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Strategic renewal during crises - A pragmatist proposition for multinational enterprises in a globalized world

Author

Listed:
  • Amitabh Anand

    (CERIIM - Centre de Recherche en Intelligence et Innovation Managériales - Excelia Group | La Rochelle Business School, CIAS, Budapest)

  • Sanjay Kumar Singh

    (University of Dundee School of Business)

  • Melanie Bowen

    (JLU - Justus-Liebig-Universität Gießen = Justus Liebig University)

  • Deva Rangarajan

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

Abstract

Unforeseen environmental shocks, such as the Covid-19 pandemic, often throw organizations into disarray and chaos. Although some organizations can successfully navigate these crises by implementing effective coping strategies, others need more knowledge on crisis management. This paper proposes strategic renewal for multinational enterprises (MNEs) facing such challenges and emphasizes the importance of developing knowledge acquisition, exploitation capabilities, and ambidextrous leadership. Based on an integrative literature review and adopting a pragmatist paradigm approach, we present a multivariate process map for strategic renewal during crises. This can be a valuable tool for MNE practitioners to prepare for future crises preemptively.

Suggested Citation

  • Amitabh Anand & Sanjay Kumar Singh & Melanie Bowen & Deva Rangarajan, 2024. "Strategic renewal during crises - A pragmatist proposition for multinational enterprises in a globalized world," Post-Print hal-04551414, HAL.
    • Handle: RePEc:hal:journl:hal-04551414
    DOI: 10.1016/j.intman.2024.101134
    as

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