Contingency factors influencing implementation of physical asset management practices

Damjan Maletič (Author), Matjaž Maletič (Author), Basim Al-Najjar (Author), Katerina Gotzamani (Author), Maria Gianni (Author), Kalinowski (Author), Boštjan Gomišček (Author)

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;

Data

Language:	English
Year of publishing:	2017
Typology:	1.01 - Original Scientific Article
Organization:	UM FOV - Faculty of Organizational Sciences
UDC:	005.336.3
COBISS:	7901459
ISSN:	1318-5454
Parent publication:	Organizacija
Views:	1233
Downloads:	339
Average score:	0 (0 votes)
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Other data

Secondary language:	Slovenian
Secondary title:	Vpliv kontingenčnih dejavnikov na izvajanje dejavnosti obvladovanja fizičnih sredstev
Secondary abstract:	Namen: Namen pričujoče empirične raziskave je preučiti vlogo dveh kontingenčnih dejavnikov, t.i. negotovosti in konkurenčnost v povezavi z oblvadovanjem fizičnih sredstev (physical asset management - PAM), kakor tudi v povezavi s ključnimi kazalniki učinkovitosti in uspešnosti vzdrževanja. Raziskava temelji na predpostavki, da dejavnosti obvladovanja fizičnih sredstev, ki so opredeljene z dimenzijami kot so obvladovanje tveganj, ocenjevanje učinkovitosti in uspešnosti, obvladovanje življenjskega cikla ter politika in strategija, so postali nepogrešljiv del strateškega razmišljanja lastnikov fizičnih sredstev, kakor tudi managerjev s področja vzdrževanja in PAM. Namen raziskave je poglobiti razumevanje odzivanja organizacij na visoko ali nizko stopnjo negotovosti in konkurenčnosti z vidika implementacije PAM. Metodologija/pristop: Podatki v članku temeljijo na izvedeni anketni raziskavi med organizacijami iz šestih evropskih držav (Slovenija, Poljska, Grčija, Švedska, Turčija in Slovaška). Podatki so bili zbrani iz 138 organizacij, ki se nahajajo v omenjenih državah. Ugotovitve: Rezultati kažejo, da organizacije, ki se soočajo z visoko stopnjo negotovosti in konkurenčnost se bolj uspešni pri vključevanju dejavnosti PAM v organizacijo. Nadalje, rezultati kažejo, da če se organizacije soočajo z visoko stopnjo konkurenčnosti uporabljajo ključne kazalnike učinkovitosti in uspešnosti vzdrževanja ter PAM v večji meri kot organizacije podvržene nizki stopnji konkurenčnosti. Izvirnost/pomembnost prispevka: S teoretičnega vidika, pričujoča raziskava prispeva k kontingenčni teoriji z zagotovitvijo empiričnih dokazov, ki prikazujejo ali je potreben kontekstno odvisen pristop k PAM. Rezultati raziskave tudi nudijo spoznanje managerjem o tem kako se odzvati na pritisk konkurence in katere so dejavnosti PAM, ki organizaciji omogočajo, da se prilagodi na spremembe v dinamičnem poslovnem okolju.
Secondary keywords:	obvladovanje fizičnih sredstev;vzdrževanje;negotovost;konkurenčnost;
URN:	URN:SI:UM:
Type (COBISS):	Scientific work
Pages:	str. 3-16
Volume:	ǂVol. ǂ50
Issue:	ǂno. ǂ1
Chronology:	feb. 2017
DOI:	10.1515/orga-2017-0003
ID:	9600155