Strategic Renewal, Institutional Environment, and Mitigating Resource-dependence under Uncertainty

Strategic changes and renewals are necessary if an organization wants to continue its profitable growth. However, there are limited studies concentrated on strategic renewal, its implementation, process, and factors affecting success continuity. One of the important subjects in strategic renewal implementation is resource management strategies organizations use to successfully enter new markets. On the other hand, U.S. management theories comprise a number of idiosyncracies not necessarily shared by management elsewhere. For companies that work in uncertain environments with fluctuations in resource accessibility, finding customized strategies to manage resource-dependence is vital. Therefore, this study tries to examine the methods companies in such an environment use to manage their dependence on suppliers to renew themselves through a deep examination of an Iranian company successful in strategic renewal, especially in entering new markets.