Analysis of Factors Influencing Organizational Resilience of Asset-Light Real Estate Development and Management Enterprises Based on ISM-MICMAC

With the adjustment of the Chinese real estate industry, traditional real estate development enterprises are facing tremendous development pressure, which prompting them to engage in asset-light business. To effectively respond to changes in the external environment and maintain a competitive advantage in the face of adversity, enhancing organizational resilience has become a critical strategy for asset-light real estate development and management companies (AREDME). The purpose of this study is to explore the influencing factors of AREDME’s organizational resilience and analyze the mechanism of action among the factors. This study uses a literature review and expert interviews to identify 11 factors influencing organizational resilience in AREDME from three dimensions: environment, organization and individual. A hierarchical structure model of factors influencing organizational resilience in AREDME was constructed using the Interpretive Structural Modeling (ISM) method. The research results show that organizational resources, threat perception and organizational change belong to the direct factors; while organizational learning, organizational culture, organizational strategy, organizational commitment, communication mechanism, and external environment are indirect factors; and leadership and organizational structure are the fundamental factors. In addition, according to the results of Matrix Impact Cross-Reference Multiplication Applied to a Classification (MICMAC), the influencing factors are classified into three categories independent, autonomous and dependent factors based on their dependence and driving force. The research results contribute to the theoretical development of organizational resilience and have important reference value to improve the organizational resilience of AREDME.