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Learning the wrong lessons from history: Underestimating strategic change in business turnarounds

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  • Andrew Wild

Abstract

Firms that are able to shift their trajectory from continual failure to sustained success are rare, yet turnarounds do occur and are part of the business landscape. Little progress has been made over the last two decades in discovering the key 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. Emphasis is given to the care that must be taken when constructing research methodologies to ensure we avoid learning the wrong lessons from history.

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  • Andrew Wild, 2010. "Learning the wrong lessons from history: Underestimating strategic change in business turnarounds," Business History, Taylor & Francis Journals, vol. 52(4), pages 617-650.
    • Handle: RePEc:taf:bushst:v:52:y:2010:i:4:p:617-650
    DOI: 10.1080/00076791003753186
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    References listed on IDEAS

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    1. Gourvish, Terry, 2004. "British Rail 1974-1997: From Integration to Privatisation," OUP Catalogue, Oxford University Press, number 9780199269099.
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    Cited by:

    1. Seema Miglani & Kamran Ahmed & Darren Henry, 2020. "Corporate governance and turnaround: Evidence from Australia," Australian Journal of Management, Australian School of Business, vol. 45(4), pages 549-578, November.
    2. Ramon Oehninger & Michael J. Kendzia & Felix Scherrer, 2020. "Preventing Corporate Turnarounds through an Early Warning System," International Journal of Management, Knowledge and Learning, International School for Social and Business Studies, Celje, Slovenia, vol. 9(2), pages 185-205.
    3. Isaac Mabhungu & Breggie Van Der Poll, 2017. "A Review of Critical Success Factors Which Drives the Performance of Micro, Small and Medium Enterprises," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(6), pages 151-151, May.

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