Strategic renewal during crises - A pragmatist proposition for multinational enterprises in a globalized world

Amitabh Anand; Sanjay Kumar Singh; Melanie Bowen; Deva Rangarajan

doi:10.1016/j.intman.2024.101134

Strategic renewal during crises - A pragmatist proposition for multinational enterprises in a globalized world

Amitabh Anand
, Sanjay Kumar Singh (Lead / Corresponding author)
, Melanie Bowen
, Deva Rangarajan

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

94 Downloads (Pure)

Abstract

Unforeseen environmental shocks, such as the Covid-19 pandemic, often throw organizations into disarray and chaos. Although some organizations can successfully navigate these crises by implementing effective coping strategies, others need more knowledge on crisis management. This paper proposes strategic renewal for multinational enterprises (MNEs) facing such challenges and emphasizes the importance of developing knowledge acquisition, exploitation capabilities, and ambidextrous leadership. Based on an integrative literature review and adopting a pragmatist paradigm approach, we present a multivariate process map for strategic renewal during crises. This can be a valuable tool for MNE practitioners to prepare for future crises preemptively.

Original language	English
Article number	101134
Number of pages	13
Journal	Journal of International Management
Volume	30
Issue number	3
Early online date	11 Mar 2024
DOIs	https://doi.org/10.1016/j.intman.2024.101134
Publication status	Published - Jun 2024

Keywords

Ambidextrous leadership, crises management
Knowledge acquisition
Knowledge exploitation
MNE leadership
MNEs
Strategic renewal

ASJC Scopus subject areas

Business and International Management
Finance
Strategy and Management

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10.1016/j.intman.2024.101134Licence: CC BY-NC

Final Published VersionFinal published version, 890 KBLicence: CC BY-NC

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abstract = "Unforeseen environmental shocks, such as the Covid-19 pandemic, often throw organizations into disarray and chaos. Although some organizations can successfully navigate these crises by implementing effective coping strategies, others need more knowledge on crisis management. This paper proposes strategic renewal for multinational enterprises (MNEs) facing such challenges and emphasizes the importance of developing knowledge acquisition, exploitation capabilities, and ambidextrous leadership. Based on an integrative literature review and adopting a pragmatist paradigm approach, we present a multivariate process map for strategic renewal during crises. This can be a valuable tool for MNE practitioners to prepare for future crises preemptively.",

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KW - Knowledge exploitation

KW - MNE leadership

KW - MNEs

KW - Strategic renewal

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ER -

Strategic renewal during crises - A pragmatist proposition for multinational enterprises in a globalized world

Abstract

Keywords

ASJC Scopus subject areas

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