The role of university education is recognized as critical since it produces people equipped with the knowledge and skills to make strategic contributions toward the economic development of a country. Universities as ‘knowledge intensive’ organizations thrive on the production and dissemination of knowledge and rely heavily on the human resource component to facilitate, generate and disseminate it. The management of knowledge has become important to the institutions in view of its abundance and this has led to the development of several emerging issues such as the roles played by platforms created for sharing knowledge and cultural factors. Review of literature reveals that the culture of an organization affects how it is able to create a suitable environment to improve the performance of its employees. Knowledge culture represents that part of an organization in which its values, beliefs and norms influence the manner in which knowledge is utilized to attain competitive advantage. A knowledge culture that is supportive in promoting knowledge creation initiatives and sharing of the same is in a better position to build a strong knowledge base. Further review of literature shows that there are limited number of empirical studies that have been done to study the relationship between knowledge culture and employee performance in these institutions. This paper sought to contribute to this growing body of knowledge by determining the nature of this relationship in public universities in Kenya. The study was anchored on the resource-based view. Descriptive survey design was applied and descriptive and inferential statistics used to analyze the data. The target population consisted of 495 employees from 10 public universities in Kenya selected on the basis of their size and age. The study reported a significant and positive relationship between knowledge culture and employee performance when moderated with organizational structure in public universities in Kenya.
{"title":"Knowledge Culture and Employee Performance in Public Universities in Kenya","authors":"B. Maende","doi":"10.53819/81018102t2131","DOIUrl":"https://doi.org/10.53819/81018102t2131","url":null,"abstract":"The role of university education is recognized as critical since it produces people equipped with the knowledge and skills to make strategic contributions toward the economic development of a country. Universities as ‘knowledge intensive’ organizations thrive on the production and dissemination of knowledge and rely heavily on the human resource component to facilitate, generate and disseminate it. The management of knowledge has become important to the institutions in view of its abundance and this has led to the development of several emerging issues such as the roles played by platforms created for sharing knowledge and cultural factors. Review of literature reveals that the culture of an organization affects how it is able to create a suitable environment to improve the performance of its employees. Knowledge culture represents that part of an organization in which its values, beliefs and norms influence the manner in which knowledge is utilized to attain competitive advantage. A knowledge culture that is supportive in promoting knowledge creation initiatives and sharing of the same is in a better position to build a strong knowledge base. Further review of literature shows that there are limited number of empirical studies that have been done to study the relationship between knowledge culture and employee performance in these institutions. This paper sought to contribute to this growing body of knowledge by determining the nature of this relationship in public universities in Kenya. The study was anchored on the resource-based view. Descriptive survey design was applied and descriptive and inferential statistics used to analyze the data. The target population consisted of 495 employees from 10 public universities in Kenya selected on the basis of their size and age. The study reported a significant and positive relationship between knowledge culture and employee performance when moderated with organizational structure in public universities in Kenya.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"92 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84463145","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.3846/ijspm.2023.18990
Rui Wang, Wenjing Zuo
Effective method of bilateral matching decision-making could drive the property transaction market more dynamic and healthier. In the property trade process, once intermediaries are conscientious, the portrait of matching parties are clearly described, a reasonable and satisfactory result can be got. However, the intermediary moral hazard and the loss of the description about the characteristics of matching parties can affect the matching result. By developing a method for a property transaction platform, this paper proposes a novel approach that considering intermediary moral hazard to improve matching efficiency. A mathematical model of intermediary moral hazard is performed, and then the price and other evaluation indicators of sellers and buyers are described by five different types of value forms. A multi-objective bilateral matching decision-making model that “minimizes the intermediary moral hazard in the case of the maximum benefits of the matching parties” is constructed and solved by the dictionary order method. A real case study of property trade platform is presented to illustrate how the proposed approach could be applied in practice. The results of this research indicate that the proposed approach is a useful tool for matching sellers and buyers under the intermediary moral hazard and has substantial practical application.
