The Prepaid Trust and Corporate Turnaround: A Study on the Corporate Turnaround via System Dynamics Approach

공여된 신뢰와 기업회생 : 시스템 다이내믹스 기업회생 모형 연구

This study examines the effect that the prepaid trust has in saving the troubled business. Developing a formal system dynamics model, building on case studies of corporate turnaround, we developed a mathematical model on the relationship between the prepaid trust and corporate turnaround. The Model shows how the prepaid trust can shift an organizational system from fragile condition to resilient condition of a firm. This study elaborartes a new set of conditions under which organizations may turn around via prepaid trust of stakeholders.