Strategic Renewal of Organizations

Rajshree Agarwal () and Constance E. Helfat ()
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Rajshree Agarwal: College of Business, University of Illinois, Champaign, Illinois 61822
Constance E. Helfat: Tuck School of Business, Dartmouth College, Hanover, New Hampshire 03755

Organization Science, 2009, vol. 20, issue 2, 281-293

Abstract: Strategic renewal, although critical for the sustained success of organizations, has received relatively little attention as distinct from the more general phenomenon of strategic change. Like all strategic issues, strategic renewal presents both opportunities and challenges for organizations. In this article, we first define the term “strategic renewal” and elaborate on important characteristics of this phenomenon. We also bring to bear evidence that suggests that strategic renewal has a critical impact not only on individual firms and industries but also on entire economies. We then provide an in-depth example of a company that has successfully renewed itself more than once, namely, IBM. Finally, we examine several different avenues for strategic renewal, involving both content and process, and identify common themes among them.

Keywords: strategic renewal; dynamic capability; innovation; cognition; market entry (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (136)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ororsc:v:20:y:2009:i:2:p:281-293

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