Annotated Bibliography on Management

This annotated bibliography covers various aspects of management including organizational structure, external forces, risks, and business practices. It provides insights into the importance of governance, stakeholder involvement, and ethical code of conduct in achieving efficient execution of business activities.

Running head: MANAGEMENT AND BUSINESS CONTEXT
Annotated Bibliography on management
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MANAGEMENT AND BUSINESS CONTEXT
Introduction
The functions of an organizational firm indicates the structure into which the activities
are moulded. The structural pattern is the symbol for the policies, practices and the programs
introduced by the organization for the fulfilment of the requirements. Managers play an
important role in governing the activities in terms of systematizing the business activities.
This is needed in terms of estimating the progress within the stipulated time. This estimation
is crucial in terms of assessing the need for additional resources, which might prove
beneficial in performing the tasks better. In the process of executing the business activities,
the organizations face risks, which can be internal or external. Mostly, the risks are external,
as the contemporary firms intend to exert pressure on the firms in terms of achieving
competitive advantage. The managerial authorities are to involve the stakeholders and
shareholders for undertaking prospective decisions for the betterment of the firms.
Consideration of the current strategic position is vital for taking decisions. Planning helps in
enhancing the thought process of the decision makers regarding upgrading the standards and
quality of the performance.
Discussion
Organizational structure or governance
Journal article: Caring and curing by leadership design. (2016). Development and
Learning in Organizations: An International Journal, 30(6), 1-3.
Summary
Organizational design is a vital aspect in terms of achieving efficient execution of the
business activities. The article proposes four characteristics: organizational design,
collaborative leadership structure, egalitarian leadership selection process and team based
development system (Caring and curing by leadership design, 2016). The managers, through

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their governance, emerge as the leaders. Conscious approach towards the organizational
culture creates positive image in the minds of the team members. This “consciousness” is one
of the important functionalities, which the managers need to expose for the enhancement of
their leadership skills, abilities and competencies. Along with culture, design is one of the
other components, which the personnel need to consider. The terms “caring and curing” can
be related with the aspect of designing. This is in terms of revising the current strategic
position for altering the business scenario (Caring and curing by leadership design, 2016).
The article proposes the use of governance systems, which helps in monitoring the
processes and operations. Involvement of the other staffs into the process of governance
generates team work, which is assistance towards the formation of social capital.
Corporate social responsibility is an important parameter in the business. Herein lays
the correlation with the word “caring”. Ensuring the wellbeing of the clients and the
customers reflects the caring approach of the personnel. Herein lays the appropriateness of
the policies and programs, which governs the business operations of the organizational firms.
“Curing” can be related with the evaluations like risk assessment, which tends to mitigate the
levels of the potential risks (Caring and curing by leadership design, 2016).
External forces
Journal article: Markovic, & Bagherzadeh. (2018). How does breadth of external
stakeholder co-creation influence innovation performance? Analyzing the mediating
roles of knowledge sharing and product innovation. Journal of Business Research, 88,
173-186.
Summary
Stakeholders are the persons, who are adversely affected by the profit and loss of the
organizational firms. Serving the clients according to their needs develops customer centric

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business. As a matter of specification, providing innovative services to the stakeholders
increases the sales revenue and profit margin. Herein, consideration of the external influences
and assistances is beneficial in terms of exposing ethical approach towards the execution of
the business operations. External stakeholders assist the organizational staffs in altering the
current business scenario. Presence of the stakeholders in the decision making process assist
in taking prospective decisions for the betterment of the organization (Markovic &
Bagherzadeh, 2018). This is beneficial in terms of bringing innovation in the business
processes. In this process, catering to the preservation of traditional and core values of the
organization seems fruitful in terms of gaining assurance, trust and dependence of the
stakeholders.
However, the organizational staffs need to be conscious about selection of the
stakeholders. This is in terms of preserving the safety and security of the organizational data.
This is specifically applicable in case of the cash flows from the internal to the external
environment. In terms of sharing the information, the personnel need to be adopt privacy
cookies and software for averting the instances of leakages and intervention of the third
parties (Markovic & Bagherzadeh, 2018). Knowledge sharing is crucial for enhancing the
preconceived skills, expertise and knowledge of the staffs. This sharing improves the
relationship between the employees and the managers, which is crucial in terms of generating
teamwork.
Risks confronting the firm
Journal article: Vrhovec, Hovelja, Vavpotič, and Krisper. "Diagnosing Organizational
Risks in Software Projects: Stakeholder Resistance." International Journal of Project
Management 33, no. 6 (2015): 1262-273.
Summary

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Risks are an inevitable issue within the business processes, which results in severe
loss of the organizational data. However, management of the risks is important in terms of
assuring wellbeing of the clients and the customers. This management aspect becomes the
central theme of the article. Most off the risks occur in the software and the functionality of
the systems, which stalls the operations. This is a crisis period for the staffs, resulting in
delays with completing the projects on stipulated time. This is the time, when the
organization needs the assistance and support of the experts in terms of averting the instances
of malfunctions, virus attacks and the hacker interventions (Vrhovec, Hovelja & Krisper,
2015). On the other hand, financial risks also occur in terms of the cash flows. These risks
compel the staffs to encounter illegal scandals, degrading the reputation. Intervention of the
third parties can also occur in the software, which results in fraud cases. Herein lays the
importance of stakeholder resistance in terms of ensuring the security of the property and the
staffs.
Adoption of flexible software is needed in terms of ensuring the safety of the
organizational data. For this, the staffs need to be convinced towards altering the current
resources. Most of the staffs would expose resistance towards changing the systems, as they
have found a comfort zone with the systems. Herein lays the rationality and tactfulness of the
managers and trainers in terms of gaining the approval of the staffs (Vrhovec, Hovelja &
Krisper, 2015).
Organization and business practices
Journal article: Engel, R., Krathu, W., Zapletal, M., Pichler, C., Bose, R., Aalst, P., . . .
Huemer, C. (2016). Analyzing inter-organizational business processes. Information
Systems and E-Business Management, 14(3), 577-612.
Summary

