Factors Influencing Managers' Decision Making: An Annotated Bibliography

Running head: ORGANIZATIONAL MANAGEMENT
Organizational Management
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1ORGANISATIONAL MANAGEMENT
Introduction
The purpose of this essay is to analyse five journals of management and business
studies to develop an understanding of the factors, which influence the managers while taking
business decisions. The essay will discuss about five major factors as descripted in the
journals, such as organisational governance, environmental forces of the market, business
risks, organizational practices and diversity, as well as how these factors control the firms’
performance. The essay has been framed in a form of annotated bibliography and analysis
will be done in order to find out new theories on business practices that are influencing the
management of the companies to take pragmatic decisions.
Discussion
Foss, N. J., & Saebi, T. (2017). Fifteen years of research on business model innovation: How
far have we come, and where should we go?. Journal of Management, 43(1), 200-
227.doi/10.1177/0149206316675927.
According to the authors, management scholars have developed the concept of
business model or structure as a tool of innovation. Organisations practice various business
structure to discuss and develop strategic opportunities. BMI (business model innovation) has
become an integral part of management research and it has gained immense popularity as
well among business practitioners. With the help of several business literature the utility of a
particular business structure or model has been evaluated here. This theoretical model works
as backbone behind the process of decision-making rather than a sequence of levels, which
are needed to follow before delivering opinion. Under a certain organisational structure,
initial legitimacy of technological factors are low. However, managers have to be aware of
the limitations and seek for opportunities to make the best use of the structure. Such evolution

2ORGANISATIONAL MANAGEMENT
in organizational structure enables them to handle strategies, e-commerce and technological
issues. Innovation of business model indicates new creative ideas of innovation, which add
dimensions to the prior practiced traditional methods of business process and implementing
innovative strategies. The conclusion has been drawn on the statement that during the last
twenty years business model innovation has gained relevance in macro management business
practices. In order to make the BMI literature advanced, it has been proposed here that
concept should be adopted from the literature of innovation and complex organization
system. The concept will be able to deliver an insight of managerial difficulties and
depending on the challenges, the literature of BMI will provide solutions to improve. The
central concentration should be on gaining clear perception of BMI, so that practitioners can
implement the theory with an expectation of positive outcome.
Schilke, O., 2014. On the contingent value of dynamic capabilities for competitive advantage:
The nonlinear moderating effect of environmental dynamism. Strategic management
journal, 35(2), pp.179-203, doi/abs/10.1002/smj.2099.
According to the authors of the journal, the turbulent business environment has a great
role to play in the process of gaining competitive advantage in the market for a company. The
ever-changing nature of business environment increase the capabilities of the firm to sustain
in the midst of complications. The link between dynamic capabilities of the firm and market
advantage is likely to be the strongest under moderate intensity of dynamism yet it is weak
when dynamism is lower or higher than that. Evidences have been collected from 279 firms
to justify the previously mentioned fact. The study helps to recognise the fact that dynamic
capabilities should not be considered as universal as the nature of the entire business scenario
is changing gradually. The research has established the important role of environmental
dynamism in the relationship between changing capabilities and competitive advantage in the