MGMT20144: Annotated Bibliography on Business Management

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MGMT20144 MANAGEMENT AND BUSINESS CONTEXT

Contents
Management and business...............................................................................................................1
Introduction......................................................................................................................................3
Article 1: Corporate governance varieties.......................................................................................4
Article 2: Environmental forces.......................................................................................................5
Article 3: Risk confronting the firm................................................................................................6
Article 4: Organisation and business practice.................................................................................7
Article 5: Functions of diverse firms...............................................................................................8
Conclusion.......................................................................................................................................9
Referencing....................................................................................................................................10

Introduction
Business management is considered to be one of the important terms for the organisation where
the company use to identify, organise, analyse the various types of business operations. This is
considered to be the organisation and the coordination of the business activities which helps in
achieving the desired objectives of the company. This process includes the interlocking functions
through which the creation of corporate policy and organising and planning the resource of the
users are done. This report is based on the annotated bibliography of the five articles which are
related to the discussing of the different factors which are related to the business organisation.
These articles include the organisational structure, environmental forces, organisation practice,
environmental forces, the function of the diverse firms and the risk confronting firms. This is
seen that the diversity in the firm is considered to be helpful and it helps in enhancing the
performance of the company as a whole. While all the factors are discussed in this report briefly.

Article 1: Corporate governance varieties
Styhre, A. (2018). Corporate governance varieties. International Journal of Organizational
Analysis, 26(3), 582-598.https://doi-org.ezproxy.cqu.edu.au/10.1108/IJOA-02-2017-1127
The above research article specifies the corporate governance strategies that are required to be
followed by the corporates to achieve success in the organisation. It is seen that corporate
governance is the practice of balancing the stakeholder's interest so that the maximum result can
be given to them. In this research, the investigator referred to the recession and the deregulation
that the company has over and above the local market as well as the international market of the
company. Here in this research, two traditions were identified which includes the firms and the
owners are considered to be exclusively associated and the later specified that property rights are
considered to be the main legal structure.
This is seen that the research article helps in identifying the different corporate governance
practices that are used by the company. Also, this is seen that corporate governance is concerned
with the institution which helps in influencing how a business should allocate the resources that
are available to them. This is important for the company to make a corporate governance
structure through which the investment decisions are made and how the returns and the
investment is distributed. The legal philosophy and the economic studies were used by the
researcher to achieve the objective of the research. Finally, it was given that the owners are
associated with individual rights and the rights to the property.
This was concluded from the research that the flamboyant and the proactive social theories help
in advising an arrogant position of the employees and the management. Also, the effective
corporate governance strategies helped the organisation to achieve the objective of maximising
the benefits to the employees of the company. In addition to this, the research helps in providing
some relevant information to the manager of the business and this helped in tackling the factors
that are related to the growth of the company. Also, this helped in testifying the condition
through which human nature remains stable and the overtime recognition is considered for the
self-interest of the managers.

Article 2: Environmental forces
Blahova, M., Haghirian, P., & Palka, P. (2015). Major factors affecting contemporary
Japanese business environment. International Journal of Productivity and Performance
Management, 64(3), 416-433. DOI:10.1108/IJPPM-09-2014-0138
This research article is based on the major environmental factors that impact the business
organisation in the Japanese business environment. This is considered that the business
environment can be divided into the external and internal business factors which are related to
the productivity and the performance of the business. Hence it is considered to be one of the
most important factors for the company to manage the environmental factors that are related to
the company's performance. The aim of the research paper was to show a link between the
transformational processes and the changes that have been observed by the companies which are
located in Japan. Here the investigator of the research put the main focus on the employees,
organisations behaviour and also possess the analysis of the company’s process.
This research was done on the basis of the research problems and identified the current trend in
the strategic management and the corporate performance of the company. The researcher in this
report analysed the two hypotheses that were made by him. This was seen that the involvement
of women in the workforce was considered to be one of the main factors for the performance of
the business. Also, the employment of the foreign staff in the organisation has a positive impact
on the performance of the company. This is seen from the investigation that the Japanese
companies are more reluctant to employee’s promotion and compensation practice that is
followed by them so as to increase the performance of the workers. This was revealed that the
internal environment of the workforce affects the employee’s productivity at a greater extent.
The conclusion from the research that can be made is that environmental factors are considered
to be of great importance for the managers of the company. This helps them to identify the
requirement of the employees so that their profitability can be increased. Hence this research
paper is important for the users as this would help the users to understand the requirement of the
company to tackle the environmental forces more crucially.

Article 3: Risk confronting the firm
Nobre, Liana Holanda Nepomuceno, Grable, John E, Silva, Wesley Vieira Da, & Nobre,
Fábio Chaves. (2018). Managerial risk taking: A conceptual model for business
use. Management Decision, 56(11), 2487-2501.
https://doi-org.ezproxy.cqu.edu.au/10.1108/MD-09-2017-0892
The main purpose of this research was to establish the conceptual model for managing the risk of
taking the managerial decision for the organisation and it relates to the characteristics and the
subjective factors which are related to the decision making a profile of the managers of the
company. Here the author mentioned and analysed the various risk which relates to the decision-
making approach of the decision makers. For this research to be done a multi cantered
managerial decision-making framework was developed which is based on the risk-taking models
of the company. The framework was related to the conflicts that were granted and the conflict
between the macro and microenvironmental factors.
This research paper used an integrative model which helped in providing theoretical tools which
can be used for the further expansion of the relationship between the risk and the decision
making. This was given in the findings that there are various issues that are related to the
company's operational efficiency which includes the operational, financial and the governance
risk of the company. These risks are further considered to be the risk of great emphasis where
some organisation chooses to risk from their common business domain of the company.
This article is considered to be very helpful for the organisation which would help them to
analyse the risk that is related to the business operational performance. Through this, the
managers can prepare the retaliation strategy which would help them to analyse the risk and take
effective decisions.

