Sourcing Strategies of Manufacturing Firms: Transaction Cost Implications

Park, Hong Y.; Reddy, C. Surender; Jurn, Iksu

doi:10.1108/19355181200100008

Cited by 6 publications

(4 citation statements)

References 6 publications

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“…Because market structures of suppliers and the nature of the customer-supplier relationship affects firm performance, suppliers of family firms may even demand changes in family firms. Park et al . (2001) argue that inputs from suppliers and customers usually help to make any changes in products.…”

Section: External Business Environment and Dcsmentioning

confidence: 99%

Family firms’ innovation drivers and performance: a dynamic capabilities approach

Park

Misra

Reddy

et al. 2019

JFBM

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Purpose Entrepreneurial innovation has been the most important source for improvement in firm performance. Innovation in family firms has become the focal issue in firm strategy. In today’s high-velocity environment, the dynamic organizational adaptation is essential for sustainable competitive advantage. The purpose of this paper is to investigate the nature of changes in external environment and the relationship between changes in the economic environment and family firms’ innovation in response to the environmental shift. Design/methodology/approach The authors designed a survey questionnaire to obtain primary data for the study. The survey consists of family firm structure, innovation drivers, governance, core competence and performance. Authors applied a random stratified sample method in selecting samples to reflect the population in family firms. Findings The study identified market conditions, technology and regulation as innovation drivers. The authors found that these innovation drivers have positive effects on family firm performance, although the technology variable is the only statistically significant variable at the conventional statistical significance level. Research limitations/implications The authors expected to have better response rate, and wish to have more observations. The authors would have stronger results if you could get more data. Practical implications Family firms need to respond to the high velocity of environment and to develop capabilities that understand the nature of changes in economic environment and take effective steps. The study findings offer guidelines for the managers of how to manage the firms in the dynamic environment. Social implications Family firms should use this results to develop strategies to deal with various economics situations. Originality/value The study identifies innovation drivers in family firms. The study contributes to finding and empirical testing of family firm innovation drivers. Findings of the study are valuable for managing the high velocity of today’s economic environment: changes in markets, technologies and regulations.

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Section: External Business Environment and Dcsmentioning

confidence: 99%

Family firms’ innovation drivers and performance: a dynamic capabilities approach

Park

Misra

Reddy

et al. 2019

JFBM

Self Cite

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“…The criterion is composed of sourcing strategies, evaluation and selection of potential suppliers, and motivation of suppliers. This stresses how to:Create new sources of supply and maintain a network of competent suppliers.Appraise potential supplier overall performance.Motivate suppliers to improve their performance (Park, 2001; Szwejczewski et al , 2001). …”

Section: Msq Assessment Criteria and Critical Factorsmentioning

confidence: 99%

“…It examines how the buyer determines the shape and capability of manufacturing operation, thereby providing the framework for operational decisions; optimises the practices related to the range, location and characteristics of the supplier base. This provides expeditious supply and services; and ensures effective sourcing of supplier information and adequate sources of suppliers (Park, 2001; Szwejczewski et al , 2001).…”

Section: Msq Assessment Criteria and Critical Factorsmentioning

confidence: 99%

Development of an assessment system for supplier quality management

Chin

Yeung

Pun

2006

Int J Qual & Reliability Mgmt

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PurposeThis paper seeks to describe the development of a web‐based system for managing and assessing suppliers, presenting the system design and interface of the prototype and discussing the applicability of the system.Design/methodology/approachIn this paper critical assessment criteria and factors for managing supplier quality (MSQ) were identified through literature review and a mail survey of manufacturers in Hong Kong. Using the Analytic Hierarchy Process methodology, a self‐assessment model comprising these criteria and factors was developed. Industry experts were invited to determine the relative weighting of these criteria and factors. A software was developed to support the assessment system.FindingsThe findings in this paper identified criteria addressed strategic alliance, supplier development and supplier monitoring. The critical factors encompassed buyer‐supplier partnership, technology and information sharing, sourcing strategies, supplier evaluation and motivation, and issues on performance measurement and improvement. A self‐assessment model comprising these criteria and factors was developed.Research limitations/implicationsThe paper shows that in future work, more best practices of supplier management will be identified to enrich the knowledge base of the system in order to further develop the assessment system to an expert system.Practical implicationsThe findings in this paper were incorporated to develop a prototype web‐based system for self‐assessment with promising industrial validation results.Originality/valueIn this paper, a novel self‐assessment system was developed for supplier quality management. It is of great value for quality management theory and practice.

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“…Raising a healthy gene pool, mature staff, first of all, starts with this system. Pre-school education institutions have not introduced educational, social, personal, emotional, speech, mathematical, physical, psychological, physical, and creative development programs for children "-critics point out that the analysis of reforms carried out in preschool education on December 19, under the chairmanship of President Shavkat Mirziyoev and a video platform meeting on the future tasks (Frehywot, Vovides, …, & 2013, n.d.;Hamidov, Thiel, & Zikos, 2015;Hong, Park, Surender, Reddy, & Jurn, 2001;Hornidge et al, 2011;Redfoot, 1984).…”

Section: Introductionmentioning

confidence: 99%

The Integration of Problematic Teaching Method and Innovation in Education

2018

Madrosatuna

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This article analyzes the content of the educational content linking the problematic teaching methodology with information and pedagogical technologies, interactive teaching methods in the teaching of future teachers and coaches in order to implement the pre-school education reform and the requirements of this sector. It also focuses on creating a psychological environment that is related to achieve designing the learning processes. Kata kunci: education; problematic teaching; pedagogical technologies; interactive methods; pre-school education HOW

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Sourcing Strategies of Manufacturing Firms: Transaction Cost Implications

Cited by 6 publications

References 6 publications

Family firms’ innovation drivers and performance: a dynamic capabilities approach

Family firms’ innovation drivers and performance: a dynamic capabilities approach

Development of an assessment system for supplier quality management

The Integration of Problematic Teaching Method and Innovation in Education

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