Univrsity Of Tehran Press Journal of Business Management 2008-5907 6 3 2014 09 23 A strategic model of in-crisis firms’ turnaround process A strategic model of in-crisis firms’ turnaround process 497 516 50731 10.22059/jibm.2014.50731 FA Hosein Rahman Seresht Prof., Business Administration, Management College, Allameh Tabatabaee University, Tehran, Iran Yahiya Hasas Yeganeh Assistant Prof., Accountant, Financial and Accountant College, Allameh Tabatabaei University, Tehran, Iran Mirfayz Falah Shams Assistant Prof., Financial Management, Tehran Center Branch, Islamic Azad University, Tehran, Iran Mansour Irandoost Ph.D. Candidate, Business Administration, Management College, Allameh Tabatabaee University, Tehran, Iran Journal Article 2014 01 12 This qualitative study has been done with the final objective of exploring the in-crisis firms’ turnaround process, using a systematic plan of Grounded Theory. So, open 10 interviews were conducted exclusively with managers of listed (accepted) companies’ in Tehran Stock Exchange experiencing financial crisis during 2006-2012 and they have been successful in turnaround. The results of analysis were achieved through three phases of open, axial, and selective coding so that a set of initial contents was collected during the open coding and some items (categories) were extracted from them; then these items link was determined in coding paradigm in axial coding phase and each components of coding paradigm was described in selective phase. The model developed in this study compared with previous models indicates that with comprehensive approach, while addressing the shortcomings of previous models, complete picture of extra-and intra-organizational factors cause the crisis, nature, severity and duration of the crisis, turnaround strategies, underlying and intervention factors for the implementation of turnaround strategies and ultimately the outcome the revival process in crisis corporate offers. This qualitative study has been done with the final objective of exploring the in-crisis firms’ turnaround process, using a systematic plan of Grounded Theory. So, open 10 interviews were conducted exclusively with managers of listed (accepted) companies’ in Tehran Stock Exchange experiencing financial crisis during 2006-2012 and they have been successful in turnaround. The results of analysis were achieved through three phases of open, axial, and selective coding so that a set of initial contents was collected during the open coding and some items (categories) were extracted from them; then these items link was determined in coding paradigm in axial coding phase and each components of coding paradigm was described in selective phase. The model developed in this study compared with previous models indicates that with comprehensive approach, while addressing the shortcomings of previous models, complete picture of extra-and intra-organizational factors cause the crisis, nature, severity and duration of the crisis, turnaround strategies, underlying and intervention factors for the implementation of turnaround strategies and ultimately the outcome the revival process in crisis corporate offers. https://jibm.ut.ac.ir/article_50731_3fb99f5e76ba1d0ccffc00ee980036a9.pdf