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Proceedings chapter
English

Neither Black Nor White Yet Both: The Shifting Balance Between Recovery and Retrenchment in Corporate Turnarounds

Presented at Montréal (Canada), 6-10 August 2010
PublisherNew York : Academy of Management
Collection
  • AOM Proceedings; 2010:1
Publication date2010
Abstract

The article discusses the theory of the shifting balance perspective of corporate turnarounds, which finds that firms can manage the sequential and simultaneous perspectives' inherent tradeoffs by chasing after a shifting balance between retrenchment and recovery throughout the turnaround process. Some scholars argue for a sequential attention to retrenchment and recovery while others favor simultaneous attention to turnaround activities. The hypothesis that retrenchment activities are positively associated with turnaround performance during the initial corporate turnaround phase is presented. Ways in which external and internal causes of decline shape the turnaround response are ascertained.

Keywords
  • Corporate turnarounds
  • Dowsizing of organizations
  • Organizational change
  • Employees-dismissal of industrial management
  • Corporate reorganizations
Citation (ISO format)
SCHMITT, Achim, RAISCH, Sebastian. Neither Black Nor White Yet Both: The Shifting Balance Between Recovery and Retrenchment in Corporate Turnarounds. In: 2010 Academy of Management Annual Meeting Proceedings: Dare to Care. Passion and Compassion in Management Practice and Research. Montréal (Canada). New York : Academy of Management, 2010. p. 1–6. (AOM Proceedings) doi: 10.5465/AMBPP.2010.54499469
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