Dwi Larso, Toni Doolen and Marla Hacker
The ability of production organizations to respond quickly to changes in the market with new products requires flexibility. The relationship between manufacturing flexibility and…
Abstract
Purpose
The ability of production organizations to respond quickly to changes in the market with new products requires flexibility. The relationship between manufacturing flexibility and the performance of organizations in new product development is not well characterized. The purpose of this paper is to develop and test a flexibility model focused on new product performance in manufacturing organizations empirically in one industrial sector.
Design/methodology/approach
Hypothesized relationships between manufacturing flexibility, new product type, and new product performance are empirically tested using survey data from 273 companies, representing a range of US electronic manufacturers.
Findings
Factor and cluster analysis identifies eight distinct flexibility dimensions and a hierarchy among these dimensions. The relationships between the identified flexibility dimensions and new product performance, as tested through correlation analyses, are found to be dependent on the type of new product development.
Research limitations/implications
Overall, this study highlights the complexity of the relationship between manufacturing flexibility and new product performance. This study is conducted in a specific sector, so the results cannot be generalized. More complex mathematical models, requiring a larger data set, would be helpful in further separating out direct and indirect effects of variables, such as new product type, on the relationship between flexibility and performance.
Practical implications
With multiple dimensions of flexibility, organizational leaders must choose the dimension(s) that is/are most appropriate to develop. This study helps provide insight into which dimensions of flexibility a particular plant should focus on, given a particular type of new product.
Originality/value
The study has made a significant contribution by identifying the dimensions of flexibility related to new product performance and in proposing a hierarchical structure for these dimensions. This study has also made a contribution by providing empirical support for the role of new product type as a moderator in the flexibility/performance relationship.
Details
Keywords
Entrepreneurial intent (EI) is a foundational construct in theories of entrepreneurship. But three challenges currently threaten the author’s ability to accurately measure EI…
Abstract
Purpose
Entrepreneurial intent (EI) is a foundational construct in theories of entrepreneurship. But three challenges currently threaten the author’s ability to accurately measure EI. First, previous measurement approaches have confounded EI with closely related but theoretically distinct constructs such as attitudes and beliefs about entrepreneurship. Second, they have treated EI as an “all-or-nothing” decision, without reflecting the step-wise commitment of the entrepreneuring process. And finally, much of past EI research has been done in Western developed countries without validation in a diverse international context in which unstated assumptions about the EI construct may not hold. The purpose of this paper is to report on the development of a new EI scale that addresses these issues.
Design/methodology/approach
Nested structural equation modelling is used to develop and validate a novel scale for measuring EI in international contexts, based on data from 998 respondents in eight countries.
Findings
A two-dimensional substructure to the EI construct is revealed as especially apparent in non-Western countries. Based on this, a new 11-item scale is proposed and validated.
Research limitations/implications
Previous studies utilizing the EI construct may be biased by its imprecise measurement and confounding by other constructs in the nomological net. The present study provides new insight into the nature of the EI construct and a novel instrument for measuring it without bias. The discovered two-dimensional structure for EI measurement may also have implications for theorists interested in antecedents and effects of EI.
Practical implications
Accurate measurement of EI is essential to developing and targeting policies to effect changes in national entrepreneurship. Previous measurements may therefore have contributed to misstatement of policy objectives and allocation of national resources.
Originality/value
This research provides a validated method of measuring EI without the serious confounds of previous scales, and that is robust to a wide range of international settings. It also provides new insight into a two-dimensional substructure to the EI construct that has not been observed in previous studies.
Details
Keywords
Lufthia Sevriana, Erie Febrian, Mokhamad Anwar and Yudi Ahmad Faisal
In Indonesia, the Islamic Economics and Finance Sector is growing rapidly, but the literature on Islamic financial literacy is still minimal. This study aims to show research…
Abstract
Purpose
In Indonesia, the Islamic Economics and Finance Sector is growing rapidly, but the literature on Islamic financial literacy is still minimal. This study aims to show research opportunities with the theme of Islamic financial literacy, especially inclusive Islamic financial planning through bibliometric analysis of Scopus and connected papers.
Design/methodology/approach
A comma separated value (CSV) file containing more than 2,000 references meta data was used for analysis on Vos Viewer in the period of 1963–2020. The grouping of network visualization maps is done using six keywords, namely, “Financial Literacy,” “Financial Inclusion,” “Islamic Financial Literacy,” “Financial Planning,” “Personal Finance” and “Household Finance.”
Findings
The findings complement the keywords that are generally used as references in the formation of theories regarding inclusive Islamic financial planning. After combining the “ris” file from the connected paper, the most used terms are financial knowledge, financial education, financial behavior, financial decision-making process, financial inclusion, risk sharing and financial discourse.
Originality/value
The proportion which planned to be applied in Indonesia will differentiate the inclusive Islamic financial planning framework from what has been done before. This study outlines the basis of the relevant literature review in the theme of Islamic financial literacy research, especially inclusive Islamic financial planning.