Title: A comparative analysis of strategy determinants in manufacturing: some findings in Shanghai and Hong Kong
Authors: Kit Fai Pun, Kwai Sang Chin, H.C.W. Lau
Addresses: Department of Mechanical and Manufacturing Engineering, The University of the West Indies, St. Augustine Campus, Trinidad and Tobago, West Indies. ' Department of Manufacturing Engineering and Engineering Management, City University of Hong Kong, Tat Chee Avenue, Kowloon, Hong Kong. ' Department of Industrial and Systems Engineering, The Hong Kong Polytechnic University, Hunghom, Hong Kong
Abstract: Competition in industry has become more difficult with a greater number of buyers and sellers, increased product differentiation, entry barriers, vertical integration, diversification and cost structures. Many research works have been published, emphasising the importance of strategy formulation and strategic management of manufacturing function to gain competitive advantage. This paper investigates firstly the common success factors, problem areas and strategy choices; and secondly, examines the relative importance amongst corporate, marketing, technology and operational strengths of manufacturing firms, drawing upon empirical findings of a comparison study in Shanghai and Hong Kong. Although these two cities operate on very different social systems, manufacturing has been a major contributor and a stabilising force of their economy. The paper concludes by identifying the key strategy determinants (success factors, problems and choices) that could facilitate manufacturers to improve strategy formulation practices and business performance.
Keywords: strategy determinants; success factors; strategy choices; manufacturing strategy; strategic management; China; Shanghai; Hong Kong; strategy formulation.
International Journal of Manufacturing Technology and Management, 2004 Vol.6 No.5, pp.457 - 484
Available online: 15 Nov 2004 *Full-text access for editors Access for subscribers Purchase this article Comment on this article