An Investigation of the Perception of Institutionalization in the Furniture and Board Manufacturing Businesses from the Perspective of Managers Before and During the COVID-19 Pandemics
Abstract
The COVID-19 pandemic has affected businesses and business models in different ways across all industries. The forest products industry plays an important role in sustainable development not only with its unique raw material, but also because of the continuing globalization of the industry. This study was carried out in order to compare the institutionalization perceptions of the managers of 106 businesses in the furniture and board manufacturing sectors, most of which are medium-sized and family/personal ownership, before and during the COVID-19 pandemic. While the level of institutionalization perception before and during the COVID-19 pandemic is very close to the medium level in all sub-dimensions and in total, the change in the last four years is significantly lower in all sub-dimensions during the pandemic. This result showed that the COVID-19 pandemic seriously affected the institutionalization processes of the furniture and board manufacturing businesses in terms of consistency, formalization, transparency and accountability. The results of this study revealed that the institutionalization of the furniture and board manufacturing sectors show serious changes according to the changing conditions and it is important for managers to take measures to adapt to these changes, taking into account different crisis scenarios that will result in expansion and recession.
Keywords
Furniture Sector, Board Sector, Institutionalization, COVID-19 Pandemic
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