Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin

Market erosion and maladaptive management decisions have been the causes for declining financial performance of firms at some point of the organizational life cycle, which resulted to a situation of organizational decline. In this context, this research was undertaken to examine the causes of corpo...

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Main Author:	Hasin, Hanafiah
Format:	Thesis
Language:	English
Published:	2013
Subjects:	Management. Industrial Management Office management
Online Access:	http://ir.uitm.edu.my/id/eprint/15177/ http://ir.uitm.edu.my/id/eprint/15177/1/TP_HANAFIAH%20HASIN%20AC%2013_5.pdf

id	uitm-15177
recordtype	eprints
spelling	uitm-151772016-10-25T09:25:27Z http://ir.uitm.edu.my/id/eprint/15177/ Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin Hasin, Hanafiah Management. Industrial Management Office management Market erosion and maladaptive management decisions have been the causes for declining financial performance of firms at some point of the organizational life cycle, which resulted to a situation of organizational decline. In this context, this research was undertaken to examine the causes of corporate decline and the strategies that could be employed to turnaround the organizations. Exploring the role and utility of management accounting practices as effective organizational strategies to face the challenges of decline is the central focus of the study. A research design of a review of the relevant literature, followed by a quantitative survey among Malaysian companies, which have experienced organizational decline and the case study of the management accounting practices of Lighting Company in Malaysia was adopted to achieve the objectives of the study. Based on the review of the literature the study concludes that internal organizational factors as compared external environmental factors are more responsible for causing organizational decline. The findings from the survey reveal that internal organizational factors like poor management and high cost structure are the main causes of decline. Inadequate control, macroeconomic factor like inflation, product competition and high overhead costs were the other causes found by the study, which may lead organizations to the decline stage. The study concludes that improvements in planning, change in the top management, strengthening financial control and cost cutting and improved marketing strategies are some of the management, cutback and growth and restructuring strategies for turning around a company from the decline stage. Based on the case study of the chosen organization, the study suggests the utility of management accounting practices such as financial planning, standard costing, inventory modeling and capital investment analysis as corporate turnaround strategies 2013 Thesis NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/15177/1/TP_HANAFIAH%20HASIN%20AC%2013_5.pdf Hasin, Hanafiah (2013) Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin. PhD thesis, Universiti Teknologi MARA.
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Management. Industrial Management Office management
spellingShingle	Management. Industrial Management Office management Hasin, Hanafiah Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin
description	Market erosion and maladaptive management decisions have been the causes for declining financial performance of firms at some point of the organizational life cycle, which resulted to a situation of organizational decline. In this context, this research was undertaken to examine the causes of corporate decline and the strategies that could be employed to turnaround the organizations. Exploring the role and utility of management accounting practices as effective organizational strategies to face the challenges of decline is the central focus of the study. A research design of a review of the relevant literature, followed by a quantitative survey among Malaysian companies, which have experienced organizational decline and the case study of the management accounting practices of Lighting Company in Malaysia was adopted to achieve the objectives of the study. Based on the review of the literature the study concludes that internal organizational factors as compared external environmental factors are more responsible for causing organizational decline. The findings from the survey reveal that internal organizational factors like poor management and high cost structure are the main causes of decline. Inadequate control, macroeconomic factor like inflation, product competition and high overhead costs were the other causes found by the study, which may lead organizations to the decline stage. The study concludes that improvements in planning, change in the top management, strengthening financial control and cost cutting and improved marketing strategies are some of the management, cutback and growth and restructuring strategies for turning around a company from the decline stage. Based on the case study of the chosen organization, the study suggests the utility of management accounting practices such as financial planning, standard costing, inventory modeling and capital investment analysis as corporate turnaround strategies
format	Thesis
author	Hasin, Hanafiah
author_facet	Hasin, Hanafiah
author_sort	Hasin, Hanafiah
title	Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin
title_short	Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin
title_full	Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin
title_fullStr	Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin
title_full_unstemmed	Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin
title_sort	corporate turnaround strategies and management accounting reorientation of malaysian companies / hanafiah hasin
publishDate	2013
url	http://ir.uitm.edu.my/id/eprint/15177/ http://ir.uitm.edu.my/id/eprint/15177/1/TP_HANAFIAH%20HASIN%20AC%2013_5.pdf
first_indexed	2023-09-18T22:53:16Z
last_indexed	2023-09-18T22:53:16Z
_version_	1777417686310977536

Corporate turnaround strategies and management accounting reorientation of Malaysian companies / Hanafiah Hasin

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