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

by: Hwee H Tan, Hai H See

Asia Pacific Journal of Management, Vol. 21, No. 1. (1 March 2004), pp. 189-211.

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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.

@article{citeulike:2800816, 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.}, author = {Tan, Hwee H. and See, Hai H. }, citeulike-article-id = {2800816}, doi = {10.1023/B:APJM.0000024083.66366.b1}, journal = {Asia Pacific Journal of Management}, keywords = {asian, crisis, defensive, offensive}, month = {March}, number = {1}, pages = {189--211}, posted-at = {2008-05-15 07:38:10}, priority = {2}, title = {Strategic Reorientation and Responses to the Asian Financial Crisis: The Case of the Manufacturing Industry in Singapore}, url = {http://dx.doi.org/10.1023/B:APJM.0000024083.66366.b1}, volume = {21}, year = {2004} }

RIS record

TY - JOUR ID - citeulike:2800816 L3 - citeulike-article-id:2800816 TI - Strategic Reorientation and Responses to the Asian Financial Crisis: The Case of the Manufacturing Industry in Singapore JF - Asia Pacific Journal of Management VL - 21 IS - 1 SP - 189 EP - 211 N2 - 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. KW - asian KW - crisis KW - defensive KW - offensive AU - Tan, Hwee AU - See, Hai PY - 2004/03/01/ UR - http://dx.doi.org/10.1023/B:APJM.0000024083.66366.b1 ER -

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