Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Investigating tensions experienced by decision makers during a business rescue event
Thesis (PhD (Business Management))--University of Pretoria, 2022.
Saved in:
| Other Authors: | |
|---|---|
| Format: | Thesis |
| Language: | English |
| Published: |
University of Pretoria
2023
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613526106832896 |
|---|---|
| access_status_str | Open Access |
| author2 | Pretorius, Marius |
| author_browse | Pretorius, Marius |
| author_facet | Pretorius, Marius |
| collection | Thesis |
| dc_rights_str_mv | © 2022 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Thesis (PhD (Business Management))--University of Pretoria, 2022. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/90577 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:32.711Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/90577 Investigating tensions experienced by decision makers during a business rescue event Pretorius, Marius jvrandria@gmail.com Du Toit, Andria Cornelia UCTD Tension Puzzle Dilemma Trade-off Paradox Decision making Business rescue Economic and management sciences theses SDG-08 Economic and management sciences theses SDG-09 Thesis (PhD (Business Management))--University of Pretoria, 2022. Decision makers within a business rescue event find themselves burdened with a high-stress environment riddled with tensions which add to the complexity of their decision-making. Even though business rescue, dictated by the Companies Act 71 of 2008, has been operational for more than a decade, decision makers require training and development beyond the scope of the legal and finance realm. Investigating the tensions experienced by decision makers with their practical responses to managing said tensions and the effect on their decision-making may enrich the training and development currently available, as the industry necessitates an ameliorated generation of decision makers to ensure the prosperity of the industry. The study endeavoured first, to report on the tensions experienced by decision makers, to categorise them, and to identify practical responses to them accordingly; second, to outline the decision-making process as a result of the tensions experienced during a business rescue event; and lastly, to pinpoint whether the skills that current decision makers use to manage these tensions, can be transferred. Previous work has failed to address the presence and impact of tension on the decision maker and on their capacity to influence the success of a business rescue event. An interpretative phenomenological analysis was completed using 12 exceptionally experienced decision makers in the context of distressed organisations and the business rescue process to gain an insider’s perspective. A multi-method approach was employed using in-depth interviews and follow-up questionnaires, validated with the literature after the completion of a pilot/pre-test study. A diverse bundle of tensions was established and categorised into puzzles, dilemmas, trade-offs, and paradoxes with appropriate responses aligned with the balanced outcome dictated by the Act. Although decision-making remains relatively steadfast in the complex domain of the Cynefin model, informed intuition was found to play a crucial role in the outcome of effective decisions made under the immense pressures of time and data asymmetry unique to a business rescue event. Informed intuition is refined through the agency of a well-rounded team of experts in the fields of law, accounting, business strategy, and (relevant) industries, and strengthened through due diligence and lived experience. cb2026 Business Management PhD (Business Management) Unrestricted SDG-08: Decent work and economic growth SDG-09: Industry, innovation and infrastructure 2023-05-08T08:58:47Z 2023-05-08T08:58:47Z 2023-05-10 2022 Thesis * A2023 http://hdl.handle.net/2263/90577 en © 2022 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Tension Puzzle Dilemma Trade-off Paradox Decision making Business rescue Economic and management sciences theses SDG-08 Economic and management sciences theses SDG-09 Investigating tensions experienced by decision makers during a business rescue event |
| title | Investigating tensions experienced by decision makers during a business rescue event |
| title_full | Investigating tensions experienced by decision makers during a business rescue event |
| title_fullStr | Investigating tensions experienced by decision makers during a business rescue event |
| title_full_unstemmed | Investigating tensions experienced by decision makers during a business rescue event |
| title_short | Investigating tensions experienced by decision makers during a business rescue event |
| title_sort | investigating tensions experienced by decision makers during a business rescue event |
| topic | UCTD Tension Puzzle Dilemma Trade-off Paradox Decision making Business rescue Economic and management sciences theses SDG-08 Economic and management sciences theses SDG-09 |
| url | http://hdl.handle.net/2263/90577 |