Contingency Factors Influencing Implementation of Physical Asset Management Practices

Maletič Damjan (), Maletič Matjaž (), Al-Najjar Basim (), Gotzamani Katerina (), Gianni Maria (), Kalinowski T. Bartosz () and Gomišček Boštjan ()
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Maletič Damjan: Faculty of Organizational Sciences, University of Maribor, Slovenia
Maletič Matjaž: Faculty of Organizational Sciences, University of Maribor, Slovenia
Al-Najjar Basim: School of Engineering, Linnaeus University, Sweden
Gotzamani Katerina: Department of Business Administration, University of Macedonia, Greece
Gianni Maria: Department of Business Administration, University of Macedonia, Greece
Kalinowski T. Bartosz: Faculty of Management, University of Lodz, Poland
Gomišček Boštjan: Faculty of Business, University of Wollongong in Dubai, United Arab Emirates

Organizacija, 2017, vol. 50, issue 1, 3-16

Abstract: Purpose: The purpose of this empirical study is to examine the role of two contingency factors, i.e. uncertainty and competitiveness in relation to physical asset management (PAM) practices as well as to maintenance key performance indicators. The research is based on a premise that PAM, which was defined by risk management practices, performance assessment practices, life cycle management practices, and policy & strategy practices, has become an indispensable element of strategic thinking of asset owners as well as maintenance and asset managers. The purpose of this study is to advance the understanding of how organizations that face high or low level of uncertainty and competitiveness respond in terms of PAM deployment.Methodology/Approach: This study employed a data set based on a large-scale survey among organizations in six European countries (i.e. Slovenia, Poland, Greece, Sweden, Turkey and Slovakia). Data were collected from 138 organizations located in the above-mentioned countries to conduct the study.Findings: The results show that organizations that are faced with high level of uncertainty and competitiveness are more engaged in the deployment of PAM practices. Moreover, results show that when organizations are facing high levels of competitiveness they are using KPIs to a greater extent than organizations under low levels of competitiveness.Originality/value: From a theoretical perspective, this study contributes to the contingency theory by providing empirical evidence whether a context-dependent approach to PAM is needed. The findings also provide insights for managers on how to respond to the competitive pressure as well as how to customize PAM practices in order to adapt to the changes in dynamic organizational environment.

Keywords: Physical asset management; maintenance; uncertainty; competitiveness; maintenance key performance indicators; empirical study (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:organi:v:50:y:2017:i:1:p:3-16:n:3

DOI: 10.1515/orga-2017-0003

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