Strategic reorientation and responses to the Asian financial crisis: The case of the manufacturing industry in Singapore

Asia Pacific Journal of Management

Volumn 21, Issue 1-2, 2004, Pages 189-211

  Tan, Hwee Hoon ^a   See, Hai Hui ^a  

^a NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

Author keywords

Asian financial crisis; Offensive and defensive strategies

Indexed keywords

EID: 28144440225     PISSN: 02174561     EISSN: 15729958     Source Type: Journal    
DOI: 10.1023/b:apjm.0000024083.66366.b1     Document Type: Review

References (60)

1. E. Altman, Corporate Financial Distress: A Complete Guide to Predicting and Avoiding Bankruptcy, Wiley: New York, 1983.
2. V.L. Barker, III and P.W. Patterson, Jr., "Top-management team tenure and top manager causal attributions at declining firms attempting turnarounds," Group and Organization Management, vol. 21, pp. 304-336, 1996.
3. V.L. Barker, III and I.M. Duhaime, "Strategic change in the turnaround process: Theory and empirical evidence," Strategic Management Journal, vol. 18, pp. 13-38, 1997.
4. V.L. Barker, III and M.A. Mone, "The mechanistic structure shift and strategic reorientation at declining firms attempting turnarounds," Human Relations, vol. 51, pp. 1227-1258, 1998.
5. P.S. Barr, J.L. Stimpert, and A.S. Huff, "Cognitive change, strategic action, and organizational renewal," Strategic Management Journal, vol. 13, pp. 15-36, 1992.
6. L.M. Bacot, S.J. Hartman, and O.H. Lundberg, "Adaptive strategies and survival in an environment dominated by economic decline," Journal of Applied Business Research, vol. 9, pp. 34-43, 1992-1993.
7. W. Boeker, "Power and managerial dismissal: Scapegoating at the top," Administrative Science Quarterly, vol. 37, pp. 400-421, 1992.
8. L.J. Bourgeois, "On the measurement of organizational slack," Academy of Management Review, vol. 6, pp. 29-39, 1981.
9. E.H. Bowman, "Strategy, annual reports, and alchemy," California Management Review, vol. 20, no. 3, p. 64, 1978.
10. E.H. Bowman, "Risk seeking by troubled firms," Sloan Management Review, vol. 23, pp. 33-42, 1982.
11. G.D. Bruton, D. Ahlstrom, and J.C.C. Wan, "Turnaround in east asian firms: Evidence from ethnic overseas Chinese communities," Strategic Management Journal, vol. 24, pp. 519-540, 2003.
12. K.S. Cameron, M.U. Kim, and D.A. Whetten, "Organizational effects of decline and turbulence," Administrative Science Quarterly, vol. 32, pp. 222-240, 1987.
13. K.S. Cameron, R.I. Sutton, and D.A. Whetten, Issues in Organizational Decline: Framework, Research and Applications, Ballinger: Cambridge, MA, 1988.
14. R.M. Cyert and J.G. March, A Behavioral Theory of the Firm, Prentice-Hall: Englewood Cliffs, NJ, 1963.
15. K. Eneroth and R. Larsson, "The human side of strategic change," International Studies of Management & Organization, vol. 26, pp. 3-15, 1996.
16. J.D. Ford, "The effects of causal attributions on decision makers' responses to performance downturns," Academy of Management Review, vol. 10, pp. 770-786, 1985.
17. G. Gallinger, "The defensive interval: A better liquidity measure," Business Credit, vol. 99, pp. 26-29, 1997.
18. P.H. Grinyer, D. Mayes, and P. McKiernan, "The sharpbenders: Achieving a sustained improvements in performance," Long Range Planning, vol. 23, pp. 116-125, 1990.
19. D.N. Gujarati, Basic Econometrics, 2nd edn. McGraw-Hill: New York, 1988.
20. D.C. Hambrick and R.A. D'Aveni, "Large corporation failures as downward spirals," Administrative Science Quarterly, vol. 33, pp. 1-23, 1988.
21. D.C. Hambrick and S.M. Schecter, "Turnaround strategies for mature industrial-product business units," Academy of Management Journal, vol. 26, pp. 231-248, 1983.
22. M.T. Hannan and J.H. Freeman, "Structural inertia and organizational change," American Sociological Review, vol. 49, pp. 149-164, 1984.
23. M.T. Hannan and J.H. Freeman, "The population ecology of organizations," American Journal of Sociology, vol. 82, pp. 929-964, 1977.
24. H.A. Haveman, "Organizational size and change: Diversification in the savings and loan industry after deregulation," Administrative Science Quarterly, vol. 38, pp. 20-50, 1993.
25. B.L.T. Hedberg, P.C. Nystrom, and W.H. Starbuck, "Camping on seesaws: Prescriptions for a self designing organization," Administrative Science Quarterly, vol. 21, pp. 41-65, 1976.
26. C. Hofer, "Turnaround strategies," Journal of Business Strategy, vol. 1, pp. 19-31, 1980.
27. O.R. Holsti, "Content analysis," The Handbook of Social Psychology, 2nd ed., Addison-Wesley: Reading, pp. 596-692, 1968.
28. M.C. Jensen, "The modem industrial revolution, exit, and the failure of internal control systems," Journal of Finance, vol. 48, pp. 831-880, 1993.
