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Organizational decline and corporate turnarounds are gaining significant attention in both theory and practice. Decline occurs when organizations fail to anticipate and adapt to pressures, leading to diminished resources over time, which may result in failure. Turnaround management focuses on efficiency, cost-cutting, and streamlining processes. However, challenging the simplistic view of cost management and short-term survival is complex. Exploring the relationship between exploitation and exploration in achieving long-term turnarounds is a unique and compelling endeavor. Achim Schmitt brings personal experience and extensive research in corporate restructuring and organizational decline to this topic. His dissertation examined how organizations respond to decline, revealing strategies to avoid bankruptcy while fostering sustainable growth. The book not only offers practical insights into restructuring but also integrates various research streams and findings from a comprehensive empirical study, enhancing its depth and relevance in the field.
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Innovation and growth in corporate restructurings, Achim Schmitt
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- Année de publication
- 2009
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