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In the United States, newly chartered banks are subject to increased regulatory scrutiny during their early years of operation to ensure their long-term viability. As the record number of bank failures in 2009 has shown, this additional regulation does not guarantee success. To better understand...
Although the importance of organizational failure has fostered a steady stream of research, a review of the literature suggests that the majority of studies have focused on firms in the private sector and in developed economies. Despite the increasing occurrence of state-owned firms failing in...
The authors contend that structural and managerial antecedents of strategy failure exist and the extent to which these determine failure is different under conditions of high and low adherence to strategy. Our results support these arguments and demonstrate that the drivers of failure differ...
Organizations are often encouraged to learn from the failures of others. However, failures can be extremely complicated and multifaceted, defying clear cause attribution. Learning organizations face challenges in adopting and implementing the lessons of such failures and many times are unable to...
Data from the 2007 U.K. floods are examined using institutional theory and practice theory lenses. We note that learning from crisis ultimately results in “lessons learned” being institutionalized in new norms, tools, and infrastructure. As the basis of legitimate action for coping in the...
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