29. J.G. Kallberg, "A walk on the dark side," Journal of Cash Management, vol. 11, pp. 10-12, 1992.
30. D. Kelly and T.L. Amburgey, "Organizational inertia and momentum: A dynamic model of strategic change," Academy of Management Journal, vol. 34, pp. 591-612, 1991.
31. J.P. Kotter, "Managing external dependence," Academy of Management Journal, vol. 4, pp. 87-92, 1979.
32. K. Krippendorff, Content Analysis: An Introduction to its Methodology, Sage: Beverly Hills, CA, 1980.
33. D.Y. Lee, "The impact of poor performance on risk-taking attitudes: A longitudinal study with a PLS causal modeling approach," Decision Sciences Journal, vol. 28, pp. 59-80, 1997.
34. R.K. Merton, Social Theory and Social Structure, 2nd edn. Free Press: Glencoe, IL, 1957.
35. A.D. Meyer, "Adapting to environmental jolts," Administrative Science Quarterly, vol. 27, pp. 515-527, 1982.
36. R. Miles and C. Snow, Organizational Strategy, Structure and Process, McGraw-Hill: New York, 1978.
37. N. Nohria and R. Gulati, "Is slack good or bad for innovation?" Academy of Management Journal, vol. 39, pp. 1245-1264, 1996.
38. G. Nottenburg and D. Fedor, "Scarcity in the environment: Organizational perceptions, interpretations, and responses," Organizations Studies, vol. 4, pp. 317-337, 1983.
39. P.C. Nystrom and W.H. Starbucks, "To avoid organizational crises, unlearn," Organizational Dynamics, vol. 12, pp. 54-65, 1984.
40. H.M. O'Neill, "Turnaround and recovery: What strategy do you need?," Long Range Planning, vol. 19, pp. 80-88, 1986.
41. T.B. Palmer, G.W. Danforth, and S.M. Clark, "Strategic Responses to Poor Performance in the Health Care Industry: A Test of Competing Predictions," Academy of Management Best Paper Proceedings, 1995.
42. W.D. Perreault and L.E. Leigh, "Reliability of nominal data based on qualitative judgements," Journal of Marketing Research, vol. XXVI, pp. 135-148, 1989.
43. J. Pfeffer and G.R. Salancik, The External Control of Organizations, Harper & Row, New York, 1978.
44. M.E. Porter, Competitive Strategy, Free Press: New York, 1980.
45. R.E. Quinn and K. Cameron, "Organizational life cycles and shifting criteria of effectiveness: Some preliminary evidence," Management Science, vol. 29, pp. 33-51, 1983.
46. N. Rajagopalan and G. Spreitzer, "Toward a theory of strategic change: A multi-lens perspectives and integrative framework," Academy of Management Review, vol. 22, pp. 48-79, 1997.
47. Z. Rosenblatt and B. Mannheim, "Organizational response to decline in israeli electronics industry," Organization Studies, vol. 17, pp. 953-984, 1996.
48. D. Russell, "The causal dimension scale: A measure of how individuals perceive causes," Journal of Personality and Social Psychology, vol. 42, pp. 1137-1145, 1982.
49. W.R. Scott, Organizations: Rational, Natural, and Open Systems, Prentice-Hall: Englewood Cliffs, NJ, 1981.
50. A.B. Sim and H.Y. Teoh, "Relationships between business strategy, environmental and controls: A three country study," Journal of Applied Business Research, vol. 13, pp. 57-73, 1997.
51. S.P. Slatter, "The impact of crisis on managerial behaviour," Business Horizons, vol. 27, pp. 65-69, 1984.
52. W.H. Starbuck, A. Greve, and B.L.T. Hedberg, "Responding to crises," Journal of Business Administration, vol. 9, pp. 111-137, 1978.
53. B.M Staw, L.E. Sandelands, and J.E. Dutton, "Threat-rigidity effects in organizational behavior: A multilevel analysis," Administrative Science Quarterly, vol. 26, pp. 501-524, 1981.
54. T.D. Taber, J.T. Walsh, and R.A. Cooke, "Developing a community-based program for reducing the social impact of a plant closing," Journal of Applied Behavioural Science, vol. 15, pp. 133-155, 1979.
55. L.G. Tornatzky, M. Fleischer, and A.K. Chakrabarti, The Processes of Technological Innovation, Lexington Books: Lexington, MA, 1990.
56. S.J. Tvorik, R. Boissoneau, and N. Pearson, "Performance parameters as indicators of success and predictors of failure in strategic management," Journal of Professional Services Marketing, vol. 17, pp. 41-67, 1998.
57. S. Wally and C.M. Fong, "Effects of firm performance, organizational slack, and debt on entry timing: A study of ten emerging product markets in USA," Industry and Innovation, vol. 7, pp. 169-183, 2000.
58. B. Weiner, "An attributional theory of achievement motivation and emotion," Psychological Review, vol. 92, pp. 548-573, 1985.
59. O.E. Williamson, The Economics of Discretionary Behavior: Managerial Objectives in a Theory of the Firm, Prentice-Hall: Englewood Cliffs, NJ, 1964.
60. R.F. Zarmmuto and K.S. Cameron, "Environmental decline and organizational responses," in L.L. Cumming and B.M. Staw (eds.), Research in Organizational Behaviour, vol. 7, pp. 223-262, 1985.