Masterarbeit, 2020
90 Seiten, Note: 110/110 with honours
1 INTRODUCTION
1.1 OVERVIEW
1.2 RESEARCH PURPOSE
1.3 SIGNIFICANCE OF THE STUDY
1.4 RESEARCH OBJECTIVE
1.5 STRUCTURE OF THE STUDY
2 METHODOLOGY AND RESEARCH DESIGN
2.1 OVERVIEW
2.2 RESEARCH PHILOSOPHY AND APPROACH
2.3 RESEARCH STRATEGY
2.3.1 Strategy
2.3.2 Choice
2.3.3 Time Horizon
2.4 DATA COLLECTION
2.4.1 Interview protocol
2.4.2 Primary data-set
2.4.3 Secondary Data
2.4.4 Sources
2.4.5 Access and Ethical Issues
2.5 CONCLUSION
3 LITERATURE REVIEW
3.1 OVERVIEW
3.2 EVOLUTION THEORY
3.3 APPROACH TO EXOGENOUS CRISIS
3.4 EXPLORATION VS. EXPLOITATION STRATEGIES
3.5 KEY CAPABILITIES
3.6 CONCEPTUAL FRAMEWORK
3.7 CONCLUSION
4 ANALYSIS
4.1 OVERVIEW
4.2 CANONS AND PROCEDURE
4.3 CODING PROCESS
4.3.1 First Order Coding
4.3.2 Second Order Coding
4.3.3 Theoretical categories and data structure
4.4 CONCLUSION
5 PRESENTATION AND DISCUSSION OF THE FINDINGS
5.1 OVERVIEW
5.2 GROUNDED MODEL
5.3 FINDINGS
5.3.1 Rationale of the reconversion process
5.3.2 Opportunities and organizational changes for the reconversion process
5.3.3 Key Factors of the reconversion process
5.3.4 Adaptive capacity of the industry
5.3.5 Circular Economy implementation
5.4 DISCUSSION
5.5 CONCLUSION
6 CONCLUDING THOUGHTS ON THE CONTRIBUTION OF THIS RESEARCH, ITS LIMITATIONS AND SUGGESTIONS FOR FURTHER RESEARCH
6.1 OVERVIEW
6.2 IMPLICATIONS OF FINDINGS FOR THE RESEARCH QUESTIONS
6.3 CONTRIBUTIONS AND LIMITATIONS OF THE RESEARCH
6.4 RECOMMENDATIONS FOR FUTURE RESEARCH
6.5 FINAL CONCLUSION AND REFLECTIONS
This research aims to explain how companies within the Italian fashion and textile industry responded to the exogenous crisis caused by the COVID-19 pandemic. The central research question explores the processes of industrial reconversion, specifically how firms managed the shift to producing healthcare devices, the rationale behind this transformation, and the resulting organizational and strategic adaptations.
3.2 Evolution Theory
To understand the opportunities and the challenges that can be generated by an exogenous event, it is easier to start from what human nature really is. As a matter of fact, firms can be viewed as people that periodically organize and then modify their strategies to adapt to external and internal changes. In orthodox theory, firms are viewed as agents operating according to a set of decision rules that decide what they do as a function of external (market) and internal (such as available capital stock) conditions (Nelson, Winter, 1982). Doing so, firms can take advantage of their capabilities and they can reach good revenues, obtaining a competitive benefit over time. Moreover, opportunities can be discovered understanding how to start new strategies to enter a new market with the same product or with a new one, that can be correlated or not with the former one. This can represent an opportunity during a crisis.
Since Darwin (1859) and Wallace (1870), we know that species originate and evolve as a result of surrounding changes, trying to fit the best they can in order to survive in a constantly changing environment. The adaption allows species to survive and to secure a space in the reference area. Darwin’s theory of evolution (1859) has the merit of having emphasized that species take their origin regardless of the environment, but once they come to life they are selected by it. Thus, the evolution is directed to natural selection but proceeds in a casual way.
In an economic perspective, we can connect Darwin and Wallace’s theory of evolution to the concept of competitive advantages that firms try to achieve, developing new products and adapting their strategies to changes in the environment. In this context, often we found two types of actors. The first one undergoes change and lives it as an ex extraordinary event that depends on external forces, requiring special tools to survive. The second one, instead, takes advantage of change and build on it differential revenues on internal and external competitors (Costa, 2007, p.101).
1 INTRODUCTION: Outlines the research rationale, objectives, and significance in the context of the COVID-19 pandemic's impact on the Italian fashion and textile industry.
2 METHODOLOGY AND RESEARCH DESIGN: Details the qualitative research approach, the use of semi-structured interviews, and the data collection process including primary and secondary sources.
3 LITERATURE REVIEW: Explores theoretical frameworks including evolution theory, Schumpeterian creative destruction, crisis management, and dynamic capabilities.
4 ANALYSIS: Explains the coding methodology applied to primary and secondary data to transform raw information into thematic insights and theoretical categories.
5 PRESENTATION AND DISCUSSION OF THE FINDINGS: Presents and discusses the research findings, verifying them against the theoretical framework and secondary data to answer the core research questions.
6 CONCLUDING THOUGHTS ON THE CONTRIBUTION OF THIS RESEARCH, ITS LIMITATIONS AND SUGGESTIONS FOR FURTHER RESEARCH: Summarizes the contributions, highlights research limitations, and provides recommendations for future academic study and professional practice.
COVID-19, Fashion Industry, Textile Industry, Reconversion, Crisis Management, Dynamic Capabilities, Creative Destruction, Strategic Adaptation, Supply Chain, Organizational Change, Innovation, Sustainability, Circular Economy, Qualitative Research, Business Resilience.
The dissertation focuses on how firms within the Italian fashion and textile industry reacted to the exogenous crisis triggered by the COVID-19 pandemic, specifically by reconverting their production lines.
The research examines the rationale for reconversion, the strategic and organizational challenges faced, the critical resources and capabilities utilized, and the long-term impact on the industry.
The primary question is: "How do companies within an industry react to an exogenous crisis?"
The author uses a qualitative research methodology, conducting semi-structured interviews with CEOs and managers of eight companies, supplemented by a secondary dataset of twelve web-based interviews.
The work covers theoretical literature on organizational evolution and crisis management, detailed research design and data collection processes, and an analysis of how the surveyed firms implemented their reconversion strategies.
The research is characterized by terms such as crisis management, industrial reconversion, dynamic capabilities, creative destruction, and business resilience in the fashion and textile sector.
The "4U" guidelines were research objectives established to assess whether reconversion was driven by necessity or social responsibility, to analyze management strategies, to identify success factors, and to forecast future industry changes.
Circular economy implementation emerged as a key theme, specifically regarding the production of recyclable face-masks and the utilization of industrial waste from standard textile production.
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