In spite of the perennial interest in organisational failure and burgeoning streams of research, much of the existing literature has developed in isolation across multiple social science disciplines. Consequently, this has obscured the past accomplishments and allowed confusion to persist. The review and synthesis of the literature across scholarly fields led to the development of an integrative process model of causes, stages of decline leading to failure and consequences of organisational failure. The proposed integrated framework brings together an array of theoretical explanations for the causes of business failure. The study uncovered unchartered territories and unresolved issues which have the potential to further illuminate our understanding of the subject. The study offers a number of contributions to theory and practice.
- Business failure
- Organisational failure