Annotated Bibliography: MGMT 20144 - Management and Business Context

This annotated bibliography, prepared for a Management and Business Context course (MGMT 20144), presents an analysis of five peer-reviewed journal articles published between 2014 and 2018. The bibliography explores key contextual factors influencing business and management decisions. Each article is summarized, and the context is analyzed, focusing on topics such as organizational structures and governance, environmental forces, risks confronting firms, organizational and business practices, and the functions of diverse firms. The articles highlight the importance of corporate governance, pro-environmental behaviors, risk mitigation strategies, effective business practices, and understanding the functions of diverse firms in achieving organizational success. The bibliography concludes by summarizing the key findings and emphasizing the interconnectedness of these contextual factors in shaping business outcomes. The student has followed the guidelines to find articles from the specified journals and has met the word count requirement. The bibliography provides a comprehensive overview of the chosen articles, making it a valuable resource for students studying management and business contexts.

Running Head: Annotated Bibliography 1
Management and Business Context

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Introduction
There are number of factors that play a significant role in the organization in the context of the
decision-making. The role of the contextual factors in the process of decision making is huge as
it affects the productivity of the business as well as employee. The discussion on contextual
factors will be made under this assignment in which each article will show the discussed
contextual factor. There are a number of factors that impact the decision-making process of the
company as it has been seen that people make decisions about many things. The decision of the
company is made on a number of factors as they as they help in growth of the organisation
It is an annotated bibliography that will cover some certain some topic such as organization
structure or governance, external forces, risk confronting the firm, organization and business
practices and the functions of the diverse firm. The contextual factors help in the development of
the business as it covers internal and external aspects.
(a) Organisational structures or governance
Dinh, T. Q., & Calabrò, A. (2015). Asian Family Firms through Corporate Governance and
Institutions: A Systematic Review of the Literature and Agenda for Future
Research. International Journal of Management Reviews. doi.org/10.1111/ijmr.12176
The corporate governance is the major contextual factor of this article that depicts the importance
of this contextual factor. The author found that the model of the corporate governance has
attained the attention of the customers but it is not clear that in what way their corporate
governance mechanisms differ from those of family organizations in the western world. the

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major objective of this paper is to provide a better understanding of institutional complementary
that comprise informal governance mechanisms which are espoused by Asian family firms
The findings of the article are suggested that it is required for the family firms to develop the
political connections to react to the collapse of legal systems. The new findings in this journal
article are that the Asian organizations rely on personal networks such as guanxi for the purpose
of decreasing the uncertainty, increasing the strengthen business ties and gaining access to
external resources. The role of this finding elaborates on the great role of the manager of the
organization as they can develop a better understanding of their better relation with others
organization. It is essential for the organization’s management to know more about the corporate
governance mechanisms in Asian family organizations.
(b) Environmental forces
Ture, R. S., & Ganesh, M. P. (2014). Understanding pro-environmental behaviors at the
workplace: proposal of a model. Asia-Pacific Journal of Management Research and
Innovation, 10(2), 137-145. doi/full/10.1177/2319510X14536219.
The contextual factor of this journal article is the environmental factors that considered as the
major aspect of any kind of business because the impact of environmental factors can affect the
productivity and the benefits of the company. It is the journal article that expresses the pro-
environmental behaviours which are referred to the household setting. The importance of pro-
environmental behaviours is increased day by day that is why the author of this article has
presented a framework to describe pro-environmental behaviours at the workplace.
The new findings of this article are the management discipline and the behaviours of the pre-
environmental which is related to the literature from the subject of the social psychology. The

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research has covered the Value-Belief-Norm (VBN) theory and a conceptual framework for
elaborating the pro-environmental behaviours. The manager would be facilitated with these new
findings as it would help him to understand the values and environmental belief. It was apparent
that the organizational environmentalism will impact the pro-environmental behaviours of the
employee by social norms.
(c) Risks confronting the firm
Van Der Vegt, G. S., Essens, P., Wahlström, M., & George, G. (2015). Managing risk and
resilience. Academy of Management JournalVol. 58, No. 4.
doi/10.5465/amj.2015.4004.
The risk is the major aspect of any kind of business and it is required for the organization to have
the mitigation strategies so that the company can reduce the impact of the business. The author
has described the concept of the managing risk and resilience which has its intellectual roots in
the area of the individual psychology. There are a number of factors described in this article for
the purpose of mitigating the risks within the operation. The vital component of the organization
as the compound system is the employees of the company. A significant cause of ability for
organizational flexibility is restricted in the features of employees. The flexibility of
organizations not only relies on the accessibility and convenience of resources but also on the
official managerial structure. it has been found that the discussion over Contingency theory has
been made. The authors have given some technique in order to effectively deal with the adverse
condition.