{"title":"BILATERAL MATCHING DECISION-MAKING IN PROPERTY TRADING PLATFORM: A METHOD CONSIDERING INTERMEDIARY MORAL HAZARD","authors":"Rui Wang, Wenjing Zuo","doi":"10.3846/ijspm.2023.18990","DOIUrl":"https://doi.org/10.3846/ijspm.2023.18990","url":null,"abstract":"Effective method of bilateral matching decision-making could drive the property transaction market more dynamic and healthier. In the property trade process, once intermediaries are conscientious, the portrait of matching parties are clearly described, a reasonable and satisfactory result can be got. However, the intermediary moral hazard and the loss of the description about the characteristics of matching parties can affect the matching result. By developing a method for a property transaction platform, this paper proposes a novel approach that considering intermediary moral hazard to improve matching efficiency. A mathematical model of intermediary moral hazard is performed, and then the price and other evaluation indicators of sellers and buyers are described by five different types of value forms. A multi-objective bilateral matching decision-making model that “minimizes the intermediary moral hazard in the case of the maximum benefits of the matching parties” is constructed and solved by the dictionary order method. A real case study of property trade platform is presented to illustrate how the proposed approach could be applied in practice. The results of this research indicate that the proposed approach is a useful tool for matching sellers and buyers under the intermediary moral hazard and has substantial practical application.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"15 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72509496","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose: The study examined the influence of structural decisions strategy on organizational performance of cement manufacturing firms in Kenya. Methodology: This research employed the positivism philosophy and concurrent triangulation research design. The research was conducted in the Kenyan cement industry. The eight cement production companies made up the target population of the research and are located in the counties of Kisumu, Nairobi, Mombasa, Machakos, Nakuru, and Kajiado were the subject of the study. Whereas, the units of observation of the research comprised of all employees in the 7 cement firms. The research, further, used the census method and the stratified random sampling technique to select a sample size of 365 employees included 37 managers, 322 non-managers and 6 CEOs distributed per company. The study data was then gathered using a questionnaire and interview schedule for main data collection and a secondary data collection sheet for secondary data collection. Findings: The findings of the research revealed that structural decision strategy is one of the operational strategies that is employed by the cement manufacturing firms to influence their organizational performance. This was according to the high level of agreement by most of the respondents noted in the descriptive results. The study also found that structural decision strategies had a positive and significant relationship with organizational performance of cement manufacturing firms in Kenya. The regression results also led to the rejection of the null hypothesis, thus adopting the alternative hypothesis; structural decision strategy has a significant influence on organizational performance of cement manufacturing firms in Kenya. Unique Contribution to Theory, Practice and Policy: The theories were relevant to this study as they emphasized on the need to identify both the dysfunctions and functional effects of particular structural arrangements on organizational performance of cement firms. Thus, the theories will also be applicable to other studies with such related research topics. The management of cement firms should effectively take part in the decentralization of management structures and specialization of departments in order to improve managerial efficiency and employee performance. Policymakers should establish operating policies and procedures that are supportive of the firms’ set objectives and goals.
{"title":"Influence of Structural Decisions Strategy on Organizational Performance of Cement Manufacturing Firms in Kenya","authors":"Charlese Karuga, H. Yatich, Kibe Wairimu","doi":"10.47604/ijsm.1962","DOIUrl":"https://doi.org/10.47604/ijsm.1962","url":null,"abstract":"Purpose: The study examined the influence of structural decisions strategy on organizational performance of cement manufacturing firms in Kenya. \u0000Methodology: This research employed the positivism philosophy and concurrent triangulation research design. The research was conducted in the Kenyan cement industry. The eight cement production companies made up the target population of the research and are located in the counties of Kisumu, Nairobi, Mombasa, Machakos, Nakuru, and Kajiado were the subject of the study. Whereas, the units of observation of the research comprised of all employees in the 7 cement firms. The research, further, used the census method and the stratified random sampling technique to select a sample size of 365 employees included 37 managers, 322 non-managers and 6 CEOs distributed per company. The study data was then gathered using a questionnaire and interview schedule for main data collection and a secondary data collection sheet for secondary data collection. \u0000Findings: The findings of the research revealed that structural decision strategy is one of the operational strategies that is employed by the cement manufacturing firms to influence their organizational performance. This was according to the high level of agreement by most of the respondents noted in the descriptive results. The study also found that structural decision