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Changes in LaborSpecialization in Successful Turnarounds: The Case of ASEAN Chinese Small and Medium Enterprises |
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| รหัสดีโอไอ | |
| Creator | Shelen W H Ho |
| Title | Changes in LaborSpecialization in Successful Turnarounds: The Case of ASEAN Chinese Small and Medium Enterprises |
| Publisher | Henley Business School |
| Publication Year | 2561 |
| Journal Title | ASEAN Journal of Management & Innovation |
| Journal Vol. | 5 |
| Journal No. | 2 |
| Page no. | p 132-158 |
| Keyword | Turnaround strategies, assets specialization, division of labor, ASEAN SMEs, overseas Chinese business practices |
| URL Website | http://ajmi.stamford.edu |
| Website title | AJMI -ASEAN Journal of Management & Innovation |
| ISSN | 2351-0307 |
| Abstract | Research on organizational decline and turnaround strategieshave mainly focused on large multinational organizations in the Western context. Much of Western literature celebrates the notion that in face of an external threat, an organization shifts its focus to internal efficiency. Current strategic theory promotes the creation of heterogeneous assets and capabilities. The history of economic enterprise testified to the benefits of specialization of laborin achieving cost efficiency. This paper investigates organizationalresponses to the decline among Chinese small and medium sized enterprises (SMEs) in the Association of South East Asian Nations (ASEAN), comprising ten Southeast Asian states.Data were collected from senior management and internal change managers from 20suchorganizations that have undergone turnarounds in the period 2011-2014. The objective was to investigate management perceptions of the appropriateness of the turnaround strategy with increasing specialization and the division of laborduring organizational recovery from the decline. SME management is expected to increase specialization in order to ensure organization survival. Findings revealed that the management has instead lowered specialization and boosted flexibility during the recovery process. Various cultural values are found to have major impact on Chinese SME decision-making in turnaround situations. The findings provided insights to key guiding principles for overseas Chinese business practices. Cultural implications for management are also discussed |
