This literature review identifies the relationship between manufacturing strategies and export performance of big and small firms.
Johnson stated that back in 1960 Australian manufacturing contributed around 25% to the GDP, which got reduced to around 6.8% in the most recent years. The manufacturing in Australia is mostly centered on a few prominent sectors, like food and beverages, petrochemicals, machines and tools, metal products, textile clothing, and footwear. In the most recent years, it can be seen that most of the products manufactured in Australia are exported to the foreign countries. Different industries such as food processing, textile, motor vehicles and automotive industry, chemical industry a few prominent industries, fall under the purview of the manufacturing sector in Australia.
The recent statement of the International Monetary Fund chief Christine Lagarde about the world economic scenario indicates that the largest export market of Australia, namely, China will continue to show a downward trend in the economy. In the current year, the Chinese economy is assumed to grow at 6.9 % in the current year 2016 although the other developing economies, such as India and western countries, such as Europe and America are showing a bit recovered growth rate. It indicates that the Australia needs to rediscover its manufacturing strategy which should be aligned to the markets in these countries.
The current study finds its objectives in the research, which explores any significant correlation between the manufacturing practices and export performance of manufacturing in Australia.
Table of Contents
1. Literature Review
1.1 Manufacturing Sector in Australia
1.2 Concept of Manufacturing Strategy
1.3 Link between Export Performance and Manufacturing Strategies at Corporate Level
1.4 Globalization affecting Manufacturing Strategy
1.5 Business Environment or External Environment, influencing firm’s export performance and Manufacturing Strategy
Research Objectives and Focus Areas
This study aims to examine the relationship between an organization's manufacturing strategy and its export performance within the Australian context, while considering the moderating impact of the external business environment.
- Analysis of the historical and current state of the manufacturing sector in Australia.
- Exploration of the core concepts and definitions of manufacturing strategies.
- Examination of the link between manufacturing practices and corporate export performance.
- Investigation into how globalization and dynamic external environments influence strategy formulation.
Excerpt from the Book
Concept of Manufacturing Strategy
According to Bryson, Clark, & Vanchan, (2015) manufacturing is the production of items for the further sale or uses with the help of mechanized or manual processes. The definition of manufacturing is based on the mechanized or manual processes, which are employed in a small, medium, enterprise or large scale industrial production activity for the transformation of raw materials into finished goods (Bryson, Clark, & Vanchan, 2015).
The product can be categorized as something, which could be offered for sale in a market to fulfill or satisfy any want or need. The need is an essential aspect of the development of any product. Manufacturing is employed to make a range of goods which are sold and used in different markets having demand for these products. The products could be finished or semi-finished. An end customer can use the finished products whereas semi-finished could be used as raw material or input by industry to make final products.
Summary of Chapters
Literature Review: Provides an overview of the Australian manufacturing landscape and its historical evolution.
Manufacturing Sector in Australia: Details the transition of the sector and the current need to align strategies with global market trends.
Concept of Manufacturing Strategy: Defines manufacturing as a value-added process and discusses the importance of quality management and technological integration.
Link between Export Performance and Manufacturing Strategies at Corporate Level: Discusses how cost leadership and operational strategies directly impact global competitiveness and export success.
Globalization affecting Manufacturing Strategy: Explores how global markets create new opportunities and necessitate better forward and backward linkages.
Business Environment or External Environment, influencing firm’s export performance and Manufacturing Strategy: Analyzes the impact of external factors such as government policy and contingency theory on organizational strategy.
Keywords
Manufacturing Strategy, Export Performance, Australia, Globalization, External Environment, Cost Leadership, Industrial Production, Competitive Advantage, Contingency Theory, Supply Chain, Business Policy, Operational Strategy, Market Adaptation, Firm Performance, Resource Management.
Frequently Asked Questions
What is the primary focus of this research?
The research focuses on the correlation between manufacturing strategies and export performance within the Australian manufacturing sector.
What are the central themes of the work?
The central themes include manufacturing processes, export strategy, the impact of globalization, and the influence of the external business environment on firm performance.
What is the core objective of the study?
The objective is to identify if a significant relationship exists between how a firm organizes its manufacturing practices and its ability to succeed in export markets.
Which methodology is employed in the study?
The study utilizes a quantitative approach, incorporating descriptive statistics, reliability analysis, factor analysis, and multiple regression methods.
What topics are covered in the main body?
The main body covers the definition of manufacturing, the link between operational strategies and competitiveness, the role of globalization, and the impact of the external environment on organizational decisions.
Which keywords best characterize this publication?
The key terms include Manufacturing Strategy, Export Performance, Global Competition, and External Environment.
How does the external environment affect manufacturing strategies according to the text?
The text suggests that the external environment is dynamic, and firms must align their strategies with this environment to maintain efficiency and competitive advantage.
What role does the contingency theory play in the author's argument?
The contingency theory is used to argue that there is no single "best" long-term strategy; rather, firms must adapt their policies based on environmental changes.
- Citation du texte
- Ravi Upret (Auteur), 2015, The Relationship Between Manufacturing Strategy and Export Performance in Australia, Munich, GRIN Verlag, https://www.grin.com/document/318980
