Tahir M. Nisar
Effect of best management practices on the performance and productivity of small firms
Nisar, Tahir M.; Kumar, Niraj; Prabhakar, Guru
Abstract
© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group. Recent research on productivity finds that best management practices are a crucial but neglected element in explaining firm productivity. This stream of research also focuses on why a large number of firms may not implement best management practices despite their apparent benefits. In this paper, we examine the adoption of best management practices in small leveraged buyout (LBO) firms. Our choice of small LBO is motivated by the fact that these firms undergo extensive restructuring and, therefore, there is an opportunity to study the adoption process of best management practices. The findings show that buyout companies introduce best management practices (operations, monitoring, targets and incentive-related practices) at different stages of their development, and more importantly, these practices evolve in response to changes in various firm-level characteristics. For example, companies emphasizing cost leadership tend to follow targets and monitoring related practices while firms following a differentiation strategy are more likely to implement incentives and operations related management practices. Buyout sponsors’ board representatives and new CEO also play a critical role in the adoption of these best management practices which are linked to superior firm performance, measured as growth in revenues, productivity and return on assets.
Citation
Nisar, T. M., Kumar, N., & Prabhakar, G. (2019). Effect of best management practices on the performance and productivity of small firms. Production Planning and Control, 30(10-12), 919-934. https://doi.org/10.1080/09537287.2019.1582100
Journal Article Type | Article |
---|---|
Acceptance Date | Feb 7, 2018 |
Online Publication Date | Jun 30, 2019 |
Publication Date | Sep 10, 2019 |
Deposit Date | Feb 19, 2018 |
Publicly Available Date | Mar 28, 2024 |
Journal | Production Planning and Control |
Print ISSN | 0953-7287 |
Electronic ISSN | 1366-5871 |
Publisher | Taylor & Francis |
Peer Reviewed | Peer Reviewed |
Volume | 30 |
Issue | 10-12 |
Pages | 919-934 |
DOI | https://doi.org/10.1080/09537287.2019.1582100 |
Keywords | best management practices, small firms, buyouts, firm performance |
Public URL | https://uwe-repository.worktribe.com/output/875395 |
Publisher URL | https://doi.org/10.1080/09537287.2019.1582100 |
Files
RevisedManuscript.pdf
(528 Kb)
PDF
Licence
http://www.rioxx.net/licenses/all-rights-reserved
Publisher Licence URL
http://www.rioxx.net/licenses/all-rights-reserved
Copyright Statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Production Planning & Control on 30 June 2019, available online: https://doi.org/10.1080/09537287.2019.1582100
Tables_Figures_Final.pdf
(588 Kb)
PDF
Licence
http://www.rioxx.net/licenses/all-rights-reserved
Publisher Licence URL
http://www.rioxx.net/licenses/all-rights-reserved
Copyright Statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Production Planning & Control on 30 June 2019, available online: https://doi.org/10.1080/09537287.2019.1582100
You might also like
How technostress may affect employee performance in educational work environments
(2023)
Journal Article
Approaches leading to a successful project: A special reference to construction industry in China
(2023)
Presentation / Conference
Innovative approaches to solving environmental issues in the context of the green deal
(2023)
Presentation / Conference
Career development in project-based organizations: Problems and prospects
(2022)
Presentation / Conference
ISBE 2022 - Heritage Entrepreneurship
(2022)
Presentation / Conference
Downloadable Citations
About UWE Bristol Research Repository
Administrator e-mail: repository@uwe.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search