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Management Assignment: Effective Decision Making Annotated Bibliography

Question

Task 1 : Identify five (5) journal articles that match the first five topics of this unit
That is, you must find one journal article per topic

  1. Organisational structures or governance,
  2. Environmental forces,
  3. Risks confronting the firm,
  4. Organisation and business practices, and
  5. The functions of diverse firms.

2. Write a short 150 word introduction discussing why the contextual factors are important to organisational decision making. The introduction is 150 words in total not 150 words per article.

3. Write approximately 250 words per journal article that:

  1. Defines the main contextual factor being discussed in the journal article,
  2. Discusses the new findings in relation to the contextual factor, and
  3. Highlights what these findings mean for managers in organisations.

4. Write a short 200 word conclusion recommending one specific contextual factor as most important to CQUniversity’s organisational performance. Explain your reasoning.

5. Write a reference list correctly

  • It must use the APA referencing style
  • Each reference appears before each annotated bibliography
  • It has a hanging indentation
  • There are specific fonts and formatting that must be used:

Derouiche, I., Hassan, M., & Amdouni, S. (2018). Ownership structure and investment-cash flow sensitivity. Journal of Management & Governance, 22(1), 31-54. DOI: 10.1007/s10997-017-9380-x

Answer

Introduction
Discussion on the factors of organizational decision making has clearly focused on the organizational factors that can make a critical understanding about the organizational surrounding. This study has made a detailed analysis that highlights the necessary factors in order to get an idea about progressing in business. There are five tools of organizational management investigated on the Management Assignment on which the study has focused and selected relevant journals in order to provide effective analysis on the matters. All of those factors organized sequentially in order to evaluate the insight of from those findings. Initially, the study has focused on the organizational structure and governance that defines a complete understanding about internal governance on a particular firm. Next the focus shifts on the forces including both external and internal factors. Risks are necessary to be discussed in order to plan on business purpose and proceeds with it. After confronting risks there are discussions on business conduction properly in order to access a fruitful outcome. In the fifth journal there are discussions on various functions of firm.

a. Organizational structure and governance
Herepath, A. (2014). In the loop: A realist approach to structure and agency in the practice of strategy. Organization Studies, 35(6), 857. doi: http://journals.sagepub.com/doi/pdf/10.1177/0170840613509918

The principal factor discussed in this journal article is organizational structure and governance. The author applies a new and realistic approach in the practice of strategy. In combining the strategic approaches the journal has mainly focused on structure, culture and agency. The aim of the journal is to evaluate a compatible work environment with Archer’s realist social theory to work with reflective actions, theoretical innovation and strategy based practice.

The new findings that can be accessed from this journal are to understand the links between macro societal phenomena and micro managerial actions. Strategy as practice is another major approach that can help to emerge practice based thinking in workplace. These findings can be considered as an innovative way to uphold the existing organizational practices and transfer it in a compatible way of work. The objective to focus on strategy is suggested to be a practice more than a managerial thinking (Herepath, 2014).

These findings put a great value regarding to the question of workers’ efficiency and skill. For example, if a manager of an organization can influence its workers to upgrade their skills and work quality it will be a major contributing factor for enhancing the business opportunity. Moreover, the policy of strategic thinking accessed as a practice in an organization defines a managerial success. Thus, it interprets workers are much skilled to modify the process of working and collaborate to complete the task and meet the project aim. Differentiation in organizational structure can approach various business conditions and provide separate actions.

b. Environmental forces
Kim, G., & Huh, M. (2015). Exploration and organizational longevity: The moderating role of strategy and environment. Asia Pacific Journal of Management, 32(2), 389-414. doi:http://dx.doi.org/10.1007/s10490-014-9399-3

This journal has inquired about the effects of exploration and exploitation on the long term existence of a business firm. In this section the authors have focused on the moderating role of strategy and environment in the business. In explaining the external environment, it is necessary to understand the factors that can help or create barriers on the work process. As suggested by George et al. (2016), there are different influences such as political, legal, economical which provide impact on business process. Moreover, the internal strengths and weakness can be considered as internal forces.

