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The Longevity of Large Enterprises: A Study of the Factors That Sustain Enterprises over an Extended Period of Time

Author

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  • Malik Muhammad Sheheryar Khan*

    (University of South Australia, Australia)

Abstract

The high mortality of companies has been a common trend especially following major economic events such as the 2008 global finance crisis. Many companies such as Lehman Brothers were seemingly performing companies until their abrupt collapse which left the business world shocked. Many organisations currently are strategizing towards sustainability and ultimately longevity. However, not many companies have managed to survive for at least a century and remain relevant in the current market. The study therefore focuses on creating a framework which illustrates the main factors that are an imperative for any company to survive for a long period of time. The framework includes; five main factors which are responsible for organisational longevity, i.e. Resources, Innovative Capability, Organisational Culture, Organisational systems and Strategy. Framework proposed can be applied within large scale business enterprises that have to bear the brunt in the wake of recession. Maintenance of all the factors promoted longevity among organisations.

Suggested Citation

  • Malik Muhammad Sheheryar Khan*, 2015. "The Longevity of Large Enterprises: A Study of the Factors That Sustain Enterprises over an Extended Period of Time," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(5), pages 41-52, Special I.
    • Handle: RePEc:jda:journl:vol.49:year:2015:issue5:pp:41-52
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    More about this item

    Keywords

    Longevity; Organisation; Sustainability; Framework; Stability;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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