- engineering processes; (3) understand the differences between re- engineering and restructuring; (4) understand the role played by top management in the re-engineering and restructuring efforts of a company; (5) understand the impact of re-engineering and restructuring on an organisation; and (6) understand the advantages of re-engineering and restructuring. The case is aimed at MBA/PGDBA students, and is intended to be part of the strategy and general management curriculum.