What do we talk about when we talk about strategic renewal: a systematic literature review of 40 years of research

Abstract

Purpose The purpose of this study is to synthesize the literature on the topic of strategic renewal by identifying the key dimensions of extant research and the connections between fragmented research domains. Design/methodology/approach This study applies systematic literature review to identify the level of consistency and generalizability of research findings across existing studies in a comprehensive manner. Findings This study identifies six main themes of strategic renewal in the extant literature: (1) antecedents, (2) initiation, (3) logic, (4) structure, (5) process and (6) outcomes of strategic renewal. Research limitations/implications By integrating the current streams of research, the review offers a conceptual model of strategic renewal that maps the current state of the research and provide insights into key themes for the future research. Originality/value1 This study, identifies connections between fragmented research domain and offers a conceptual framework of strategic renewal.