Manufacturing Enterprises Expect Performance Feedback Effect, Product Market Competition And Organizational Redundancy Structure

Which factors affect the structure of organizational slack? What effects will have on the enterprise for the transformation of the structure of organizational slack? Current researches on factors affecting the structure of organizational slack mainly focus on the inner of the enterprise. For the relationship between expected performance feedback effect in manufacturing industry and the structure of organizational slack remain not be researched. Due to good performance feedback effect may enhance the power and ability of enterprises developing technological innovation; further promote managers of enterprises to increase investment in technological innovation elements and improve the structure of organizational slack.So, at a dynasty that manufacturing enterprise is driven by innovation, this paper, based on organizational behavior theory, explores the impact of expected performance feedback effect in manufacturing industry on the structure of organizational slack; Next, this paper further researches the context effects of product market competition and financing constraints using product market theory and financing constraints theory. At last, this paper discusses the impact of the deviation of the structure of organizational slack on the performance. The empirical result based on the panel data from 2001 to 2014 of Chinese listed company indicates:expected performance feedback effect in manufacturing industry has a negative impact on the structure of organizational slack, and product market competition can strengthen the negative influence; in the context of financing constraints, product market competition has an more significant moderating effect; Finally, when the actual structure of organizational slack in manufacturing industry deviates from the standard structure, it will have a unfavorable effect on performance. This study provides a new theoretical interpretation and practical guidance for the academe and the business community to further deepen the understanding and management of the structure of organizational slack.According to the conclusions, there are some implications:On the one hand, manufacturing enterprises should focus on their own situation, and according to the actual situation, go to adjust and improve the structure of organizational slack of enterprises timely and legitimately; On the other hand, in order to avoid the unfavorable effect of the deviation of the actual structure of organizational slack on performance, manufacturing enterprises need to consider the proportion between two kinds of organizational slack in the actual operation process.