strategies had a positive and significant relationship with organizational performance of cement manufacturing firms in Kenya. The regression results also led to the rejection of the null hypothesis, thus adopting the alternative hypothesis; structural decision strategy has a significant influence on organizational performance of cement manufacturing firms in Kenya. \u0000Unique Contribution to Theory, Practice and Policy: The theories were relevant to this study as they emphasized on the need to identify both the dysfunctions and functional effects of particular structural arrangements on organizational performance of cement firms. Thus, the theories will also be applicable to other studies with such related research topics. The management of cement firms should effectively take part in the decentralization of management structures and specialization of departments in order to improve managerial efficiency and employee performance. Policymakers should establish operating policies and procedures that are supportive of the firms’ set objectives and goals.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"42 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80219419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose: This study involved determination of how the aspects organization structure and organization culture affect the growth of SACCOs and specifically those that take deposits in the County of Embu. Methodology: The theories that guided this study included the institutional theory and Edgar Schein theory. Descriptive survey research design was adopted targeting 11 savings and credit cooperatives in Embu County as the unit of analysis and 77 respondents formed the unit of observation where census was used. The validity as well as the reliability of the questionnaires used in this study to collect primary data was determined through a pilot test with the overall Cronbach alpha coefficient value as 0.873. The project overseer who is a subject guru in the area of study went through the content of the research tool to determine if the tool used adequately captured the aspects being studied and thus ascertained for content validity. Relevant authorities including a letter of introduction from Kenyatta University which were used to explain the purpose of study and a permit for the research was sought before data collection in the field. The analysis was done through statistical package for social sciences version 24 utilizing means, standard deviations and regression analysis and presented through tables and figures. Findings: The findings were that organization culture had the greatest implication on SACCO growth followed by organization structure. It was concluded that strategy implementation practices have significant effect on growth of deposit taking savings and credit cooperatives in Embu County, Kenya. Recommendations: It was recommended senior management of the SACCOs in Embu should eliminate bureaucracies through minimization of the degree of formalization. The top management team in liaison with the boards of directors in SACCOs operating in Embu should review the existing values so as to bind employees together as they work to implement the formulated strategies.
{"title":"Strategy Implementation Practices and Growth of Deposit Taking Savings and Credit Cooperatives in Embu County, Kenya","authors":"Mourine Celina Wangari, D. Waithaka","doi":"10.47672/jsm.1438","DOIUrl":"https://doi.org/10.47672/jsm.1438","url":null,"abstract":"Purpose: This study involved determination of how the aspects organization structure and organization culture affect the growth of SACCOs and specifically those that take deposits in the County of Embu. \u0000Methodology: The theories that guided this study included the institutional theory and Edgar Schein theory. Descriptive survey research design was adopted targeting 11 savings and credit cooperatives in Embu County as the unit of analysis and 77 respondents formed the unit of observation where census was used. The validity as well as the reliability of the questionnaires used in this study to collect primary data was determined through a pilot test with the overall Cronbach alpha coefficient value as 0.873. The project overseer who is a subject guru in the area of study went through the content of the research tool to determine if the tool used adequately captured the aspects being studied and thus ascertained for content validity. Relevant authorities including a letter of introduction from Kenyatta University which were used to explain the purpose of study and a permit for the research was sought before data collection in the field. The analysis was done through statistical package for social sciences version 24 utilizing means, standard deviations and regression analysis and presented through tables and figures. \u0000Findings: The findings were that organization culture had the greatest implication on SACCO growth followed by organization structure. It was concluded that strategy implementation practices have significant effect on growth of deposit taking savings and credit cooperatives in Embu County, Kenya. \u0000Recommendations: It was recommended senior management of the SACCOs in Embu should eliminate bureaucracies through minimization of the degree of formalization. The top management team in liaison with the boards of directors in SACCOs operating in Embu should review the existing values so as to bind employees together as they work to implement the formulated strategies. \u0000 ","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"191 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75808301","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cost Reduction Strategies and Growth of FMCG Companies in Kyoto, Japan","authors":"","doi":"10.53819/81018102t5157","DOIUrl":"https://doi.org/10.53819/81018102t5157","url":null,"abstract":"","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"7 