Still a family firm after knowledge transformation? Generational change and enterprise development of plastic manufacturing firms in Malaysia

• Main Author: Lee, John Kean Yew
• Format: Article
• Published: Taylor & Francis 2021
• Subjects: HC Economic History and Conditions; Business
• Online Access: http://eprints.um.edu.my/26865/
• Institution: Universiti Malaya

This article focuses the changes in the family firms following the development of knowledge transformation with innovation across generational changes, with specific attention given top plastic manufacturing. The case study method is used to examine the impact of generational tracing by tracing the changes in objective, 3Ms and innovation when the new generation attempts to transform the tacit knowledge of the founder by developing the quality products. The results provide an insight into key changes of 3Ms, concept developed by Alfred Chandler, which refers to a firm's capacity to develop its manufacturing, management and marketing by codifying tacit knowledge and adopting professional management. The changes in the knowledge transformation indicate the cooperative ties with government and MNCs could serve to facilitate enterprise development of plastic manufacturing in Malaysia.