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Purpose Scholars and practitioners have shown significant interest in the drivers of organizational survival. Black swan events, such as COVID-19, emphasize the salience of strategic renewal in ensuring organizational survival. However, consensus on the understanding of strategic renewal is limited. This study aims to achieve conceptual clarity on the definition of strategic renewal and synthesizes empirical evidence to articulate an integrative framework about the determinants of strategic renewal. Design/methodology/approach A mixed methodology combining bibliometric and systematic review was arranged to frame extant scholarly knowledge on strategic renewal. Altogether, 43 empirical studies were selected based on their relevance to identify the drivers of strategic renewal and arrange an integrative framework. Findings The review enabled the authors to identify 15 factors driving strategic renewal, which were categorized into three levels: strategic, organizational and managerial. An integrative framework was developed, representing the most influential factors at each stage of strategic renewal. Originality/value Fragmentation characterizing research about strategic renewal generates ambiguities that blur its conceptualization. Heterogeneous views and lack of consensus hamper the advancement of scientific knowledge in this domain. This integrative review advances the understanding of the drivers of strategic renewal. Furthermore, the integrative framework offers scholars and practitioners a comprehensive visual map of the strategic renewal process, enhancing the practical application of this concept. It also provides researchers with a foundation for generating innovative research questions and initiating future studies.
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Papers that cite the same references — the relational fallback while embeddings are still backfilling.
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