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Strategy development for competitiveness: a study on Indian auto component sector

Author

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  • Rajesh K. Singh
  • Suresh K. Garg
  • S.G. Deshmukh

Abstract

Purpose - The purpose of this study is to analyse different aspects of competitiveness relating to the Indian auto component sector, set within a globalised economy with its attendant pressures and constraints. It examines the strategies adopted for quality improvement, cost reduction, investment and competency development. It also aims to establish the relationship between strategies and the different dimensions of competitiveness. Design/methodology/approach - A questionnaire was used to collect the research data: 75 valid responses were received. Statistical analysis of data acquired from the survey was carried out by a reliability test,t‐test and correlation analysis. Findings - A growth‐supportive environment, raising funds from the market and a shortage of technical manpower are major constraining factors whereas cost, quality, and delivery time are the main pressures on the auto component sector. The auto component sector is flexible in developing strategies and those strategies relating to cost, quality; investment and competency development are significantly correlated with competitiveness. Research limitations/implications - This study could be further extended by considering other aspects of strategy development, such as human resource, vendor development, organization culture, etc. Practical implications - Organisations should make the necessary investment to develop new competencies, and should address cost reduction and quality improvement. They should also benchmark themselves against industry standards to sustain competitiveness. Originality/value - This study will help organizations in shaping competitive strategies and in deciding dimensions of performance measurement.

Suggested Citation

  • Rajesh K. Singh & Suresh K. Garg & S.G. Deshmukh, 2007. "Strategy development for competitiveness: a study on Indian auto component sector," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 56(4), pages 285-304, May.
    • Handle: RePEc:eme:ijppmp:v:56:y:2007:i:4:p:285-304
    DOI: 10.1108/17410400710745315
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    Citations

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    Cited by:

    1. S. G. Deshmukh & Abid Haleem, 2020. "Framework for Manufacturing in Post-COVID-19 World Order: An Indian Perspective," International Journal of Global Business and Competitiveness, Springer, vol. 15(1), pages 49-60, June.
    2. Marieme Chouki & Mohamed Talea & Chafik Okar & Razane Chroqui, 2020. "Barriers to Information Technology Adoption Within Small and Medium Enterprises: A Systematic Literature Review," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 17(01), pages 1-42, February.
    3. Nina Edh Mirzaei & Per Hilletofth & Rudrajeet Pal, 2021. "Challenges to competitive manufacturing in high-cost environments: checklist and insights from Swedish manufacturing firms," Operations Management Research, Springer, vol. 14(3), pages 272-292, December.
    4. Rajesh Katiyar & M. K. Barua & Purushottam L. Meena, 2018. "Analysing the Interactions Among the Barriers of Supply Chain Performance Measurement: An ISM with Fuzzy MICMAC Approach," Global Business Review, International Management Institute, vol. 19(1), pages 48-68, February.
    5. J. Vineesh Prakash & D. K. Nauriyal, 2020. "Automotive Components Industry and Profitability Factors: Evidence from India," Vision, , vol. 25(2), pages 209-223, June.
    6. Rajesh K. Singh, 2013. "Analyzing the Factors for VMI Implementation: A Framework," Global Business Review, International Management Institute, vol. 14(1), pages 169-186, February.
    7. Bhupender Singh & Sandeep Grover & Vikram Singh, 2017. "A benchmarking model for Indian service industries using MICMAC and WISM approach," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 8(2), pages 1266-1281, November.
    8. Veronika Bumberová & Vojtěch Koráb, 2013. "Empirical development taxonomy of micro, small and medium-sized enterprises in South Moravian Region," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(7), pages 2021-2031.
    9. Danijela Stošić Panić, 2019. "The Strategic Choices Of Serbian Entrepreneurs: Are They Entrepreneurially Oriented And Do They Differ By Gender?," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(222), pages 147-172, July – Se.
    10. Shivakumar S. Malagihal, 2021. "Strategic Options for Automobile OEMs of Indian Origin to have Sustained Competitive Advantage: A Case of Tata Motors," International Journal of Global Business and Competitiveness, Springer, vol. 16(2), pages 139-152, December.
    11. Kanwar Sunil & Hall Bronwyn H., 2017. "The Market Value of R&D in Emerging Economies: Evidence from India," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(1), pages 1-22, February.
    12. Joshi, Deepika & Nepal, Bimal & Rathore, Ajay Pal Singh & Sharma, Dipti, 2013. "On supply chain competitiveness of Indian automotive component manufacturing industry," International Journal of Production Economics, Elsevier, vol. 143(1), pages 151-161.
    13. S. G. Deshmukh & Abid Haleem, 0. "Framework for Manufacturing in Post-COVID-19 World Order: An Indian Perspective," International Journal of Global Business and Competitiveness, Springer, vol. 0, pages 1-12.

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