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78967603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effect of Strategic Leadership on Strategy Implementation in Insurance Firms in Des Moines, USA","authors":"","doi":"10.53819/81018102t5156","DOIUrl":"https://doi.org/10.53819/81018102t5156","url":null,"abstract":"","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"3 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83504504","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose: Strategy implementation is fundamental for any organization’s survival. Many organizations across different sectors and industries do not attain their strategic objectives despite going through a robust strategic formulation process and spending considerable amount of resources in the process. Research attributes that the problem lies in the implementation stage of strategic management process which researchers claim has not been give considerable importance like its formulation counterpart. This study focuses on studying the effect of resource availability, mobilization and allocation on implementation of strategies among the tourist government agencies in Kenya. Methodology: The research designs employed in this study were explanatory and descriptive research designs. A sample of 327 employees was made out of possible 1792 employees in the senior management; corporate, business and functional. The study employed stratified random sampling, which is a type of probability sampling techniques in selecting the respondents of the study. Data was collected through questionnaires and interviews and analysed for conclusion making. A multiple linear regression model was used to test the significance of the influence of the independent variables on the dependent variable. Findings: The study found that availability and adequacy of physical, technological, human and financial resources in an organization were very important in boosting the implementation efforts of strategy implementers. The results shows that finances and proper budgeting of resources affect the way organizations realize their profits and objectives. Recommendations: Based on the, study finds the researcher recommends that management of different organizations particularly those dealing with tourism improve on the timeliness of allocation of the resources so that strategies are implemented within the specified time frames
{"title":"Effect of Resource Allocation on Strategy Implementation in Kenya’s Tourism Industry: Case of Kenya Government Tourism Agencies","authors":"Dr. Juliana Kyalo","doi":"10.47672/jsm.1424","DOIUrl":"https://doi.org/10.47672/jsm.1424","url":null,"abstract":"Purpose: Strategy implementation is fundamental for any organization’s survival. Many organizations across different sectors and industries do not attain their strategic objectives despite going through a robust strategic formulation process and spending considerable amount of resources in the process. Research attributes that the problem lies in the implementation stage of strategic management process which researchers claim has not been give considerable importance like its formulation counterpart. This study focuses on studying the effect of resource availability, mobilization and allocation on implementation of strategies among the tourist government agencies in Kenya. \u0000Methodology: The research designs employed in this study were explanatory and descriptive research designs. A sample of 327 employees was made out of possible 1792 employees in the senior management; corporate, business and functional. The study employed stratified random sampling, which is a type of probability sampling techniques in selecting the respondents of the study. Data was collected through questionnaires and interviews and analysed for conclusion making. A multiple linear regression model was used to test the significance of the influence of the independent variables on the dependent variable. \u0000Findings: The study found that availability and adequacy of physical, technological, human and financial resources in an organization were very important in boosting the implementation efforts of strategy implementers. The results shows that finances and proper budgeting of resources affect the way organizations realize their profits and objectives. \u0000Recommendations: Based on the, study finds the researcher recommends that management of different organizations particularly those dealing with tourism improve on the timeliness of allocation of the resources so that strategies are implemented within the specified time frames \u0000 ","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"17 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87921660","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Decision making is a critical role that managers of organizations play and gives a bearing on the long-term survival of the organization. The study aimed to assess the influence of strategic decision making on organizational performance, taking the case of Rugarama Estate Park. Descriptive design was utilized with a population of 153 constituting of staff of Rugarama Estate Park as per the Human Resource records. A sample of 111 was utilized and purposive and simple random sampling approaches adopted in selecting the respondents to participate in study. The data was primary in nature collected using questionnaires. The study adopted theory of planned behavior. IBM SPSS Version 21 was used in analyzing data. The findings involved computing means, percentages, and frequencies, standard deviation and these were presented in tables. Descriptive statistics did reveal a mean of averagely 2 and less than 1 standard deviation in the case of advocacy decision making approach. However, dialogic