“Tales from the grave”: what can we learn from failed international companies?

Joseph Amankwah-Amoah (School of Economics, Finance and Management, University of Bristol, Bristol, UK)
Hongxu Zhang (School of Economics, Finance and Management, Bristol University, Bristol, UK)

Foresight

ISSN: 1463-6689

Publication date: 14 September 2015

Abstract

Purpose

The purpose of this paper is to examine how organisational closure can inform strategic foresight.

Design/methodology/approach

The authors draw insights from illustrative cases, i.e. Swissair, Sabena and Cameroon Airlines to illustrate their theoretical analysis.

Findings

The study shed light on the effects of internal and external factors in precipitating business closures. The authors established that top executives’ hubris, resistance to change and over-reliance on external consultants are some of precursors to organisational closure.

Research limitations/implications

The analysis of this paper provides a range of strategies that organisations can pursue to learn from other firms’ closure and improve their survivability and chances of future success.

Originality/value

Despite a growing body of literature on strategic foresight and organisational closure, the literature has largely developed in isolation and as such the understanding of the relationship between strategic foresight and organisational closure has remained severely limited. The paper integrates these two streams of research to enrich the understanding of how firms can learn from others to improve their strategic foresight.

Keywords

Citation

Amankwah-Amoah, J. and Zhang, H. (2015), "“Tales from the grave”: what can we learn from failed international companies?", Foresight, Vol. 17 No. 5, pp. 528-541. https://doi.org/10.1108/FS-10-2014-0059

Download as .RIS

Publisher

:

Emerald Group Publishing Limited

Copyright © 2015, Emerald Group Publishing Limited

To read the full version of this content please select one of the options below

You may be able to access this content by logging in via Shibboleth, Open Athens or with your Emerald account.
To rent this content from Deepdyve, please click the button.
If you think you should have access to this content, click the button to contact our support team.