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Existing models of decline and turnaround assume an automatic initiation of a turnaround strategy when decline occurs. However, extended decline over time suggests that the turnaround strategy did not match the causality and severity of the situation. Borrowing from the crisis management literature, this paper argues that a triggering event or events needs to shock incumbent management into realizing that different action is called for. Such triggering events, or triggers, also play a role in the turnaround process by influencing strategies and inducing management changes. Incorporating the need for, and role of, triggers in understanding the decline/turnaround sequence helps explain the iterative and non‐sequential nature of this process.

Looks at five cases of significant value destruction – when acquisition was followed by divestiture at a much lower price. Notes that closer examination reveals several fault lines that companies frequently encounter as they execute their corporate strategy.

The paper aims to explore how market pressures, upper echelons theory and slack resources interact to affect pro-environmental strategies in an emerging market. Specifically, the authors assess external market factors (consumer concerns, regulatory forces and competitors' concerns) in terms of how they are negotiated through internal resources and company capabilities (top management commitment and discretionary slack) to produce or not produce pro-environmental strategies (environmental corporate strategy and environmental marketing strategy).

A total of 1,000 questionnaires were distributed in the Pakistani manufacturing sector – where energy use and natural resources consumption is intensive. The final 181 useable responses were analyzed using covariance-based structural equation modeling and the PROCESS macro.

The results reveal that regulatory forces and competitors' concerns have both direct and conditional indirect effects on environmental corporate strategy but only conditional indirect effects on environmental marketing strategies through the mediation of top management commitment and at different levels of discretionary slack. However, consumer concerns remain inconsequential antecedents with insignificant direct effects and conditional indirect effects on environmental corporate and marketing strategies through the mediation of top management commitment at different levels of discretionary slack.

The authors propose an integrative model as a functioning mechanism for the environmental strategic decisions of companies in emerging markets. This model relies on both slack resource and upper echelons theories. These findings contribute to a better understanding of the impacts of internal and external determinants and functions on environmental strategies at corporate and functional levels in emerging markets. The various paths to diverse levels of environmental strategy and the insignificant role of consumer concerns suggest a need for further investigation of corporate environmentalism in emerging markets that consider their distinctive legal, societal, market and institutional contexts.

Experiential learning projects require students to go further than the typical theoretical and conceptual MBA coursework requiring them to draw on their previously acquired skills to solve actual business problems from a real-world client. The purpose of this paper is to offer a detailed overview of an experiential learning global consulting project and its potential benefits, along with practical classroom recommendations.

This paper describes a global consulting project embedded in an MBA international consulting course involving a German manufacturing company operating a single production facility in the USA.

Findings suggest that in post-class assessments students were quite supportive, touting is as one of the most beneficial to their MBA education and their job placement upon graduation.

This experiential project has largely been assessed through qualitative feedback from both the students and the client. Future research efforts should assess the project in a more robust fashion. Going forward, the use of survey assessments on the project as a whole would provide more objective feedback. Obtaining feedback from graduates 1 to 5 years post-graduation would provide a valuable perspective on the project’s overall effectiveness.

The global consulting project described in this manuscript provided students with a vehicle to mimic a consulting engagement with an actual client in a real-world context.

The global consulting project described in this manuscript provided students with an opportunity to develop further their global and cultural competence. In addition, it provides an opportunity for students to fully develop the critical thinking skills, business acumen and the soft skills required of them to be successful in their future careers.

The combination of an international context and high degree of client engagement on this project make it a unique learning opportunity. This project is different as it provides a comprehensive, step-by-step, integrated approach that begins with an extensive interview process to secure a spot on the team with limited openings, then client discussions to identify the problem and determine the scope of engagement, which includes a client contract that outlines the objective and the deliverable of the engagement, followed by personal skill assessment to draw upon meta-competences necessary for the project’s success. Immersing the students in the client engagement, wherever it may take them both intellectually as well as physically (i.e. domestic and international locations) creates a template from which they can draw upon periodically as they progress in their professional.

How employees react to layoffs after a divestiture depend on how they perceive the fairness of the deal.

Researchers have investigated the link between business strategy and performance, the process of resource acquisition and employment, and issues associated with strategy implementation. However, empirical investigations into the moderating or mediating effects of resource deployment and implementation in the strategy‐performance relationship have been lacking. Data analyzed in the present study lends support for the notion that the appropriate strategy should be aligned with specific resource competencies if the strategy is to be successful.

There is an ongoing debate over the transference of managerial and organizational skills, techniques, values and culture from developed countries to developing countries. We argue there is a false underlying assumption among academics in developed countries that the theoretical template of managerial and organizational attributes in developing countries is similar to what one finds in developed countries. Two key analytical insights are offered. First, we explicitly differentiate organizational, environmental and cultural characteristics of developed and developing countries. Second, we apply Scott’s (1992) natural/ecological level of analysis to create a framework to better carry out organizational analysis in developing countries.

This study aims to examine the association between board independence and corporate social responsibility (CSR) reporting and the moderating role of stakeholder power on the association between board independence and CSR reporting.

Using a sample of 707 Bangladeshi firm-year observations, this study uses a content analysis technique to develop a 24-item of CSR reporting index. This study uses the ordinary least squares regression method to examine the relationship between board independence and CSR reporting.

The study finds that board independence does not influence CSR activities and relevant reporting in general. However, the non-influence of board independence and CSR reporting is offset by stakeholder power. Insider ownership, firm age, firm size, growth opportunities and market capitalisation have a positive influence on such reporting.

While this study suggests that stakeholders’ influence is an important factor in determining the firms’ incentives to disclose CSR information, this finding creates a new debate on the efficacy of independent directors and whether they are good monitors and are able to fulfil all the stakeholders’ expectations.

This study makes an important contribution to the literature on CSR practices by documenting that firms having powerful stakeholders induce the board and management to make more CSR reporting practices in the context of emerging economies.

Business simulations are increasingly used to facilitate knowledge transfer in management education. Although such simulations have already been widely applied in other disciplines, this method of facilitating learning has not yet been used much in financial education. This article reports on three studies that examine the value added by this experiential learning method in a financial management course, as perceived by students. The reasons for students’ experiencing this teaching method as positive are investigated. It would seem that financial education has much to gain from a wider application of business simulations.

Computer‐based enterprise simulation is increasingly being used as a pedagogical tool in educational courses and training programs. However, the learning benefits from this activity have not been fully understood. In this study, we focus on the participant’s ability to translate a company’s strategy to a set of decisions in a simulation exercise, and the learning they derive from it. The simulation follows the iterative nature of experiential learning and reinforces the objectives of the course. Results show that the simulation encourages strategic decision‐making and group behavior consistent with long term strategy.