Overview: Organizational decline and corporate turnarounds are historically at the height of interest, both theoretically as well as with regard to current practice. Characterized as the opposite of successful adaptation, organizational decline is the failure to anticipate, avoid, neutralize, and adapt to external or internal pressures, thus triggering a process of decreasing organizational resources over a specific period of time that might, but not necessarily needs to, end in corporate failure. Turnaround management is intuitively related to efficiency seeking, co- cutting, streamlining pro
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