Managerial response to business decline and failure in India: An application-oriented perspective on gaps in knowledge and theory formulation

Abstract

The objective of this paper is to highlight the scarcity of research and discourse in India, on the subject of business decline and failure, and managerial responses to the phenomenon. It is important to build indigenous know-how on this subject, given the significant economic value of businesses to a national economy. To achieve this goal, the paper first provides a brief insight into salient theories and models extant globally, so that the lay reader may be exposed to the fundamentals. In the next step, it presents the findings of a literature review that highlights the scarcity of research and discourse in India on the subject of business decline and the managerial responses to this phenomenon. Given the paucity of work on this subject, the paper recommends that primary research and the curation of information from the public domain, as good starting points to build future knowledge development on the subject.

Keywords: Business decline, organizational failure, managerial response, study, India.

View PDF