Most important discussion in this part is about to maintain organizational balance which has been affected by the environmental contexts. Conceptualizing the terms of exploratory innovation the analysis has gone through the discussion about moderating effects of competitive strategy. There are several findings regarding understanding of organization performance to make a proper balance with dynamic environmental relationship (Kim & Huh, 2015).

In this section the managerial approaches have a huge effect on the business enhancement that has been explained with contemporary Management Assignment theory. A sole trader needs to acquire detail findings about the factors that are related with business. In this section, the duty of a manager is to use the sources for a better outcome of venture and mitigate the impact of negative factors as much as possible. Longevity of a venture can enhance only when a firm can set its resources properly and use it for beneficial purposes. These can be done with effective decision making that is the duty of a manager.

c. Risk confronting
Bai, X., & Chang, J. (2015). Corporate social responsibility and firm performance: The mediating role of marketing competence and the moderating role of market environment. Asia Pacific Journal of Management, 32(2), 505-530. doi:http://dx.doi.org/10.1007/s10490-015-9409-0

This journal has identified such sections that are clearly evaluating factors related with challenges and risks at the time of conducting a business. Beginning with economical development and market competence, the authors have reached to the extending perspectives of firm performance. With the help of institutional theory and stakeholder’s theory, a multi dimensional view has been provided on the business responsibility of a firm. According to the scholars, strengths and positive effects are the common examples that help a firm to face several risks and overcome it.

Key findings are about the measures of facing risks and overcome it effectively. A firm needs to find out its strengths as well as weaknesses in order to come out from the drawbacks. As described in this article, there are multiple reasons behind risks that can be considered as weakening factors. For example, low employee retention, irregular supply of resource, legal barriers are among those factors. In such a consequence a firm needs to identify its strengths or the sources that can provide it numbers of opportunity (Bai & Chang, 2015).

Managers need to make a complete understanding about these factors as they are responsible with the betterment firm performance. There are several discussions on Corporate social responsibility (CSR) with which the scholars have shown a way to make strengths for business. The effect of CSR activity can be a major tool to continue marketing competence and enhance market turbulence. Moreover, it can help to control the risks of internal and external influence. For example, a firm can collaborate with governmental ventures in order to access the opportunity of accessing regular resources.

d. Organization and business practice
Ansari, S., Reinecke, J., & Spaan, A. (2014). How are practices made to vary? managing practice adaptation in a multinational corporation. Organization Studies, 35(9), 1313. doi: http://journals.sagepub.com/doi/pdf/10.1177/0170840613509918

This article has provided detailing on business and organizational practices. There is an implication on managing practices that can be best facilitated with a multinational corporation. It has found out the differentiated way with which a Management Assignment management can adopt management practice and control it effectively. The aim of this article is to meet a competitive excellence. Based on the grounded theory, institutionalization theory the content has merged to meet the excellence about the understanding of organizational practices.

As suggested by the scholar, a firm can meet the complete development only with the help of continuous development approach. In contrary to this statement Buckley & Boddewyn (2015) analyzed it is more important to understand the impact of social aspects as societal failure and failure to meet the requirements of customers cannot help in business practice. Adaptation of specialized quality Management Assignment practice is a much necessary organizational practice needs (Ansari, Reinecke & Spaan, 2014).

In this part the findings are completely related with managerial excellence. As the scholars has researched on the management practices that can be implied as ‘made to fit’. For example, different ventures require a compatible managerial understanding that is applicable only for that work process. Adoption of quality management practice can manage corporate process along with improving the core practices in business context. Increasing employee engagement can enhance the performance of a business and managers should focus that they can successfully approach employees to meet the objectives. Appropriate business practice can help to increase productivity and profitability along with customer satisfaction.

e. Functions of diverse firms
Miller, D., Merrilees, B., & Yakimova, R. (2014). Corporate rebranding: An integrative review of major enablers and barriers to the rebranding process.International Journal of Management Reviews, 16(3), 265-289. doi:http://dx.doi.org/10.1111/ijmr.12020

This journal consisted of the field of corporate rebranding along with major enablers and barriers for the rebranding process. This Management Assignment consists of descriptive studies that are collected from diverse context. Diverse theoretical perspectives have completely managed to bring an overview on differentiation of work process in different firms. The aim of this article is to provide the view on multi requirement of business culture and successful corporate understanding.

