Manufacturing strategy in small firms: unveiling the drivers of strategic consensus

Author(s):  
Elizangela Veloso Saes ◽  
Moacir Godinho Filho ◽  
Matthias Thürer ◽  
Charbel Jose Chiappetta Jabbour ◽  
Ana Beatriz Lopes de Sousa Jabbour ◽  
...  
2016 ◽  
Vol 36 (4) ◽  
pp. 429-466 ◽  
Author(s):  
Nina Edh Mirzaei ◽  
Anna Fredriksson ◽  
Mats Winroth

Purpose – Strategic consensus between operators and managers is an important means to accomplish a successful manufacturing strategy (MS) process. Previous studies largely left out individual operators from this concept. Therefore, the purpose of this paper is to empirically examine the level of strategic consensus on the MS within the operations function, that is, the operators’ and managers’ perceptions of MS. Design/methodology/approach – Interviews were conducted with both operators and managers at three small- and medium-sized enterprises in Sweden. The MS dimensions were selected based on previous research; the data were analysed by using thematic coding. Findings – The study shows that the levels of strategic consensus on the MS vary among companies. Even when strategic consensus exists between operators and managers, their underlying reasons often differ. Furthermore, the levels of strategic consensus vary among MS dimensions. The companies’ usage of information-sharing channels, along with their size and position in the supply chain, can be important for the level of strategic consensus. Originality/value – This paper contributes to the body of knowledge in three ways. First, it expands the scope of the MS dimensions under study, thus offering a stronger, resource-based perspective on MS and strategic consensus than what earlier studies showed. Second, it goes beyond the management level by including both managers and operators as the unit of analysis. Third, compared to previous research, it focuses on a new context and is based on in-depth case studies.


2018 ◽  
Vol 1 (1) ◽  
pp. 1 ◽  
Author(s):  
Tze San Ong ◽  
Pei San Ng

This paper examines the market response surrounding the share repurchase announcements of Malaysia Listed Companies from years 2012 to 2016. One sample T-test was carried out to identify the abnormal return in the range before and after 20 days from share repurchase announcements. The result shows a significant positive abnormal return in the day of repurchase announcements and continuously until day 1 after the announcements. Multiple regression analysis was performed in order to identify the firm characteristic of share repurchase. The finding is supported with information asymmetric, which shows that stock market reacts more favorably through the repurchase announcements by small firms than large firms. This study is consistent with the signaling hypothesis that shows share repurchase announcement can be an effective tool in stabilizing the stock market in Malaysia. The finding of this study acts as a useful tool for managers and investors to improve their decisions on share repurchase announcements in Malaysia. Company’s managers can conduct share repurchase announcements that are able to make the stock market react positively in order to generate positive abnormal returns.


2006 ◽  
Vol 11 (01) ◽  
Author(s):  
Leonid A. Kuznetsov
Keyword(s):  

1994 ◽  
Vol 67 (1) ◽  
pp. 225-237 ◽  
Author(s):  
David B. Audretsch ◽  
Marco Vivarelli
Keyword(s):  

Author(s):  
Paul K. Edwards ◽  
Chin-Ju Tsai ◽  
Sukanya Sen Gupta ◽  
Monder Ram
Keyword(s):  

2011 ◽  
Author(s):  
Anthony Dewayne Holder ◽  
Ashok Robin ◽  
Khondkar Karim
Keyword(s):  

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