MGMT20144 Assessment 1: Annotated Bibliography on Business Activities

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Central Queensland University, Australia
Term –
MGMT20144 Assessment 1
Unit Coordinator:
Lecturer:
Assessment: MANAGEMENT AND BUSINESS CONTEXT
Prepared by:
Student name:
Student ID:
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Table of Contents
Introduction................................................................................................................................3
Article 1 (Risks confronting the firm)........................................................................................4
Article 2 (Organisational structures or governance)..................................................................5
Article 3 (The functions of diverse firms)..................................................................................6
Article 4 (Environmental forces)...............................................................................................7
Article 5 (Organisation and business practices).........................................................................8
Conclusion..................................................................................................................................9
References................................................................................................................................10
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Introduction
The assignment is based on the extraction of five peer-reviewed journals. The assignment is
constructed in the form of an annotated bibliography in which a number of concepts
regarding business activities are evaluated. With the help of this assignment theories and
approaches related to the organizational activities are discussed and their effects are
scrutinised. Various factors that are discussed with the help of this assignment are
organizational governance, risk and uncertainties associated with firms, the impact of
environmental forces, different business practices and functions of diverse organizations. The
articles or journals that are studied for the assignment will help in shaping the policies of the
leading banks of Australia. The study will help the managers in constructing their policies
and strategies in the most effective manner so that they can fight the competition and at the
same time can persuade their potential consumers.
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Article 1 (Risks confronting the firm)
Khan, M., Hussain, D., & Mehmood, W. (2016). Why do firms adopt enterprise risk
management (ERM)? Empirical evidence from France. Management Decision,54(8),
1886-1907. DOI: https://doi.org/10.1108/MD-09-2015-0400
The author of the article Khan, Hussain & Mehmood, (2016) is evaluating the Enterprise
risk management ERM approach in an effective manner. Every organization is surrounded
by a number of risks and uncertainties. In some critical situations, it becomes essential for
the organization to initiate activities in order to overcome these factors. With the help of this
study, the author is trying to evaluate the decisions of different organization in order to adopt
ERM approach in their risk management operations. With the help of this research, it can be
evaluated that there are a number of reasons that can motivate the organizations to adopt the
ERM approach like increasing cost of operation, poor performance of employees, reducing
reserves of the firm and so forth. Aside to this, it can also be analysed with the help of this
article that a number of CG or corporate governance practices such as independent decisions
of the board members has also motivated the firm to adopt the respective approach in their
organization Khan, Hussain & Mehmood, (2016).
On the basis of this study, it can be commented that it is extremely essential for the managers
to forecast regarding the risk going to take place in the organization and make sound policies
in order to overcome them. The organization can likewise try to make use of the ERM
approach for fulfilling this purpose.
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Article 2 (Organisational structures or governance)
Elgammal, W., El-Kassar, A., & Canaan Messarra, L. (2018).Corporate ethics,
governance and social responsibility in MENA countries. Management Decision, 56(1),
273-291. DOI: https://doi.org/10.1108/MD-03-2017-0287
On the basis of the content of the article composed by Elgammal, El-Kassar & Canaan
Messarra, (2018), it can be said that it is extremely essential for every organization to
consider the code of ethics and the government policies before making any policy. The
primary objective of the article is to evaluate the impact of corporate governance on the
relationship of corporate social responsibility CSR and ethics of the business. In this
study, the author had tried to conduct quantitative research and has collected the data with the
help of questionnaires. The primary data is collected from small and medium-size enterprises
of north and Middle East Africa. The data is analysed with the help of structural equation
modelling. With the study of the research paper, it is evaluated that ethical practices have a
positive impact on the governance and CSR policies of the organization. With the help of
ethical practices, the managers are able to maintain a strong bond with all their stakeholders
i.e., the consumers, the employees, investors and the suppliers of the organization. Corporate
social responsibility or CSR plays a major role in developing a relationship not only with the
shareholder but also with the stakeholders of the organization.
On the basis of the information collected from this article, it can be said that it is extremely
essential for the managers to function as per the ethics of the organization. Aside to thi,s the
managers should also try to undertake effective CSR practices in order to satisfy their major
stakeholders Elgammal, El-Kassar & Canaan Messarra, (2018).
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Article 3 (The functions of diverse firms)
Liu, S., & Deng, Z. (2015).Understanding knowledge management capability in business
process outsourcing. Management Decision, 53(1), 124-138. DOI:
https://doi.org/10.1108/MD-04-2014-0197
The article is trying to deliver the idea of diversity in the functions of different organization.
It is a well-known fact that every organization work as per its policies. The primary objective
of the article is to scrutinize and investigate the significance of business outsourcing policies
and its impact on the functions of the organization. Outsourcing is a method with the help of
which the firms can delegate their task to any other group or organization in order to conserve
their time and energy Liu & Deng, (2015).With the help of this article thatthe the author has
tried to differentiate the firms on the basis of size, age, outsourcing and knowledge
management KM capabilities. The author has tried to make use of primary research in order
to ascertainthe result for the research conducted. With the help of this articl,e it can be
evaluated that the performance of BPO or business performance outsourcing depends upon
the perspective of the consumers associated with the organization.
