Revamp (verb)

1. To make extensive renovations or improvements to.
2. To improve or revitalize something by making significant changes.

Origin:

Re- (indicating repetition) + vamp (verb).

Examples:

1. The company decided to revamp its website to make it more user-friendly.
2. The government plans to revamp the healthcare system.
3. The room needed a complete revamp.
4. The new management team decided to revamp the company's marketing strategy.
5. The company's product line was in need of a revamp to stay competitive in the market.