Providing an interpretative structural model of the interaction of strategies for revitalizing small and medium-sized manufacturing companies facing decline and bankruptcy (Case study: food industries of Ardabil province)

Document Type : Original Article

Authors

1 Associate Professor, Shahid Beheshti University.

2 Assistant Professor, Malik Ashtar University of Technology.

3 PhD student, Shahid Beheshti University.

10.48308/jimp.2023.232783.1482

Abstract

Organizational Organizational decline and stagnation is a phenomenon that threatens the survival of all types of companies even in developed countries. Companies' non-compliance with environmental changes and their lack of ability to respond to customers' needs lead to the damping of many of them. For the successful revival of a declining or bankrupt company with poor performance, a wide range of revival strategies can be considered that these strategies interact with each other and not paying attention to this issue, the revival of declining companies, especially companies Small and medium-sized companies face problems in practice. Therefore, the main goal of this research is to provide an interpretive structural model on the interaction of revitalization strategies of small and medium manufacturing companies. Since many small and medium-sized companies in the food industry in Ardabil province have declined or gone bankrupt in the past few years and need to be revived, these industries were chosen as a case study for this research. In the first stage of the research, domestic and foreign studies were examined to identify the factors of the decline of companies and their revival strategies. After that, fuzzy screening was used to localize the decline factors of these companies. In order to determine the strategies related to each decline factor, a focus group interview including 10 food industry experts was conducted and interpretive structural modeling was used to present the interaction model of these strategies.

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