Existing models of decline and turnaround assume an automatic initiation of a turnaround strategy when decline occurs …. However, extended decline over time suggests that the turnaround strategy did not match the causality and severity of the … in the turnaround process by influencing strategies and inducing management changes. Incorporating the need for, and role …

Firms that are able to shift their trajectory from continual failure to sustained success are rare, yet turnarounds do … factors that can lead to firms escaping from continual failure. This study examines turnarounds in the late twentieth century …, finding that the importance of strategic change may have been significantly underestimated in previous turnaround research …

Failure among SMEs has been attributed to size, age, location and being part of particular industries and not part of a … to failure. Using the resource-based view of the firm, this paper aims to do a post-mortem examination on the attributes … that failure is not merely a function of lack of resources. Although these findings shed new light on attributes of failed …