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Management Styles and Organisational Effectiveness in Vietnam: A Comparison in Terms of Management Practices between State-owned and Foreign Enterprises

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  • Nhu-Ty Nguyen
  • Thanh-Tuyen Tran
  • Chia-Nan Wang

Abstract

Human capital initiatives play a vital role in resolving the most pressing business challenges. The effective management of human poses new challenges in the organization for leadership and managerial capabilities. The current study aims to analyze the factors that are closely associated with employee satisfaction in both Vietnamese state-owned enterprise and foreign-owned enterprise in order to understand the difference of management practices. The response was taken from a sample of 250 respondents in either two types of business and the data are carried out by using multiple statistical analyses, including exploratory factor analysis, reliability test, mean point value, and multiple linear regressions. The results indicate that for the state-owned enterprise, recruitment process is the most important factor that helps to improve the satisfaction of employee. Besides, for the foreign-owned enterprise, as the results of the current study, performance appraisal process is the main point to solve employee¡®s problems. The findings also provide useful implications for managers in terms of improving human capital quality, and stabilizing the labor resources and reducing the turnover rate for both state-owned enterprise and foreign-owned enterprises.

Suggested Citation

  • Nhu-Ty Nguyen & Thanh-Tuyen Tran & Chia-Nan Wang, 2015. "Management Styles and Organisational Effectiveness in Vietnam: A Comparison in Terms of Management Practices between State-owned and Foreign Enterprises," Research in World Economy, Research in World Economy, Sciedu Press, vol. 6(1), pages 85-98, March.
    • Handle: RePEc:jfr:rwe111:v:6:y:2015:i:1:p:85-98
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    References listed on IDEAS

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    2. Lai Wang Wang & Thanh Tuyen Tran & Nhu Ty Nguyen, 2014. "Analyzing Factors to Improve Service Quality of Local Specialties Restaurants: A Comparison with Fast Food Restaurants in Southern Vietnam," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(11), pages 1592-1606.
    3. Lai Wang Wang & Thanh Tuyen Tran, 2014. "Analyzing Factors to Improve Service Quality of Local Specialties Restaurants: A Comparison with Fast Food Restaurants in Southern Vietnam," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(11), pages 1592-1606, November.
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    1. Chia-Nan Wang & Dinh-Chien Dang & Nguyen Van Thanh & Pham Ky Quang, 2018. "A Study of Customers¡¯ Behavior in the Use of Pharmaceutical Services ¨C Drugstores in the South of Vietnam," Research in World Economy, Research in World Economy, Sciedu Press, vol. 9(1), pages 1-8, June.
    2. Nguyen Thi Thuy Linh & Teh Choon Jin & Tee Poh Kiong & Benjamin Chan Yin Fah, 2016. "Work-family conflict and employee job satisfaction: A comparison of state-owned and foreign-invested enterprises in Vietnam," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 6(4), pages 63-72, April.
    3. Sorizo, Reena Beth & Densing, Filjhon & Tura, Regine & Balacy, Garnette Mae, 2016. "Characterizing Life Insurance Marketing: Clients' Perspectives," MPRA Paper 74941, University Library of Munich, Germany, revised 17 Nov 2016.

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