search query: @freeterm value creation / total: 24
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| Author: | Morrow, J. L. (et al.) |
| Title: | Creating value in the face of declining performance: firm strategies and organizational recovery |
| Journal: | Strategic Management Journal
2007 : MAR, VOL. 28:3, p. 271-283 |
| Index terms: | growth strategy |
| Freeterms: | investor expectations organizational recovery value creation |
| Language: | eng |
| Abstract: | Companies that have failed to meet the performance expectations of investors must seek new ways of creating value or face the loss of financial support. This article uses resource-based arguments and finds that valuable and difficult-to-imitate strategies that recombine the firm's existing stock of resources to create new products, processes or technologies have a positive effect on organizational recovery a measurement by investors' expectations. The results also show that valuable and difficult-to-imitate strategic actions that use existing resources in new ways contribute the most to organizational recovery. |
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