Purpose

In the past decade, the development of the global economy, the change in organizational structures and the maturing of new technologies have led to considerable changes in business structures. Emergency situations, such as the recent COVID-19 pandemic, have led many companies to declare bankruptcy. In this context, the present study aims to analyze strategic opinions of company executives in a declaration of bankruptcy.

Design/methodology/approach

To this end, an innovative approach is applied to strategic management and business. First, the authors conducted 14 interviews with executives, and the interview data were transcribed. Second, using textual analysis and data mining techniques, the transcripts were analyzed to understand the importance of indicators identified as relevant in companies in a declaration of bankruptcy.

Findings

This resulted in identification of 10 relevant indicators perceived by executives to avoid or anticipate a state of bankruptcy, including innovation, business adaptability, room for improvement in production processes, time to react to situations of alarm, layoffs, support from public institutions, suppliers, international and national regulations, impact on the industry, credits and debts.

Originality/value

The paper concludes with a discussion of important theoretical and practical implications of these findings for the industry. Also, strategic management decision-making strategies are presented as a result of the innovative textual analysis approach used.

中文翻译：

---

企业破产对战略管理的影响：运用文本分析法分析高管意见

目的

近十年来，随着全球经济的发展、组织结构的变化以及新技术的成熟，业务结构发生了相当大的变化。紧急情况，例如最近的 COVID-19 大流行，已导致许多公司宣布破产。在此背景下，本研究旨在分析公司高管在宣布破产时的战略意见。

设计/方法/方法

为此，将创新方法应用于战略管理和业务。首先，作者对高管进行了 14 次访谈，并转录了访谈数据。其次，使用文本分析和数据挖掘技术，对笔录进行分析，以了解在破产声明中确定为公司相关指标的重要性。

发现

最终确定了高管认为避免或预测破产状态的 10 个相关指标，包括创新、业务适应性、生产流程的改进空间、对警报情况的反应时间、裁员、公共机构、供应商的支持、国际和国家法规、对行业的影响、信用和债务。

原创性/价值

本文最后讨论了这些发现对行业的重要理论和实践意义。此外，作为所使用的创新文本分析方法的结果，提出了战略管理决策策略。