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Turnaround and failure: Resource weaknesses and the rise and fall of Jarvis

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  • Andrew Wild
  • Andy Lockett

Abstract

Research employing the resource-based view (RBV) has overwhelming focused on the upside of resources, namely those that provide benefit to the firm. However, an emerging research stream suggests that the downside of resources, namely resource weaknesses, may be crucial in gaining a greater understanding of the key factors that contribute to firm performance and the ability to turnaround failing companies. We examine the infamous case of Jarvis, a firm that achieved a turnaround, but then experienced catastrophic failure. In so doing we explore the emergence of resource weaknesses, their nature and ability to combine to create a fatal organisational outcome.

Suggested Citation

  • Andrew Wild & Andy Lockett, 2016. "Turnaround and failure: Resource weaknesses and the rise and fall of Jarvis," Business History, Taylor & Francis Journals, vol. 58(6), pages 829-857, August.
    • Handle: RePEc:taf:bushst:v:58:y:2016:i:6:p:829-857
    DOI: 10.1080/00076791.2015.1024229
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    Cited by:

    1. Manuel Rico & Naresh R. Pandit & Francisco Puig, 2021. "SME insolvency, bankruptcy, and survival: an examination of retrenchment strategies," Small Business Economics, Springer, vol. 57(1), pages 111-126, June.

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