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| Author: | Barker, V. III Mone, M. |
| Title: | Retrenchment: cause of turnaround or consequence of decline? |
| Journal: | Strategic Management Journal
1994 : JUN, VOL. 15:5, p. 395-405 |
| Index terms: | RESEARCH USA COMPANIES |
| Language: | eng |
| Abstract: | In a recent investigation of the turnaround attempts of 32 U.S. textile firms, Robbins and Pearce (1992) concluded that retrenchment is an integral component of successful recovery from decline. In this note the authors critique, replicate and provide an alternative explanation for their findings using data from the same sample of firms attempting turnarounds. Based on their analysis the authors find that little evidence exists to support the assertion that retrenchment is integral to turnaround. |
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