TY - JOUR
AU - Pearce, John A.
AB - Empirical research was conducted to investigate retrenchment as an integral component of the overall turnaround process. An industry study provided an anchored operational definition of a turnaround situation, indications of its internal and external causes, and an application of an absolute measure of its severity. The research further produced an empirical discrimination between retrenchment as a stand‐alone response to financial decline and retrenchment as an initial phase of a turnaround strategy, and an identification of activities that can be used to classify entrepreneurial vs. efficiency emphases in a turnaround firm's recovery response.
TI - Turnaround: Retrenchment and recovery
JF - Strategic Management Journal
DO - 10.1002/smj.4250130404
DA - 1992-05-01
UR - https://www.deepdyve.com/lp/wiley/turnaround-retrenchment-and-recovery-LS4n0LqlrA
SP - 287
EP - 309
VL - 13
IS - 4
DP - DeepDyve
ER -