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| Tekijä: | Barker, V. L. Duhaime, I. M. |
| Otsikko: | Strategic changes in the turnaround process. Theory and empirical evidence (Krisenmanagement) |
| Lehti: | Strategic Management Journal
1997 : JAN, VOL. 18:1, p. 13-38 |
| Asiasana: | |
| Vapaa asiasana: | UNTERNEHMENSSTRATEGIE |
| Kieli: | eng |
| Tiivistelmä: | Early corporate turnaround theorists argued that strategic reorientations are central to the recovery process at many declining firms. However, empirical studies have reported that performance turnarounds for declining firms are primarily associated with cutback actions that increase efficiency, thus creating a gap between theory and empirical findings. To close this gap the authors present a model proposing that the extent of strategic change initiated in a successful turnaround varies systematically with a declining firm's need and capacity to reorient its strategy. |
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