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Assignment on Management Theory & Practice

   

Added on  2020-05-04

13 Pages2650 Words81 Views
Running head: MANAGEMENT THEORY AND PRACTICEManagement Theory and PracticeName of the studentName of the universityAuthor note

Executive summary The aim of this report is to discuss about the effectiveness of the different organizational theorieson the organizational performance. Moreover, the different organizational theories had beencompared in order to gain an understanding on the efficiency of the organizational theories ondifferent organizational situation. This report concludes that strategic choice theory is moreeffective compared to the determinist theories for the business organizations. MANAGEMENT THEORY AND PRACTICE1

Table of ContentsIntroduction......................................................................................................................................3Strategic choice theory....................................................................................................................4Process of strategic choice...............................................................................................................5Resource dependency theory...........................................................................................................6Institutional theory...........................................................................................................................7Population ecology..........................................................................................................................8Identification of the effective organizational theory.......................................................................9Conclusion.......................................................................................................................................9Reference.......................................................................................................................................11MANAGEMENT THEORY AND PRACTICE2

Introduction In the current business scenario, business organizations have to adopt variousorganizational theories in order to operate and gain competitive advantages in the market(McGrath, 2013). However, the utility and effectiveness of the organizational theories aredifferent for different organizations based on their external environment. Organizational theoriesare also being evolved and modified to meet the contemporary requirements of the businessorganizations. Among all the available organizational theories, determinist theory and strategicchoice theories are being the most popular for the contemporary business organizations (Yarger,2012). This is due to the reason that, these theories covers and aligns with major criterions of thecontemporary business organizations. Strategic choice theory is more concerned with the effective and efficient choice beingmade by the business organizations in decision making process from the available alternatives.However, on the other hand, determinist theories refers to the market scenario of theorganizations, dependency of the business on the available resources and the standard norms andregulations being followed by the organizations in order to gain competitive advantages in themarket (Yarger, 2012). This report will discuss about the effectiveness of these theories on thecontemporary business organizations. Moreover, various types and aspects of these theories willalso be discussed in relation to the organizational effectiveness. This report will conclude bychoosing the most effective theory among the discussed ones. MANAGEMENT THEORY AND PRACTICE3

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