This study addresses workers buyouts as a form of governance suitable for designing and implementing solutions to business crises from a socially responsible and multistakeholder perspective. In recent years, there have been repeated phases of economic crisis that have led to increased business crises, resulting in great damage to society as a whole as well as the real lives of the people involved. Business crises affect managers and employees working at firms in crisis, which in turn impacts their families. Using a single case study approach, this research focuses on the governance changes leading to a workers buyout and the formation of a cooperative firm. It explores in depth the conditions that enable the start-up of a workers buyout and the critical issues faced by the new form of governance. In particular, the study focuses on how external stakeholders can play a crucial role in a firm’s entrepreneurial relaunch. The findings show that the experience of a workers buyout can represent a meaningful model for relaunching on a new entrepreneurial path that offers new opportunities to a firm, its managers and its workers from a multistakeholder and sustainable perspective.

"It-could-work!" Multistakeholder governance mechanisms for firms' regeneration: An opportunity for SMEs in times of crisis / Di Toma, P.; Lazzini, A.. - (2021), pp. 200-217. (Intervento presentato al convegno 5th PISB Workshop. Beyond the crisis: What is the future foe small businesses. Challenges, opportunities and lessons learned. tenutosi a Urbino - Online nel 3-4 December, 2021).

"It-could-work!" Multistakeholder governance mechanisms for firms' regeneration: An opportunity for SMEs in times of crisis

Di Toma, P.
;
Lazzini A.
2021

Abstract

This study addresses workers buyouts as a form of governance suitable for designing and implementing solutions to business crises from a socially responsible and multistakeholder perspective. In recent years, there have been repeated phases of economic crisis that have led to increased business crises, resulting in great damage to society as a whole as well as the real lives of the people involved. Business crises affect managers and employees working at firms in crisis, which in turn impacts their families. Using a single case study approach, this research focuses on the governance changes leading to a workers buyout and the formation of a cooperative firm. It explores in depth the conditions that enable the start-up of a workers buyout and the critical issues faced by the new form of governance. In particular, the study focuses on how external stakeholders can play a crucial role in a firm’s entrepreneurial relaunch. The findings show that the experience of a workers buyout can represent a meaningful model for relaunching on a new entrepreneurial path that offers new opportunities to a firm, its managers and its workers from a multistakeholder and sustainable perspective.
2021
dic-2021
5th PISB Workshop. Beyond the crisis: What is the future foe small businesses. Challenges, opportunities and lessons learned.
Urbino - Online
3-4 December, 2021
200
217
Di Toma, P.; Lazzini, A.
"It-could-work!" Multistakeholder governance mechanisms for firms' regeneration: An opportunity for SMEs in times of crisis / Di Toma, P.; Lazzini, A.. - (2021), pp. 200-217. (Intervento presentato al convegno 5th PISB Workshop. Beyond the crisis: What is the future foe small businesses. Challenges, opportunities and lessons learned. tenutosi a Urbino - Online nel 3-4 December, 2021).
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/1270157
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