MGMT20144 | Management and Business | An Annotated Article Review

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Task 1

Identify five (5) journal articles that is, you must find one journal article per topic:

Organisational structures or governance,

Environmental forces,

Risks confronting the firm,

Organisation and business practices, and

The functions of diverse firms.

Task 2

1. Write a short introduction discussing why the contextual factors are important to organisational decision making.

2. Write journal article that:

a. Defines the main contextual factor being discussed in the journal article,

b. Discusses the new findings in relation to the contextual factor, and

c. Highlights what these findings mean for managers in organisations.

Answer:

The organizational decision making refers to the various decisions that are undertaken by the concerned management of an organization in order to deal with the various factors that are related to the overall development within any given organization. The overall performance of the organization is observed to have been influenced by the various decisions that have been undertaken by the concerned management of the organization. The various factors that might be influenced by the decisions that have been undertaken by the concerned organization refer to the various contextual factors that are related to the matters that pertain to the structure of the organization, the various environmental forces that have been affecting the overall performance of the organization. The business organization might also be impacted due to the various risks that need to be looked into while making the decisions in the given organizational context. The various practices within the organization as well as the business at large might also be affected by the decisions that have been undertaken by the management of the concerned organization. The diversity of the various organizations that have been functioning within the same industry or market might also have an effect on the various decisions that have been undertaken by the concerned business organization. The following essay deals with the discussion of the views that have been presented by the various eminent authors and experts in the matters that pertain to the incorporation of the various contextual factors within the business organization.

Organizational structure

Hoenen, A. K., & Kostova, T. (2015). Utilizing the broader agency perspective for studying headquarters–subsidiary relations in multinational companies. Journal of International Business Studies, 46(1), 104-113. Available at https://doi.org/10.1057/jibs.2014.31

Hoenen and Kostova (2015) in the article entitled “Utilizing the broader agency perspective for studying headquarters–subsidiary relations in multinational companies” tends to deal with a section of the conditions that are associated with the structure within an organization. The authors argue that the structure of the organizations in the recent times play a huge role in the matters that influence the various decisions that are undertaken by the concerned management within the given organization. The structure of the organization refers to the hierarchy that is maintained within the organization as well as the spread of the organization all over the global market. The concerned article deals with the relationship that is shared among the headquarters of the concerned organization and the various subsidiaries of the same organization that might have been spread all over the global market. The authors tend to argue that the management must look into the various matters that pertain to the relationship that exists among the subsidiary locations and the headquarters of the organization. The article attempts to help the concerned managerial staff of the organization to deal with the various matters that pertain to the miscommunication among the various members of the organization. The managerial staff of the organization might be advised to look into the matters that might be affected by the decision-making of the concerned management of the organization.

Environmental forces

Marano, V., & Kostova, T. (2016). Unpacking the institutional complexity in adoption of CSR practices in multinational enterprises. Journal of Management Studies, 53(1), 28-54. Available at https://doi.org/10.1111/joms.12124

Marano and Kostova (2016) in the article entitled “Unpacking the institutional complexity in adoption of CSR practices in multinational enterprises” discusses the matters that pertain to the effect of the various environmental forces on the organizational decision making. The various environmental forces that have been affecting the various organizations pertain to the political factors, the economic factors, the social and the cultural factors that might have been affecting an organization. The authors argue that the corporate social responsibility of the concerned firm is at times affected by the environmental conditions wherein the concerned firm might have been operating. The authors tend to argue that the various environmental forces that might be affecting the firm include the various factors like the dependency of the economic conditions of the concerned firm on the conditions of the country as well as the various factors that are related to the heterogeneity that needs to be maintained among the institutional forces that are functional within the transnational field of the concerned firm. The authors further keep in mind the various factors that are related to the various economic linkages that are related to the concerned business organizations in discussion. The authors of the concerned article in discussion attempt to help the concerned managerial staff of the organization to deal with the various factors that pertain to the influence of the concerned environmental forces within the concerned organization. The article further attempts to provide the concerned management of the organization with the ways to deal with the various factors that might consider the matters that pertain to the external environment of the organization and the various factors that are related to the concerned political, social, legal and the economic environment wherein the company has been functioning.

