From Corporate Crisis to Turnaround in East Asia: A Study of China Huajing Electronics Group Corporation
Vipin Gupta () and
Jifu Wang ()
Asia Pacific Journal of Management, 2004, vol. 21, issue 1_2, 213-233
In this article, we investigated some of the pre-conditions of crisis faced by technology-focused firms, as a group, in the emerging markets facing globalization and looked at the modalities for turnaround. We applied the "entrepreneurial leadership" model recently proposed by Gupta, Macmillan and Surie (2004) for defining the processes needed for adapting to the globalization-induced crisis. Our context for the globalization-induced crisis was the 1997 East Asian crisis, and we studied how the crisis galvanized a leading Chinese electronics firm--Huajing--to develop and execute a turnaround strategy for recovering from a near bankruptcy state. We discussed how organizational and other factors conjoined to create crisis at Huajing in the midst of globalization and trace the process through which entrepreneurial leadership was implemented. We distil various insights into a prototypical, unified model that underscores the significance of entrepreneurial leadership in developing and applying the different strategic flexibility platforms embedded in the resources and capabilities of the firms and in generating a relationship-anchored market position. The findings suggest that in situations where the crisis occurs at the level of organizational field, firms need turnaround strategies that help strengthen not only their organizational field but also their own value generation capabilities.
References: Add references at CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:asiapa:v:21:y:2004:i:1_2:p:213-233
Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/10490/PS2
Access Statistics for this article
Asia Pacific Journal of Management is currently edited by Jane Lu
More articles in Asia Pacific Journal of Management from Springer
Series data maintained by Sonal Shukla ().