and decision systems revealed an average mean of 4. Additionally, the corresponding coefficients for advocacy, dialogic and decision support systems were 0.260, 0.670 and 0.710 respectively. The regression coefficients for advocacy, dialogic and decision support systems were 0.092, 0.142 and 0.174 respectively with corresponding p values of 0.048, 0.002 and 0.001. This implied that advocacy decision making is not widely practiced while dialogic and decision support systems are widely practiced at Rugarama Estate Park. Study also concluded there was low positive significant association between advocacy approach and organization performance while dialogic and decision-making support systems had high positive association with organization performance. The null hypotheses were rejected hence a conclusion there was positive significant influence of advocacy, dialogic and decision support systems on organization performance. The study recommended independent and group thinking to be practiced in organization in decision making process, proposals regarding decision changes should be made available to members and every member given time to go through, all Stakeholders to be involved in decision making process to be able to feel part and parcel of the organization activities and lastly organizations to invest in technology systems that aids in speedy and efficient decision making process.. Keywords: Strategic Decision Making, Organizational Performance, Rugarama Estate Park, Rwanda
{"title":"Strategic Decision-Making Approaches and Organizational Performance Case of Rugarama Estate Park, Rwanda","authors":"Sharon Kayitesi","doi":"10.53819/81018102t2127","DOIUrl":"https://doi.org/10.53819/81018102t2127","url":null,"abstract":"Abstract Decision making is a critical role that managers of organizations play and gives a bearing on the long-term survival of the organization. The study aimed to assess the influence of strategic decision making on organizational performance, taking the case of Rugarama Estate Park. Descriptive design was utilized with a population of 153 constituting of staff of Rugarama Estate Park as per the Human Resource records. A sample of 111 was utilized and purposive and simple random sampling approaches adopted in selecting the respondents to participate in study. The data was primary in nature collected using questionnaires. The study adopted theory of planned behavior. IBM SPSS Version 21 was used in analyzing data. The findings involved computing means, percentages, and frequencies, standard deviation and these were presented in tables. Descriptive statistics did reveal a mean of averagely 2 and less than 1 standard deviation in the case of advocacy decision making approach. However, dialogic and decision systems revealed an average mean of 4. Additionally, the corresponding coefficients for advocacy, dialogic and decision support systems were 0.260, 0.670 and 0.710 respectively. The regression coefficients for advocacy, dialogic and decision support systems were 0.092, 0.142 and 0.174 respectively with corresponding p values of 0.048, 0.002 and 0.001. This implied that advocacy decision making is not widely practiced while dialogic and decision support systems are widely practiced at Rugarama Estate Park. Study also concluded there was low positive significant association between advocacy approach and organization performance while dialogic and decision-making support systems had high positive association with organization performance. The null hypotheses were rejected hence a conclusion there was positive significant influence of advocacy, dialogic and decision support systems on organization performance. The study recommended independent and group thinking to be practiced in organization in decision making process, proposals regarding decision changes should be made available to members and every member given time to go through, all Stakeholders to be involved in decision making process to be able to feel part and parcel of the organization activities and lastly organizations to invest in technology systems that aids in speedy and efficient decision making process.. Keywords: Strategic Decision Making, Organizational Performance, Rugarama Estate Park, Rwanda","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"55 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88458701","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-11DOI: 10.3846/ijspm.2023.18842
S. Toivonen, Henrik Sinisalo, Eini Uusitalo
Participants in the real estate market are exposed to a variety of endogenous and exogenous crises. Because the real estate market environment is closely interconnected with the broader society and its diverse forces, the direct and indirect impacts of crises are experienced through changes in real estate market dynamics. In the future, the market environment is expected to be even more challenging, full of complexity, uncertainties, and ambiguities, which will require developing the skills, first, to learn from crises already experienced and then to foresee, prevent, or adapt to ones yet unseen. This article aims to deepen the understanding of how crisis impacts were perceived in the real estate market during the COVID-19 pandemic. The research applies a qualitative approach by interviewing 19 real estate market professionals in Finland to identify the factors influencing market dynamics, such as market sentiments, preferences, and procedures. The results will help market participants understand the diversity of crisis impacts, their interconnections, and how they are perceived. The findings contribute to the real estate literature by offering a qualitative perspective that supports individuals and organizations in developing risk and crisis management skills and contributes to building a more resilient real estate market to support communities.
