Authors: Amit Kundu
Addresses: School of Management Studies, Techno India, EM 4/1, Sector V, Salt Lake, 700091 Kolkata, India
Abstract: The study explores the measure of uncertainty of the market and also the linkage between the uncertainties of the business environment and the performance of the organisations in the specified sector that includes chemical; petro-chemical process industry; agricultural related industry; processed food industry; bio-chemical related industry in the context of liberalised Indian economy. In this paper, the measure of uncertainty on the basis of subjective understanding of managers is validated by the objective measure of market uncertainty. The strong relationship between two measures of uncertainty has been established and the subjective measure of uncertainty has strong impact on the performance of the organisation. The subjective measure has been classified into two dimensions, namely, internal uncertainty and external uncertainty. The paper also ascertains the relative influence of the internal uncertainty (IU) and external uncertainty (EU) on the performance of the organisation using SEM analysis.
Keywords: internal uncertainty; external uncertainty; strategy; chemical sector; India; structure equation modelling; SEM.
International Journal of Manufacturing Technology and Management, 2017 Vol.31 No.6, pp.537 - 553
Received: 07 Apr 2016
Accepted: 26 Jul 2016
Published online: 02 Jan 2018 *