Strategic Change in The Turn Around Process : Theory and Empirical Evidence  

Oleh:

Duhaime, Irene M. ; Baker, Vincent L.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 18 no. 1 (1997), page 13-38.
Topik: STRATEGIC; corporate turnarounds; strategic change; organizational decline

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Early corporate turn around theories argued that strategic reorientations are central to the recovery process at many declining firms. However, subsequent large - sample, empirical studies have reported that performance turn arounds for declining firms are primarily associated with cutback actions that increase efficiency, thus creating a gap between theory and empirical findings. We close this gap by persenting and empirically supporting a model proposing that the extent of strategic change initiated in a successful turn around varies systematically with a declining firm's need and capacity to reorient its strategy. Based on our model, we offer explanations for why past large - sample researchers were not able to verify the role of strategic change in the turn around process and we reassert the adaptive role that strategic re - orientations have in the turn around attempts of declining firms with weak strategic positions.

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