Business rescue decision-making : post-mortem evaluation of an ‘orgy’

Show simple item record Pretorius, Marius 2018-09-20T05:47:19Z 2018-09-20T05:47:19Z 2018-04-11
dc.description.abstract BACKGROUND : Sensemaking of the extreme vagaries and external considerations that influence decision-making and judgement during business rescue events (BREs) are currently sparse but details about evaluation criteria are desperately needed. AIM : Learning from and applying post-mortem analysis (PMA) is investigated to propose an evaluation framework. SETTING : Following the problems by and expectations of the Regulator to 'govern' the business rescue (BR) industry, a recent decision to decentralise the accreditation of business rescue practitioners (BRPs) changed the landscape significantly. METHODS : From literature and interviews, the study identified seven interactive evaluation criteria from PMA thinking to be included in a conceptual framework. RESULTS : Following the determination of the contextual difficulty evaluation, the measurement criteria included: taking management control, initial feasibility judgement, viability analysis, decision-making, BRP competencies, the rescue plan and compliance within the supreme task. One mediating factor, namely the BRP dominated. Secondly, the evaluation process can be costly to ensure validity of the data, collection and evaluators. Finally, BRE evaluators (executors/decision makers) require a high level understanding of contextual issues that may disproportionately influence an evaluation. Expert and master level competencies are required to inform the proper judgement of the evaluation criteria and variables. CONCLUSION : The study addresses educators' need for a framework for PMA to guide the teaching of BRP competencies, direct the regulatory authorities (and professional bodies) accreditation framework for licensing BRPs, inform banks as creditors to enhance their information systems, advise upcoming BRPs on outcomes while courts may consider the framework as useful for judging issues. en_ZA
dc.description.department Business Management en_ZA
dc.description.librarian am2018 en_ZA
dc.description.uri en_ZA
dc.identifier.citation Pretorius, M., 2018, ‘Business rescue decision-making: Post-mortem evaluation of an “orgy”’, South African Journal of Economic and Management Sciences 21(1), a1622. en_ZA
dc.identifier.issn 1015-8812 (print)
dc.identifier.issn 2222-3436 (online)
dc.identifier.other 10.4102/sajems.v21i1.1622
dc.language.iso en en_ZA
dc.publisher University of Pretoria, Department of Economics en_ZA
dc.rights © 2018. The Authors. Licensee: AOSIS. This work is licensed under the Creative Commons Attribution License. en_ZA
dc.subject Decision-making en_ZA
dc.subject BRP competencies en_ZA
dc.subject Strategy en_ZA
dc.subject Success en_ZA
dc.subject Business rescue event (BRE) en_ZA
dc.subject Post-mortem analysis (PMA) en_ZA
dc.subject Business rescue practitioner (BRP) en_ZA
dc.title Business rescue decision-making : post-mortem evaluation of an ‘orgy’ en_ZA
dc.type Article en_ZA

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