Strategic Reorientation and Responses to the Asian Financial Crisis: The Case of the Manufacturing Industry in Singapore

Publication Type

Journal Article

Publication Date

3-2004

Abstract

Taking the Asian financial crisis as a base model that triggers decline among manufacturing firms in Singapore, this paper identified two main strategies taken: offensive strategic reorientation and defensive strategic shift. We hypothesized that firms that adopt the offensive strategic reorientation strategy attributed decline to controllable factors, have a higher level of slack, and are bigger in size. On the other hand, firms that adopt defensive strategic shift attributed decline to uncontrollable factors, are under greater severity of decline, have a lower level of slack and are smaller in size. We found significant relationships for the defensive strategic shift strategy.

Discipline

Asian Studies | Business | Organizational Behavior and Theory | Strategic Management Policy

Research Areas

Organisational Behaviour and Human Resources

Publication

Asia Pacific Journal of Management

Volume

21

Issue

1

First Page

189

Last Page

211

ISSN

0217-4561

Identifier

10.1023/B:APJM.0000024083.66366.b1

Publisher

Springer Verlag

Additional URL

https://doi.org/10.1023/B:APJM.0000024083.66366.b1

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