Annotated Bibliography on Organisation and Business Practices

Running head: ANNOTATED BIBLIOGRAPHY
Annotated Bibliography
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1ANNOTATED BIBLIOGRAPHY
Topic- Organisation and business practices
Mellahi, K., & Harris, L. C. (2016). Response rates in business and management research:
An overview of current practice and suggestions for future direction. British Journal of
Management, 27(2), 426-437.
The article focuses on how managers in a business should shape organization and
strengthen the reputation of the company. Strategies have been laid as to how to implement rules
over the employees.
The business practices have been laid down in the articles which includes self-assessment
in order to indentify weakness and strength, a good team should be present who are responsible,
the competitors and market has to be kept in observation and addressing the cost and price of
materials. A thorough research has been done to determine what are the factors and how a
business gets affected. Suggestions have been made to improve the business practices such as a
person has to be professional in his conduct considering the fact that he is the asset of the
company, knowledge should be gained so that proper decisions are made, market research is very
important. Planning is another important step in structuring a company. the employees should be
aware of the legal awareness. Practices performed are ethics that should be followed to do
efficient actions. The management of each company sets certain ethics which are to be followed
by all. As business develops, it has to adapt according to the new circumstances (Plakoyiannaki
et al 2017). For that purpose, the business has to find and use the ways which are best and will
give profit as the end result. In order to identify the areas which will benefit the company,
methods like information management, quality control and management of stock supply and
delivery can be done. Along with these, efficiency can be improved by using better technologies
for connecting all over the world. IT security is very important to prevent any fraud.

2ANNOTATED BIBLIOGRAPHY
Topic- Functions of diverse firms
Stahl, G. K., & Tung, R. L. (2015). Towards a more balanced treatment of culture in
international business studies: The need for positive cross-cultural scholarship. Journal of
International Business Studies, 46(4), 391-414.
The article focuses on how diverse workforce helps the company to perform financially
well. Companies which have gender, ethnic or racial diversities have more financial returns. This
paper clearly chalks out the benefits of diversity of companies.
Diversity acts as competitive differentiator shifting the shares of market towards companies that
are more diverse. Companies that are diverse in nature are capable of winning better talents and
improve the customer orientation, decision making and increasing returns. In some countries like
U.S.A., ethnic and racial diversity has linear relation with better financial return. When
employees get the feeling of involvement and unity, they tend to participate more and keep
problem-solving approach.(Cumming & Zahra, 2016). Campaigns regarding communication and
training should be done. The companies respond to customers effectively and attract employees
that raises productivity. When there is a rise of 10% in the diversity, a rise of EBIT takes place.
One thing that has been brought to notice is that separate companies deal with separate diversity.
No one company deals with both dimensions. We are all connected in the changing times of
globalization ( Godfrey et al 2016). Hence, companies who take up diversity as an object achieve
better performance. However some problems may occur if there is lack of guidance and proper
monitoring. It causes low productivity and there is a probability for the company to suffer loss.
The company, therefore, should effectively manage according to the changing world. The
findings state that though it is very productive yet issues like differential treatment may arise.