COMMENTARY ON “ SURVIVAL STRATEGIES OF LONG-ESTABLISHED COMPANIES IN HOSTILE ENVIRONMENTS”
2023 Volume 53 Pages 102-104
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2023 Volume 53 Pages 102-104
This essay is a commentary on my article “Survival strategies of long-established companies in hostile environments: A comparative study of existing and bankrupt firms,” which received an award from the Japan Academy of Business Administration.
The original paper conducted a qualitative comparative analysis (QCA) using publicly available data about 18 long-established Japanese listed companies to examine the strategic factors that made the difference between survival and failure in the post-bubble period. The analysis revealed three strategic patterns typical of companies that have achieved extraordinary longevity of over 300 years old. Moreover, commonalities among companies that had lived for a long time but gone bankrupt in the hostile environment were examined.
This essay also discusses additional limitations in the original paper based on the discussions held after publication. Finally, I explain the intent behind the research design of the original paper and make some recommendations regarding the prerequisites for the future development of studies on long-established companies.
