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Role of traditional Chinese philosophies and new product development under circular economy in private manufacturing enterprise performance

Subramanian, Nachiappan; Gunasekaran, Angappa; Wu, Lin; Shen, Tinghua; Subramanian, Nachiappan; Gunasekaran, Angappa; Wu, Lin; Shen, Tinghua

Authors

Nachiappan Subramanian

Angappa Gunasekaran

LIN WU LIN.WU@NOTTINGHAM.AC.UK
Assistant Professor in Operatiosmanagement

Tinghua Shen

Nachiappan Subramanian

Angappa Gunasekaran

LIN WU LIN.WU@NOTTINGHAM.AC.UK
Assistant Professor in Operatiosmanagement

Tinghua Shen



Abstract

The new product development (NPD) process–performance link has been sufficiently studied in academic research. However , recent NPD process is significantly different from the conventional NPD specifically with the inclusion of sustainability considerations under circular economy (CE) context. In theory, NPD with CE considerations (CE-NPD), compared with the conventional NPD, is associated with higher costs and longer development times. This study empirically examines the effect of the CE-NPD process on both time-to-market (TTM) and profit performance in the context of Chinese private enterprises. In addition, the role of traditional Chinese philosophies of Confucianism and Taoism in influencing the CE-NPD process– performance link is also investigated. We find that Confucianism positively moderates the relationship between the CE-NPD process and TTM performance. However, it negatively moderates the CE-NPD-profit link. On the other hand, the moderating effect of Taoism is negative on both the CE-NPD-TTM and CE-NPD-profit links. An interesting finding of this study is that the coexistence of Confucian and Taoist values in NPD workers has the strongest positive impact on the relationship between the CE-NPD process and performance. Our study provides insights on the way in which companies should plan to apply Chinese philosophies during the CE-NPD process to maximise the benefits.

Journal Article Type Article
Publication Date Oct 21, 2018
Journal International Journal of Production Research
Print ISSN 0020-7543
Publisher Taylor & Francis
Peer Reviewed Peer Reviewed
Pages pp. 1-17
APA6 Citation Subramanian, N., Gunasekaran, A., Wu, L., Shen, T., Subramanian, N., Gunasekaran, A., …Shen, T. (2018). Role of traditional Chinese philosophies and new product development under circular economy in private manufacturing enterprise performance. International Journal of Production Research, doi:10.1080/00207543.2018.1530467
DOI https://doi.org/10.1080/00207543.2018.1530467
Keywords circular economy; manufacturing strategy; new product development; Confucianism; Taoism; private enter- prises
Publisher URL https://www.tandfonline.com/doi/full/10.1080/00207543.2018.1530467

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