ABSTRACT
This chapter elaborates on the implications of these conjectures for the prospective research and practice about appropriate turnaround planning. In general, those management or economics scholars who have developed evolutionary approaches to organizational/economic change have been committed to studying the competitive relationship between organizations and their environment. Still, including voluntarism within the evolutionary approaches to the theory of the firm can provide both scholars and practitioners with the most exhaustive picture on organizational evolution to date. Since Darwin's pivotal observations on natural selection and survival, the deterministic view has been assumed, more than once, as the predominant theoretical perspective to explain phenomena associated with adaptation in the natural sciences. In particular, through our final series of case narratives from the practice of business, we have specifically put forward some ideas regarding why some organizations last over time, whereas others perish.