Article 4: Organisation and business practice
Hacklin, F., & Wallnöfer, M. (2012). The business model in the practice of strategic
decision making: Insights from a case study. Management Decision, 50(2), 166-188.
https://doi-org.ezproxy.cqu.edu.au/10.1108/00251741211203515.
This article relates to the business model in the practice of the strategic decision where different
scholars have identified and conceptualise the business model as a locus of innovation and the
planning tool. While this is seen that little or no model is being applied by the researcher to
introduce the strategy of practice and to explore the implication of applying the business model.
This is considered as inclusive and beneficial for the company to make a strategic decision for
the company and to design the strategic influence of the company. This is seen that the
researcher has made a single case study design and it was selected to explore the implications
and the limitations which were related to the strategizing device in the high tech form of the
Company.
This has been founded through the business model that a valuable structure template helps the
business to map the current business model. Hence working managers and the employees of the
companies should formulate the business model which is related to the business model and the
practice that they have. This is seen that technical and linguistic legitimacy is important for the
company to identify the limitations that are related to the decision making

Article 5: Functions of diverse firms
Sijbom, R., Anseel, F., Crommelinck, M., De Beuckelaer, A., & De Stobbeleir, K. (2018).
Why seeking feedback from diverse sources may not be sufficient for stimulating
creativity: The role of performance dynamism and creative time pressure. Journal of
Organizational Behavior, 39(3), 355-368.
https://doi-org.ezproxy.cqu.edu.au/10.1002/job.2235
The article is related to the seeking of performance from the diverse sources which may not be
considered to be sufficient for stimulating the creativity of the organisation. Here the role of the
performance dynamism and the creative time pressure has been identified by the researcher. Here
the impact of seeking feedback from the different sources and the employee creativity has been
analysed by the company. However, the company argue and analyse the contextual factors of the
performance of the organisation. The investigator identified the two-factor performance namely
the performance dynamism and the creative time pressure for the company. In this, the
researcher also focused on seeking the response from the diverse sources of the company. The
author of the company revealed that the selection process of the diverse firm would result in
effective management and would cost higher to the organisational performance.
The researcher founded out that organisation should seek feedback from a variety of sources and
the employee creativity should be forecasted through the given source. Employee creativity is
considered as the development of the ideas which are considered both as novel and useful for the
users of the organisation. They also seek the variety in the feedback and the source which are
taken by the company from the employers.
Hence the knowledge of firms and the diverse information that is collected by the various source
should be considered by the organisation. The research paper has clearly highlighted the
importance of the diverse functions of the firm and the nature of the firm's operations.

Conclusion
From the above review of the research paper, this has been identified that various knowledge of
five elements of business management has been considered. Within these factors that have been
identified it is crucial for the firm to focus on the organisational function and the structure as the
main function. As in the Big four banks that are identified in Australia this is seen that the
diverse function of the firm is considered to be one of the most important aspects. As the bank
invests in different countries hence it is important for them to identify this as the main function.
Hence understanding the diversity of the products and the operations that they focus is
considered to be most important. This is seen that the diverse firm has better performance as
compared from the rigid firm and the decision making process is considered to be more effective
so as to increase the demand of the products and the customer base of the company. So it is
beneficial for the company to consider the financial and non-financial perspectives of the
business. Hence this would be worth discussing for the future of the organisations

Referencing
 Blahova, M., Haghirian, P., & Palka, P. (2015). Major factors affecting contemporary
Japanese business environment. International Journal of Productivity and Performance
Management, 64(3), 416-433. DOI:10.1108/IJPPM-09-2014-0138
 Hacklin, F., & Wallnöfer, M. (2012). The business model in the practice of strategic
decision making: Insights from a case study. Management Decision, 50(2), 166-188.
https://doi-org.ezproxy.cqu.edu.au/10.1108/00251741211203515.
 Nobre, Liana Holanda Nepomuceno, Grable, John E, Silva, Wesley Vieira Da, & Nobre,
Fábio Chaves. (2018). Managerial risk taking: A conceptual model for business
use. Management Decision, 56(11), 2487-2501.
https://doi-org.ezproxy.cqu.edu.au/10.1108/MD-09-2017-0892
 Sijbom, R., Anseel, F., Crommelinck, M., De Beuckelaer, A., & De Stobbeleir, K.
(2018). Why seeking feedback from diverse sources may not be sufficient for stimulating
creativity: The role of performance dynamism and creative time pressure. Journal of
Organizational behaviour, 39(3), 355-368.
https://doi-org.ezproxy.cqu.edu.au/10.1002/job.2235
 Styhre, A. (2018). Corporate governance varieties. International Journal of
Organizational Analysis, 26(3), 582-
598.https://doi-org.ezproxy.cqu.edu.au/10.1108/IJOA-02-2017-1127.