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

Amitabh Anand, Sanjay Kumar Singh, Melanie Bowen and Deva Rangarajan
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Amitabh Anand: CERIIM - Centre de Recherche en Intelligence et Innovation Managériales - Excelia Group | La Rochelle Business School, CIAS, Budapest
Sanjay Kumar Singh: University of Dundee School of Business
Melanie Bowen: JLU - Justus-Liebig-Universität Gießen = Justus Liebig University
Deva Rangarajan: LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique

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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.

Keywords: Strategic renewal; Knowledge acquisition; Knowledge exploitation; Ambidextrous leadership; crises management; MNEs; MNE leadership (search for similar items in EconPapers)
Date: 2024-03-11
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Published in Journal of International Management, 2024, pp.101134. ⟨10.1016/j.intman.2024.101134⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04551414

DOI: 10.1016/j.intman.2024.101134

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