RT Journal Article
T1 Turnaround strategies for companies in crisis: Watch out the causes of decline before firing people
A1 Santana, Mónica
A1 Valle, Ramón
A1 Galan-Gonzalez, José Luis
K1 Sources of decline
K1 Turnaround strategies
K1 HR strategies and HR practices
AB When a company goes into crisis, the first and most typical response is the dismissal of people, even before considering the sources of the decline. Although the reduction of costs may seem a quick and reasonable measure in this context, downsizing is not the only possibility, nor the most advisable response when facing decline. In turn, by identifying and understanding the sources of decline in time, a company may want to decide on human resource (HR) alternatives to layoffs. This research shows how the HR responses of declining companies should be in line with the sources of the decline. Adopting a configurational perspective, we propose a model of analysis that links sources of decline, turnaround strategy, and HR strategy (HRS) and practices. This model identifies four basic HRS for organizations in decline, according to its sources: flexibility-oriented, efficiency-oriented, niche-oriented, and maintenance-oriented HRS.
PB Elsevier
YR 2017
FD 2017-07-01
LK https://hdl.handle.net/10433/20417
UL https://hdl.handle.net/10433/20417
LA en
NO Santana, M., Valle, R., and Galan, J.L. (2017). Turnaround strategies for companies in crisis: Watch out the causes of decline before firing people. Business Research Quarterly, 20 (3). https://doi.org/10.1016/j.brq.2017.01.003
NO Management and Marketing Department, University of Pablo de Olavide
DS RIO
RD May 22, 2026