Original Research

Defining Business decline, failure and turnaround: A content analysis

Marius Pretorius
The Southern African Journal of Entrepreneurship and Small Business Management | Vol 2, No 1 | a15 | DOI: https://doi.org/10.4102/sajesbm.v2i1.15 | © 2015 The Southern African Journal of Entrepreneurship and Small Business Management
Submitted: 16 July 2015 | Published: 31 December 2009

Full Text:

PDF (83KB)

Share this article

Bookmark and Share

Abstract

In the past, researchers have often defined failure to suit their data. This has led to a lack of comparability in research outputs. The overriding objective of this paper is to propose a universal definition for the failure phenomenon. Clear definitions are a prerequisite for exploring major constructs, their relationship to failure and the context and processes involved. The study reports on the core definitions of the failure phenomenon and identifies core criteria for distinguishing between them. It places decline, failure and turnaround in perspective and highlights level of distress and turnaround as key moderating elements. It distinguishes the failure phenomenon from controversial synonyms such as closure, accidental bankruptcy and closure for alternative motives.

Key words and phrases: business decline, failure, turnaround, level of distress


Keywords

No related keywords in the metadata.

Metrics

Total abstract views: 942
Total article views: 5560

 

Crossref Citations

1. Failure processes of exporting firms: evidence from France
Oliver Lukason, Tiia Vissak
Review of International Business and Strategy  vol: 27  issue: 3  first page: 322  year: 2017  
doi: 10.1108/RIBS-03-2017-0020