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Shipping companiesí resilience: the influence of modularity and response diversity

Citation

Bhaskar, P and Cahoon, S and Chen, S-L, Shipping companies' resilience: the influence of modularity and response diversity, Proceedings of 4th Belt and Road Initiative Conference 2019, 1-3 August 2019, Bangkok, Thailand, pp. 1-15. (2019) [Refereed Conference Paper]


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Official URL: https://bri2019.acc.chula.ac.th/

Abstract

The notion of organisational resilience provides a way to conceptualise desirable organisational performance when a shipping company is confronted by unexpected and unforeseen disruptions to its business. Due to uncertainty and surprise created by complex interactions among entities that constitute a shipping company and its environment, it may be difficult to foresee, and therefore prepare the company to withstand, all types of possible disruptions. Literature pertaining to complex adaptive systems (CAS) suggests that the extent of modularity and response diversity present in a system may influence the scale of impact of disruption on the system. However, there is paucity of empirical evidence to suggest how, and if, the concepts of modularity and response diversity can be applied to shipping companies. Based upon 30 interviews of senior managers of shipping companies operating in Australia, this study suggests that shipping companies with less modularity are more vulnerable to disruptions than those with greater modularity. Similarly, a high response diversity means that a shipping company has more choices in the way it responds to a disruption - potentially avoiding or limiting the impact. However, both modularity and response diversity are contextual; that is, a shipping company may exhibit different levels of modularity and response diversity under different circumstances.

Item Details

Item Type:Refereed Conference Paper
Keywords:organisational resilience, disruptions, shipping companies, modularity, response diversity
Research Division:Commerce, Management, Tourism and Services
Research Group:Transportation and Freight Services
Research Field:Transportation and Freight Services not elsewhere classified
Objective Division:Transport
Objective Group:Other Transport
Objective Field:Transport not elsewhere classified
UTAS Author:Bhaskar, P (Associate Professor Prashant Bhaskar)
UTAS Author:Cahoon, S (Associate Professor Stephen Cahoon)
UTAS Author:Chen, S-L (Associate Professor Peggy Chen)
ID Code:134533
Year Published:2019
Deposited By:Seafaring
Deposited On:2019-08-16
Last Modified:2019-09-06
Downloads:0

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