Strengthening the competitiveness of state-owned enterprises
State-owned enterprises (SOE)s tend to be rigid, bureaucratic, and hierarchical, making competition difficult. In addition, the change in fertilizer policy to a free market has suppressed the competitiveness of state-owned fertilizer companies in Indonesia. This research is intended to strengthen th...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-03-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853123003013 |
| _version_ | 1797217090133819392 |
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| author | Maslani Hartoyo Rizal Syarief Harianto |
| author_facet | Maslani Hartoyo Rizal Syarief Harianto |
| author_sort | Maslani |
| collection | DOAJ |
| description | State-owned enterprises (SOE)s tend to be rigid, bureaucratic, and hierarchical, making competition difficult. In addition, the change in fertilizer policy to a free market has suppressed the competitiveness of state-owned fertilizer companies in Indonesia. This research is intended to strengthen the competitiveness of SOE fertilizer companies. It employs Structural Equation Modeling (SEM) to elaborate data from a survey of 344 respondents at the middle-up management level in state-owned fertilizer-producing companies. The research results show that dynamic and marketing capabilities shape a company's competitiveness more strongly than strategic fit or knowledge management. Agility and resilience are vital for measuring a company's competitiveness. Therefore, SOE fertilizer producers must respond quickly and effectively by reconfiguring resources to change by forming an implementation task force for future business transformations. The agility and resilience of a company are the two most vital indicators of competitiveness of a state-owned fertilizer enterprise. Dynamic capabilities and marketing capabilities primarily influence competitiveness. Therefore, state-owned fertilizer enterprises must shift their attention to innovation and market orientation to enhance their future competitiveness. |
| first_indexed | 2024-03-08T21:50:48Z |
| format | Article |
| id | doaj.art-3e12d201aebe41669e9ffc1d1f253b50 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-04-24T11:56:19Z |
| publishDate | 2024-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-3e12d201aebe41669e9ffc1d1f253b502024-04-09T04:12:52ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312024-03-01101100199Strengthening the competitiveness of state-owned enterprises Maslani0 Hartoyo1Rizal Syarief2 Harianto3School of Business, IPB University & Pupuk Indonesia Holding Company, Indonesia; Corresponding author.School of Business, IPB University, IndonesiaSchool of Business, IPB University, IndonesiaFaculty of Economics and Management, IPB University, IndonesiaState-owned enterprises (SOE)s tend to be rigid, bureaucratic, and hierarchical, making competition difficult. In addition, the change in fertilizer policy to a free market has suppressed the competitiveness of state-owned fertilizer companies in Indonesia. This research is intended to strengthen the competitiveness of SOE fertilizer companies. It employs Structural Equation Modeling (SEM) to elaborate data from a survey of 344 respondents at the middle-up management level in state-owned fertilizer-producing companies. The research results show that dynamic and marketing capabilities shape a company's competitiveness more strongly than strategic fit or knowledge management. Agility and resilience are vital for measuring a company's competitiveness. Therefore, SOE fertilizer producers must respond quickly and effectively by reconfiguring resources to change by forming an implementation task force for future business transformations. The agility and resilience of a company are the two most vital indicators of competitiveness of a state-owned fertilizer enterprise. Dynamic capabilities and marketing capabilities primarily influence competitiveness. Therefore, state-owned fertilizer enterprises must shift their attention to innovation and market orientation to enhance their future competitiveness.http://www.sciencedirect.com/science/article/pii/S2199853123003013CompetitivenessFertilizerCapabilityState-owned enterprise Data AvailabilityThe data presented in this study are available upon request from the corresponding author. |
| spellingShingle | Maslani Hartoyo Rizal Syarief Harianto Strengthening the competitiveness of state-owned enterprises Journal of Open Innovation: Technology, Market and Complexity Competitiveness Fertilizer Capability State-owned enterprise Data AvailabilityThe data presented in this study are available upon request from the corresponding author. |
| title | Strengthening the competitiveness of state-owned enterprises |
| title_full | Strengthening the competitiveness of state-owned enterprises |
| title_fullStr | Strengthening the competitiveness of state-owned enterprises |
| title_full_unstemmed | Strengthening the competitiveness of state-owned enterprises |
| title_short | Strengthening the competitiveness of state-owned enterprises |
| title_sort | strengthening the competitiveness of state owned enterprises |
| topic | Competitiveness Fertilizer Capability State-owned enterprise Data AvailabilityThe data presented in this study are available upon request from the corresponding author. |
| url | http://www.sciencedirect.com/science/article/pii/S2199853123003013 |
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