Downsizing, in recent years, have assumed a commonplace in various organisations. The views of various practitioners and in fact results of various studies indicates that these initiatives, albeit, intended to produce positive results, often do more harm than good to some organisations,...

In a dynamic environment, companies are required to adapt. The way for companies to stay competitive in industrial competition is to make strategies. Previous research has shown that strategic renewal can provide long-term success for corporate organizations (Agarwal & Helfat, 2009). Renewal...