The Global Knowledge Worker
Tools & Technologies, Frameworks 1-6-2024

How digitalization affects the effectiveness of turnaround actions for firms in decline

We investigate how digitalization influences the effectiveness of retrenchment and strategic actions on firms’ turnaround outcomes after a situation of firm decline. To ensure turnaround actions are effective, declining firms must possess relevant knowledge about how to implement such action. We argue that through digitalization, firms can form a close…

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