Risks confronting the firm

Trigeorgis, L., & Reuer, J. J. (2017). Real options theory in strategic management. Strategic Management Journal, 38(1), 42-63. Available at https://doi.org/10.1002/smj.2593

Trigeorgis and Reuer (2017) in the article entitled “Real options theory in strategic management” deals with the various factors that pertain to the various risks that might be involved in the operations of the various business organizations. The authors of the article tend to deal with the various matters that deal with the factors that pertain to the risks faced by the concerned managers in the matters that pertain to the operations of the given business organization within the territorial boundaries of the country wherein the company is functional as well as the matters that pertain to the concerned global market wherein the concerned industry has been featuring. The business organization might also be impacted due to the various risks that need to be looked into while making the decisions in the given organizational context. The various practices within the organization as well as the business at large might also be affected by the decisions that have been undertaken by the management of the concerned organization. The management of the concerned organization might find assistance in the matters that pertain to the risks that might be confronted by the concerned firm in the matters that pertain to the dealings with both the internal as well as the external factors that might have been influencing the concerned firm.

Organization and business practices

Aykol, B., & Leonidou, L. C. (2015). Researching the green practices of smaller service firms: A theoretical, methodological, and empirical assessment. Journal of Small Business Management, 53(4), 1264-1288. Available at https://doi.org/10.1111/jsbm.12118

Aykol and Leonidou (2015), in the article entitled “Researching the green practices of smaller service firms: A theoretical, methodological, and empirical assessment” discusses the various matters that are pertaining to the matters that are related to the factors like the several practices that are undertaken by the numerous business organizations that have been functioning within the concerned industry. The authors tend to argue that the concerned members of the workforce of the firm might essentially abide by the numerous matters pertaining to the organizational practices within the concerned business organization. The authors argue that these practices might affect the motivation that should be gained by the members of the workforce of the concerned organization. The management of the organization might need to look into the ethical factors that are involved within the concerned functions that have been taking place within the business given company. The management might be recommended to consider the factors that are related to the matters pertaining to the various practices within the given organization as well as the various businesses wherein the given business organization might be involved. The other factors that need to be considered by the management of the concerned organization deal with the factors that are observed to be related to the ethical practices that have been accepted by the concerned business organization. The dealings of the management regarding the promotion of the various ethical practices within the given company might help in the maintenance of the harmony among the various employees thereby assisting the improvement within the overall growth of the company.

The functions of diverse firms

Kortmann, S., & Piller, F. (2016). Open business models and closed-loop value chains: Redefining the firm-consumer relationship. California Management Review, 58(3), 88-108. Available at https://doi.org/10.1525/cmr.2016.58.3.88

Kortmann and Piller (2016) in the article entitled “Open business models and closed-loop value chains: Redefining the firm-consumer relationship” attempts a discussion on the functions that have been undertaken by the concerned business organization. The diversity of the various organizations that have been functioning within the same industry or market might also have an effect on the various decisions that have been undertaken by the concerned business organization. The various factors that are related to the diversity maintained within the several business firms are related to the matters that pertain to the diversity in the functionalities of the firm based on the various environments wherein the concerned firms might have been functioning. The concerned article tends to focus more on the matters pertaining to the diversified functions of the departments within the given business organization. The management of the concerned business organization might be advised to deal with the matters pertaining to the various diversifications within the concerned organizations within the concerned market. This might in turn help in the matters that pertain to the factors that are related to the behavior depicted by the stakeholders of the concerned organization which in turn might affect the overall competitive advantage of the concerned organization in discussion.

Organizational Performance of CQUniversity

The organization in discussion, CQUniversity, might be advised to deal with the matters that pertain to the various environmental forces that might have been affecting the concerned organization. This might help the CQUniversity to make enhancements in the matters that pertain to the overall organizational performance of the esteemed university in Australia. The various environmental forces that have been affecting CQUniversity pertain to the political factors, the economic factors, the social and the cultural factors that might have been affecting an organization. The corporate social responsibility of the CQUniversity is at times affected by the environmental conditions wherein the educational institution might have been operating, the Australian territorial boundaries in this case. The various environmental forces that might be affecting CQUniversity include the factors like the dependency of the economic conditions of the CQUniversity on the conditions of the country as well as the various factors that are related to the heterogeneity that needs to be maintained among the institutional forces that are functional within the transnational field of the concerned firm in discussion, CQUniversity.

References

Trigeorgis, L., & Reuer, J. J. (2017). Real options theory in strategic management. Strategic Management Journal, 38(1), 42-63. Available at https://doi.org/10.1002/smj.2593

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