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題名:策略意圖、資源豐沛對企業成長影響之研究 --以台灣資訊電子業為例
作者:賴勇成
作者(外文):Yung-Cheng Lai
校院名稱:臺灣大學
系所名稱:商學研究所
指導教授:洪明洲
學位類別:博士
出版日期:2006
主題關鍵詞:策略意圖資源豐沛企業成長資訊電子業Strategic IntentSlack in resourcesFirm GrowthInformation-Electronics industry
原始連結:連回原系統網址new window
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本研究旨在探討企業經理人的策略意圖、資源豐沛對企業成長影響之關係,以實證模型觀察經理人的策略意圖對企業成長的影響,並瞭解資源豐沛對「策略意圖與企業成長」兩者間關係之影響,據以詮釋Penrose(1959)企業成長理論。
本研究以台灣資訊電子產業為研究對象,觀察1997年95家上市上櫃資訊電子企業,將過去三年(1995-1997年)透過媒體報導所宣告有關於企業成長的「策略意圖」,與1997年之後三年(1997-2002年)的「營收成長率」進行迴歸分析,並以組織在財務上的「資源豐沛」(slack in financial resources)為干擾變數。
實證結果發現:策略意圖與企業成長呈現正相關,但統計檢定結果並不顯著,而加入「資源豐沛」為干擾變數後,策略意圖與企業成長之間即呈現顯著關係。顯見徒具「策略意圖」不足以讓企業達到成長目標,企業資源豐沛會對「意圖-成長」關係構成干擾。
由於不同類型資源豐沛對「意圖-成長」關係的干擾效果並不相同,本研究將財務上的資源豐沛分為:實際型資源豐沛(slack of actually resources)和潛在型資源豐沛(slack of potential resources)兩類。其中,實際型資源豐沛包括:(i)可用型資源豐沛(slack of available resources),係指企業內流動性高的資源(如:流動資產);和(ii)可回復型資源豐沛(slack of recoverable resources),則是指已融入組織結構設計內的資源(如:管銷費用)。
實際型和潛在型資源豐沛的差異在於,實際型資源豐沛是屬於組織現有的資源豐沛情況(如:流動資產、管銷費用),而潛在型資源豐沛則是指企業潛在或尚未開發的資源豐沛(如:企業評等、股東權益),屬於資源創造能力。
本研究在不同類型資源豐沛干擾效果的實證結果顯示:在企業表現出高度策略意圖時,實際型資源較豐沛的企業,其成長績效較低;而潛在型資源較豐沛的企業,其成長績效則較高。
基於上述結果,本研究提出三項結論:
1.策略意圖和企業成長績效的關係受到資源豐沛的干擾。
2.實際型資源較不豐沛的企業,在資源的配置上往往需要經過較嚴謹的協商與溝通,因而所產生的創造力(creativity),將有利於管理問題的解決與延緩管理資源邊際報酬的遞減,進而達成較佳的成長目標。
3.潛在型資源較豐沛的企業,由於具備可因應成長而開發潛在資源的能力,其所產生的策略彈性(flexibility),將可適時為企業挹注成長所需的資源以及提昇企業成長的動力,進而達成較佳的成長目標。
This study examines the effect of firm manager’s strategic intent, firm slack in resources on the firm growth. This study was planning to empirically test the Penrose’s (1959) theory of firm growth by observing the effect of firm’s manager’s strategic intent on the firm growth, and the impact of firm slack in resources on the relationship between strategic intent and firm growth.
The sample of this study was the firms go public in the Taiwanese information technology industry. This study observed 95 information technology firms of the year 1997. The independent variable was the growth intent, which was the announcement reported by mass media during the 1995-1997. The dependent variable was the sales growth rate, which was the change rate between the year of 1997 and 2002. The moderate variable was the slack in financial resources.
The result of regression model revealed: The correlation between strategic intent and firm growth was positive, but the significant level was not. However, it exist the moderate effect of slack in financial resources on the relationship between strategic intent and firm growth. It obviously that firm without slack in resources would not accomplish the goal of firm growth.
Owing to the moderate effect was different as the different slack. This study sorted slack in financial resources into two types: the slack of actually resources and slack of potential resources. And, the salck of actually resources could divide into: (i) slack of available resources, which was meaning the firm’s liquid resources and the current ratio was the example. And (ii) slack of recoverable resources, which was meaning the assimilated into the system design of firm and the ratio of general and administrative expenses to sales was the example.
The difference between slack of actually and potential resources were the resource’s possession and generation. The slack of actually resources belong to current resources amount possessed by firm. And the slack of potential resources belong to the potential resources capacity generated by firm.
In the effect of slack on the relationship between strategic intent and firm growth, this study found: When the firm’s manager behaves highly strategic intent, the growth performance wourld be lowering as firm with abundant slack of actually resources and tigh slack of potential resources.
Base on the result as above, this study proposed three conclusions:
1.It exist the moderate effect of slack in resources on the relationship between strategic intent and firm growth.
2.When actually resources were tight, organizational members spend more time forming negotiating for their fair share of resources. More time spent for coordinating would have creativity, which was benefit for firm growth by resolving managerial complexity question and slow down the diminishing of margin of managerial resources.
3.When firm with capability of generation of slack in resources would have flexibility, which was benefit for firm growth by ladling in resources for growth at the right moment and driving up the growth of the firm.
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