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The new findings of the article are that the organization is directly involved in the success of the
community as it might be required to evaluate the relevant features and abilities of individuals
and the systems. It needs the evaluating the function of the individuals and systems over a longer
period of time at the time of one or more obstacles take place. The new findings would be
helpful for the manager to understand the entire concept of the business so that the manager can
take appropriate action within the operation for the purpose of increasing the revenues of the
company.
(d) Organisation and business practices
Barraket, J., Furneaux, C., Barth, S., & Mason, C. (2016). Understanding Legitimacy
Formation in Multi‐Goal Firms: An Examination of Business Planning Practices
among Social Enterprises. Journal of Small Business Management, 54, 77-
89./doi/10.1111/jsbm.12290.
The role of the business practices in the firm has a significant role as it increases the productivity
of the employee as well as business. The business practices as a contextual factor have been
elaborated under this journal article. This article has explained the value of the business planning
to new business ventures as well as small organizations has been the matter of debate among
researchers of the entrepreneurship. In this journal article, the author investigates business
planning practices in the form of functions of authority formation among social enterprises of
Australia. it has been discussed in this article that the business planning practices are come in the
form due to the demand to create legitimacy with organizational performance imperatives and
external stakeholders.

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The new findings through the journal article are that the article suggests the planning processes
of the company that serves unique forthcoming and relational functions among enterprises. The
implication of this article is to make understanding legitimacy formation inside multi-
stakeholders. The manager of the organization would be facilitated with these new findings
because they get to know about the power of the legitimacy. It has been found that the business
plans are dependent on the purpose for in which they are being used. The manager will get to
know about the business practices of the organization so that the employee of the company can
perform in a well efficient manner so that the revenues of the company can be amplified
significantly.

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(e) The functions of diverse firms

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Findikoglu, M. N., & Watson‐Manheim, M. B. (2015). Do small and medium‐sized IT firms
form service partnerships with nonlocal IT firms? An assessment of
facilitators. Journal of Small Business Management, 53(4), 986-1010.
/doi/10.1111/jsbm.12117
The contextual factor of this journal article is to functions of the diverse firms and this article has
emphasized the small as well as medium firms of IT. The author has found that the service
partnerships created with other firms of IT are a strategic mechanism to conquer their resource
constraints, amplify efficiency, and provide complementary services to their customers. The
discussion on those firms has made a tendency to create local partnerships because of the trust
building and it has been found that few of them are linked in non-local partnerships. The main
aim of this research is to discover the facilitators of this different organization behavior.
The implication of this journal article is that an organization should consider the functions of the
diverse firms because the structure of the organization is entirely different from each other.
Considerably, the organization manager needs to focus on the different functions of the diverse
firms so that they can contribute to the revenues of the company. It has been found that the
findings of this firm suggest that the alliance capabilities of the organization and organizational
immediacy between isolated partners can alternate the lack of geographical propinquity and
allow IT SMEs' meeting in nonlocal service partnerships. This journal article has explored that
the role of the medium and small business is different from each other and it is required for the
business to have the better understanding about them.

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Conclusion
It can be concluded from the above discussion that the management of any kind of business has a
significant role in developing the image of the company. This annotated bibliography has
covered some specific topics such as Organisational structures or governance, Environmental
forces, Risks confronting the firm, Organisation and business practices, and the functions of
diverse firms. The articles have taken from specific journal articles; it has been found from the
first article that the corporate governance is required for the development of the business. The
second article has been suggested that the environmental forces can impact the entire business
that is why it is necessary for the manager to take appropriate action so that the company can
protect them from any kind of adverse situation. The third article has elaborated that the risks are
the necessary part of the business as it can be reduced with effective planning. The fourth article
has been taken on the topic of organizational and business practices that shows the necessity of
the business practices in the operation of the company. At last, the final article of this assignment
has made on the functions of the diverse firms that depicts the difference between firms’
function.