Year: 2019
Type: article
Abstract: The turnaround research is still challenged by the inconsistent terminology, hierarchy, and classification of turnaround activities.This study aims to correct such inconsistencies and proposes a synthesized, coherent hierarchy of classifications, namely turnaround stages, strategies, and tactics.Turnaround tactics that are rarely covered by academic studies get indexed and linked to turnaround strategies and stages, while at the same time correcting inconsistencies within the predominant literature.The structure proposed herein can support empirical research of a higher resolution that will go down to specific turnaround tactics and contingencies, as well as support actual decision-making processes faced by executives in challenging business situations.
Authors: Universitat Internacional de Catalunya, Sharon Gotteiner, Marta Mas-Machuca, Frederic Marimon
Institution: Universitat Internacional de Catalunya
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2989155203