The key findings in this case are that business functions differ according to the role of the venture. In this perspective maintain the climate of reliability and inclusion of relevant perceptions are most important among all. Apart from working in diverse cultural and functional circumstances, there are also ethical differences present in most of the multinational firms. The study has enhanced the needs to keep and maintain a balance among all. Diversity provides a great opportunity to flourish with different resources whereas; failure to control diversity can hold back the success (Miller, Merrilees & Yakimova, 2014).

In this part, the findings are truly helpful to managers as it can suggest about recognizing and controlling of the most critical issue. Initially a firm needs to verify the needs of the stakeholders and work accordingly as they can fulfill the expectations. It implies that managers needs to carry out an equal perception for all fields as each of the workers can access equal opportunity to use own skills. Leadership and coordination are most important two factors that enable managers to use their skills for successful approach on the subordinate departments.

Conclusion
The study has focused to make a detail analysis on the organizational management factors that are most needed criterion to fulfill expectations of the firm within a particular time. As in the above parts there are five different articles based on organizational factors which have evaluated several fields in business performance. Organizational structure and governance have applied the idea that workers need to utilize properly. Hierarchical, co operational structures can help to meet the objectives of the firm with following the instructions. Next the study has managed to evaluate different environmental sources and risks. Along with external and internal factors a business house requires to develop its strength as it can overcome the barriers. In this section the study has evaluated the needs of managerial decisions as it can approach business practices most.

The contextual factors are equally important to fulfill business expectation whereas organization and business practices are the most important. Organizational practice is an effective tool that can control, help and precede the other objectives. Instead of a good practice and behavior of managers, workers cannot understand their role and responsibility to meet the needs. Internal culture and work ethics can help to fulfill the objectives of a firm even in an adverse circumstance. Finally, the Management Assignment has explored factor with on which entire practices depend to progress in future aspect.

Reference list
Ansari, S., Reinecke, J., & Spaan, A. (2014). How are practices made to vary? managing practice adaptation in a multinational corporation. Organization Studies, 35(9), 1313. doi: http://journals.sagepub.com/doi/pdf/10.1177/0170840613509918

Bai, X., & Chang, J. (2015). Corporate social responsibility and firm performance: The mediating role of marketing competence and the moderating role of market environment. Asia Pacific Journal of Management, 32(2), 505-530. doi:http://dx.doi.org/10.1007/s10490-015-9409-0

Buckley, O., P., & Boddewyn, J. J. (2015). The internalization of societal failures by multinational enterprises. Multinational Business Review, 23(3), 170-187. doi: https://search.proquest.com/docview/1710914092?accountid=188056

George, G., Howard-Grenville, J., Joshi, A., & Tihanyi, L. (2016). Understanding and tackling societal grand challenges through management research.Academy of Management Journal, 59(6), 1880. doi:https://search.proquest.com/docview/1905751933?accountid=188056

Herepath, A. (2014). In the loop: A realist approach to structure and agency in the practice of strategy. Organization Studies, 35(6), 857. doi: http://journals.sagepub.com/doi/pdf/10.1177/0170840613509918

Kim, G., & Huh, M. (2015). Exploration and organizational longevity: The moderating role of strategy and environment. Asia Pacific Journal of Management, 32(2), 389-414. doi:http://dx.doi.org/10.1007/s10490-014-9399-3

Miller, D., Merrilees, B., & Yakimova, R. (2014). Corporate rebranding: An integrative review of major enablers and barriers to the rebranding process.International Journal of Management Reviews, 16(3), 265-289. doi:http://dx.doi.org/10.1111/ijmr.12020

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