{"title":"THE WAKEUP CALL OF COVID-19: PERCEPTIONS OF CRISIS IMPACTS IN THE REAL ESTATE MARKET","authors":"S. Toivonen, Henrik Sinisalo, Eini Uusitalo","doi":"10.3846/ijspm.2023.18842","DOIUrl":"https://doi.org/10.3846/ijspm.2023.18842","url":null,"abstract":"Participants in the real estate market are exposed to a variety of endogenous and exogenous crises. Because the real estate market environment is closely interconnected with the broader society and its diverse forces, the direct and indirect impacts of crises are experienced through changes in real estate market dynamics. In the future, the market environment is expected to be even more challenging, full of complexity, uncertainties, and ambiguities, which will require developing the skills, first, to learn from crises already experienced and then to foresee, prevent, or adapt to ones yet unseen. This article aims to deepen the understanding of how crisis impacts were perceived in the real estate market during the COVID-19 pandemic. The research applies a qualitative approach by interviewing 19 real estate market professionals in Finland to identify the factors influencing market dynamics, such as market sentiments, preferences, and procedures. The results will help market participants understand the diversity of crisis impacts, their interconnections, and how they are perceived. The findings contribute to the real estate literature by offering a qualitative perspective that supports individuals and organizations in developing risk and crisis management skills and contributes to building a more resilient real estate market to support communities.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"63 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90112079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose: The purpose of this paper was to provide organization leaders and managers with an understanding of transformative operations as a practical approach to successfully navigate chaotic business environments in Africa. Methodology: The researcher conducted a review of available academic literature, journals, research findings, authoritative policy documents, library books and online business publications related to emergent transformative leadership theory, ubuntu values, organization performance and environmental turbulence in the business context. The author used a thematic analysis of text, qualitative interpretivism of published information and grounded theory to develop a conceptual framework to guide future research in the field. Findings: The author examined modern societal and scholarly calls for transformative leadership as a suitable model to address the volatile, uncertain, complex and ambiguous conditions of a chaotic global environment in the 21st century. The literature and empirical research review suggest that implementing transformative operations, alongside practicing ubuntu values, equips organizations to navigate a strategic path through turbulent conditions. These approaches secure a business organization’s survival, sustainability, profitability and market leadership. The author proposes that leading organization performance in an evolving environment is neither a linear process nor a simple planning routine. Rather, it is a transcendent approach to navigating immediate, disruptive, short, medium and long-term challenges to arrive at desired goals. In the process, organizations change, adapt, innovate and transform themselves in order to thrive in the face of evolving environmental conditions. The study proposes a conceptual model for further empirical research on the impact of transformative operations on organization performance. Recommendations: The study recommend leaders and managers to 1) adopt transformative operations as a strategy to successfully navigate environmental turbulence, 2) to harness the free social energy available in the ubuntu philosophy to leverage institutional performance in public and private business in Africa, 3) use environmental mapping to configure and navigate surrounding force fields, 4) adopt additional performance measures, alongside financial results, to provide a wholistic picture of business success. And finally, the study invite researchers to conduct empirical tests to evaluate the efficacy of the conceptual framework.
{"title":"How Transformative Operations and Ubuntu Values Impact Organization Performance in Turbulent Environments: A Literature Review","authors":"A. D. M. Bukusi","doi":"10.47672/jsm.1414","DOIUrl":"https://doi.org/10.47672/jsm.1414","url":null,"abstract":"Purpose: The purpose of this paper was to provide organization leaders and managers with an understanding of transformative operations as a practical approach to successfully navigate chaotic business environments in Africa. \u0000Methodology: The researcher conducted a review of available academic literature, journals, research findings, authoritative policy documents, library books and online business publications related to emergent transformative leadership theory, ubuntu values, organization performance and environmental turbulence in the business context. The author used a thematic analysis of text, qualitative interpretivism of published information and grounded theory to develop a conceptual framework to guide future research in the field. \u0000Findings: The author examined modern societal and scholarly calls for transformative leadership as a suitable model to address the volatile, uncertain, complex and ambiguous conditions of a chaotic global environment in the 21st century. The literature and empirical research review suggest that implementing transformative operations, alongside practicing ubuntu values, equips organizations to navigate a strategic path through turbulent conditions. These approaches secure a business organization’s survival, sustainability, profitability and market leadership. The author proposes that leading organization performance in an evolving environment is neither a linear process nor a simple planning routine. Rather, it is a transcendent approach to navigating immediate, disruptive, short, medium and long-term challenges to arrive at desired goals. In the process, organizations change, adapt, innovate and transform themselves in order to thrive in the face of evolving environmental conditions. The study proposes a conceptual model for further empirical research on the impact of transformative operations on organization performance. \u0000Recommendations: The study recommend leaders and managers to 1) adopt transformative operations as a strategy to successfully navigate environmental turbulence, 2) to harness the free social energy available in the ubuntu philosophy to leverage institutional performance in public and private business in Africa, 3) use environmental mapping to configure and navigate surrounding force fields, 4) adopt additional performance measures, alongside financial results, to provide a wholistic picture of business success. And finally, the study invite researchers to conduct empirical tests to evaluate the efficacy of the conceptual framework.","PeriodicalId":14424,"journal":{"name":"International Journal of Strategic Property Management","volume":"103 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72581270","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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