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Business rescue: Adapt or die
South African Journal of Economic and Management Sciences ( IF 0.841 ) Pub Date : 2018-10-30 , DOI: 10.4102/sajems.v21i1.2164
Rajendra Rajaram , Anesh M. Singh , Navitha S. Sewpersadh

Substantial emphasis has been placed on the need for a corporate rescue culture because there is a greater probability of a successful reorganisation if a business rescue is attempted at a preinsolvency stage (Kastrinou & Jacobs 2017). Over 35 years ago, the pioneering study conducted by Whetton (1980) highlighted the scarcity of studies in the management of organisational decline and the need for research to mitigate the impact of an emerging era of retrenchment. The study proposed a joint agenda for research, teaching and consulting to rectify the neglect (Whetton 1980). Therefore, there is a growing need for theoretical and empirical investigations into organisational decline. Notably, the threat of organisational decline has increased since Whetton’s (1980) efforts to increase research. As evidenced in the continued weakness of the global economy, the persistent threat of decline remains a highly relevant global concern (Trahms, Ndofor & Sirmon 2013:1278).

中文翻译:

企业营救:适应或死亡

由于企业在破产前的阶段进行营救,成功重组的可能性更大,因此对企业营救文化的需求已被大量强调(Kastrinou&Jacobs 2017)。35年前,Whetton(1980)进行的开创性研究强调了组织衰落管理方面的研究稀缺性,并且有必要进行研究以减轻新兴裁员时代的影响。这项研究提出了一个联合议程,以进行研究,教学和咨询,以纠正这种疏忽(Whetton 1980)。因此,越来越需要对组织衰落进行理论和实证研究。值得注意的是,自Whetton(1980)努力增加研究力度以来,组织衰落的威胁已经增加。
更新日期:2018-10-30
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