With the evaluation of this articl,e it can be commented that it is extremely essential for a
manager to understand the nature and type of their organization. Aside to thi,s the managers
should be very clear about the inclination of their potential consumers.
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Article 4 (Environmental forces)
Blahová, M., Haghirian, Parissa, &Pálka, Přemysl.(2015). Major factors affecting
contemporary Japanese business environment. The International Journal of
Productivity and Performance Management : IJPPM, 64(3), 416-433. DOI:
https://doi.org/10.1108/IJPPM-09-2014-0138
The article is based on the changing environment in which the organization tends to perform.
The article is basically based on the business environment of the firm situated in Japan. The
primary objective of the study is to analyse the factors that have an effect on business
environment of Japanese organizations mainly in the concern of strategic management.
With the help of the s,tudy the author likewassistssist in clearing the concepts related to
corporate performance. With the help of the research conduct by the author of this study a
number of firms are identified that are effective in responding as per the changes in the
market. As per the content of the art,icle it is made clear that it is extremely essential for an
organization to be flexible enough in order to respond to the changes and fluctuation taking
place in the market. This can help the firms in seeking growth in the market Blahová et. al.,
(2015).
On the basis of this ,study it can be said that it is extremely essential for the managers to
operate the activities of the business in a flexible manner so that they can easily respond to
uncertainties. This factor will help managersgers in enhancing their goodwill and likewise
will help them in fulfilling the objectives of the organization.
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Article 5 (Organisation and business practices)
Gaudet,& Tremblay. (2017). Initiating structure leadership and employee behaviors:
The role of perceived organizational support, affective commitment, and leader-
member exchange. European Management Journal,35(5), 663-675. DOI:
https://doi.org/10.1016/j.emj.2017.04.001
The article is intended to analyse the impact of perceived organizational support effectivetive
organizational commitment on the relationbetweenip of business structure and employee
relationship. In other ,words it can be said that the content of the article helps in describing
the of role employee behaviour in an organization. Aside to this the article likewise helps in
clearing the concepts related to the management and leadership functions of an organization.
As per the content of this ar,ticle it is evaluated that it is extremely essential for an
organization to have understanding and supportive staff members. This will help in
marinating a sound environment in the organization and will likewise assist in smooth
functioning of the firm. Aside to, this the article focuses on the importance of an effective
leadership structure of the organization that will assist in having effective communication
channels and decorum in the organization Gaudet & Tremblay, (2017).
With the help of this art,icle it can be extracted that it is extremely essential for managersgers
of the organization to maintain effective relationship with the workforce. This will help in
managing the activities of the firm and likewise provides competitive advantage to the
organization.
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Conclusion
The assignment is helpful in conjecturing a number of concepts associated with the
operations of an organization. The assignment is developed after the study of fpeer-
reviewedewed journals that are helpful in evaluating different polic of adopted by the
organization. With the help of this assign,ment it can be conjectured that it is very essential
for the organizations to satisfy the motives of their major stakeholders such as consumers,
employees, investors the suppliers. With the help of this pro,cess an organization will be able
to grow in the uncertain environment and can fight competition. The assignment will help in
shaping the organizational structure of the four leading banks of Australia named as
Australian and New Zealand banking groups, National Australia Bank, Commonwealth Bank
of Australia and Westpac. It is extremely essential for these institutions to have
managwhohich are able to perform in a flexible manner and are ready to face uncertainties of
the market. The managers must likewise have planning and forecasting capabilities that
helpelps in the growth and development of the organization. They should likewise have
knowledge of current market trends and the latest organizational approaches that can help the
firm in fighting the competition in the most effective manner.
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References
 Blahová, M., Haghirian, Parissa, &Pálka, Přemysl.(2015). Major factors affecting
contemporary Japanese business environment. The International Journal of
Productivity and Performance Management : IJPPM, 64(3), 416-433.
 Elgammal, W., El-Kassar, A., & Canaan Messarra, L. (2018).Corporate ethics,
governance and social responsibility in MENA countries. Management
Decision, 56(1), 273-291.
 Gaudet,& Tremblay. (2017). Initiating structure leadership and employee behaviors:
The role of perceived organizational support, affective commitment, and leader-
member exchange. European Management Journal,35(5), 663-675.
 Khan, M., Hussain, D., & Mehmood, W. (2016). Why do firms adopt enterprise risk
management (ERM)? Empirical evidence from France. Management Decision,54(8),
1886-1907.
 Liu, S., & Deng, Z. (2015).Understanding knowledge management capability in
business process outsourcing. Management Decision, 53(1), 124-138.
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