Estimating consultant engagement in the corporate lifecycle: study of the bias in South Eastern Europe
Journal Title: Management: Journal of Sustainable Business and Management Solutions in Emerging Economies - Year 2017, Vol 22, Issue 2
Abstract
This paper surveys perception bias regarding the timing of proactive consultant engagement. It aims to improve efficiency and effectiveness of consultant engagement. Research is based on the primary dataset from South Eastern Europe and secondary dataset which is used for comparison as the real lifecycle phase of consultant engagement. Adizes lifecycle model provided our theoretical framework. After data were checked for normality t-test was used for hypotheses confirmation/rejection. T-test confirmed existence of negative bias in early lifecycle phases, onesample t(118) =-16,232, p = 0.000. Significant differences were found for bias of early phases in organisations founded less than 25 years ago (M= -0.301, SD=0.22) and organisations founded more than 25 years ago (M= -0.396, SD=0.24); t(110)= 2.072, p=0.041; also, absolute bias in organisations founded less than 25 years ago(M=1.32, SD=0.27) and organisations founded more than 25 years ago (M=1.20, SD=0.31) is significantly different t(110)= -2.204, p=0.030. Significant differences were not found between early lifecycle stages bias of consultants (M= -0.374, SD=0.26) and users of consulting services (M -0.368, SD=0.22); t(117)= 0.475, p=0.636 but absolute bias in organisations with less than 25 years of chronological age (M=1.32, SD=0.27) and organisations with more than 25 years of chronological age (M=1.20, SD=0.31) is significantly different t(117)=-1.348, p=0.180. This research finds strong bias in estimation of lifecycle phase as time for engagement of proactive consulting services. The timing for consultant engagement is not often correctly estimated by the users of the service, so those services can be engaged as preventive before issues arise in organisation and become crisis at the tip of the organisational iceberg. Main limitations of our research are that we do not have true random sample and that data is from South Eastern Europe which limits wider generalization.
Authors and Affiliations
Ichak Kalderon Adizes, Dusanka Rodic, Mladen Cudanov
Keywords
Related Articles
- EP ID EP507063
- DOI 10.7595/management.fon.2017.0015
- Views 70
- Downloads 0
Consumer Ethnocentrism – Marketing Challenge for Companies: The Case of Serbia
Research Question: This paper examines consumer ethnocentrism (CE) as marketing challenge for companies. Motivation: The purpose of the paper is to examine the antecedents and consequences of CE, who high-ethnocentric co...
Impact of Leadership on Innovation: Evidence from the Hotel Industry
Research Question: The paper investigated a relationship between innovation and transformational/transactional leadership, as well as the impact of these two leadership styles on innovation. Motivation: As there are smal...
What Do Freshmen Want? Career Path Preferences Among Students
This study assessed the possible relation between life goal aspiration/orientation, department affiliation, gender and career path preferences. For this study we used data from 364 freshmen from the Faculty of Organizati...
The Influence of advertising media on brand awareness
In modern business conditions, the company sends its promotional message through various instruments of promotion, and therefore the different media. One of the instruments of promotion is economic propaganda (advertisin...
What is the Real State of Financial Management in Companies in the Republic of Serbia?
Abstract: Research Question:This paper focuses on the basic financial decision making practices of domestic companies and their knowledge of the operational risk management concept. Motivation:Chief Financial Officers (C...