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Within an organization, different processes are executed for achieving the identified
goals and objectives. These process indicate the internal environment of the organization.
Managers, employers and the employees are entrusted with the responsibility to do the tasks
properly. Tie ups with the other departmental units results in teamwork, which helps in
completion of the tasks within the stipulated deadline. Applying the Ethical Code of Conduct
is crucial in terms of averting the instances of conflicts and misunderstandings, which destroy
the workplace environment (Engel et al., 2016). These difficulties degrade the stability in the
relationship with the clients and the customers, reducing the chances of getting prospective
projects in near future. Herein, ethical code of conduct is crucial in terms of gaining the
support of the suppliers. Complying with the norms of the contracts results in effective
partnership, which is crucial in terms of providing quality services to the clients and the
customers.
Resources are the main agent, which helps the staffs to achieve the targets. Here, one
of the important aspect is the relationship with the suppliers. This relationship is vital in terms
of the acquiring adequate stock of resources. Contracts with the suppliers might be a
temporary partnership, however, it financially assists the staffs in completing the projects and
the tasks (Engel et al., 2016).
Using latest and modern technologies enhances the standards and quality of the
products and services. Along with this, the technologies prove efficient in automatizing the
business processes, reducing the manual labor. Maintaining records of the ways and means
throhgh which the processes are carried out proves effective in estimating the next course of
action. Along with this, the records also help in preparing the budget, which is vital in terms
of stabilizing the financial parameter (Engel et al., 2016).
Functions of diverse firms

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Journal article: Dailey, S. L., & Browning, L. (2014). Retelling stories in organizations:
Understanding the functions of narrative repetition. Academy of Management Review,
39(1), 22-43.
Summary
The article sheds light on the functions, which are carried out within the workplace.
For the employees, the functions are like “stories”, which they can narrate. This is in terms of
the diversified nature of the works, which they have to carry out every day. This includes
preparation of the budgets, tracking the performance of the employees, assessing the extent to
which the targets and goals have been achieved. Everyday the staffs have to repeat the same
actions for reaching to the benchmark level of performance (Dailey & Browning, 2014).
Training enhances the preconceived skills, expertise and knowledge of the employees. It
results in knowledge transfer between the senior managers and employees, enhancing the
stability in the professional relationships. Post training tests act as evaluation for the
managers regarding the approach of the employees towards the duties and responsibilities.
The functions in a workplace are diverse, which enhances the cultural diversity of the
workplace. Along with this, it also enhances the adjusting skills of the employees with the
others. Typical examples in this direction are group discussions, which increases the
understanding of the employees with each other (Dailey & Browning, 2014). Herein lays the
effectiveness of negotiation process, which is effective in terms of reducing the chances of
conflicts, misunderstandings, discriminations and harassments.
Ethical Code of Conduct is a crucial doctrine in terms of making the employees aware
of the rules and regulations. Adherence and compliance to these rules secures their position
within the workplace. Ethical approach is vital in terms of gaining trust, loyalty and
dependence from the clients and the customers (Dailey & Browning, 2014).

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Conclusion
Within the organizational functions, risks are inevitable issue. Management of the
risks is important for handling the external influences. Herein lays the importance of revising
the policies, programs and practices. Evaluation of the policies and programs helps in
detecting the drawbacks in the processes. Involvement of the external stakeholders proves
fruitful in discussing the effectiveness of the proposed plans in terms of the identified and the
specified goals. This assessment is crucial in terms of upgrading the internal environment.
Inclusion of risk assessment exercise in this assessment helps in gaining trust, loyalty and
dependence of the clients and the customers. For this, consideration of the current strategic
position would be essential for proposing evaluation in the business processes. Discussions
and open forums are helpful in terms of gaining solutions towards effective handling of the
external influences. Interactive sessions of these discussions is fruitful in terms of gaining an
insight into the approaches of the employees towards the proposed plans.

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References
Caring and curing by leadership design. (2016). Development and Learning in Organizations:
An International Journal, 30(6), 1-3.
Dailey, S. L., & Browning, L. (2014). Retelling stories in organizations: Understanding the
functions of narrative repetition. Academy of Management Review, 39(1), 22-43.
Engel, R., Krathu, W., Zapletal, M., Pichler, C., Bose, R., Aalst, P., . . . Huemer, C. (2016).
Analyzing inter-organizational business processes. Information Systems and E-
Business Management, 14(3), 577-612.
Markovic, & Bagherzadeh. (2018). How does breadth of external stakeholder co-creation
influence innovation performance? Analyzing the mediating roles of knowledge
sharing and product innovation. Journal of Business Research, 88, 173-186.
Vrhovec, Hovelja, Vavpotič, & Krisper (2015):. "Diagnosing Organizational Risks in
Software Projects: Stakeholder Resistance." International Journal of Project
Management 33(6), pp 1262-273.