MGMT20144: In-depth Analysis of Management and Business Context

This report analyzes the impact of contextual factors on business decision-making. It examines five key factors: organizational structure and governance, environmental forces, risks confronting the firm, organizational and business practices, and the functions of diverse firms. Each factor is explored through recent peer-reviewed journal articles, providing insights into how these elements influence managerial decisions. The report emphasizes the importance of understanding these factors for effective strategic planning and risk management, using examples such as the Commonwealth Bank of Australia (CBA) to illustrate the practical implications of these concepts. The conclusion underscores the significance of risk management as a crucial contextual factor, particularly for financial institutions like CBA, highlighting the need for robust data protection and adherence to regulatory guidelines.

Management and business context 1
Management and Business Context

Management and business context 2
Introduction
The role of the contextual factors is huge in the business that entails environmental along with
the personal factors. The contextual factors have a significant impact on the decision making of
the company. There are some contextual factors such as activities of the company, risks,
corporate governance risk and business practices. The target of this paper is to highlight the
contextual factors to make an effective decision-making process for the manager of the company.
It is necessary for the managers of the company to be clear about the environment so that
appropriate action by the decision can be taken for the improvement of the business. The specific
journal articles will be provided for this paper in order to describe the given contextual factors
such as Organizational structure, forces of the environment, risks facing by the firm, business
practices of organization or business and the functions of the diverse firms. By taking
consideration of each article, the research will be highlighted in this paper regarding contextual
factors so that the manager can take a decision in an effective manner.

Management and business context 3
1- Organziational structure and governance
Linda Susan Holbeche, (2018). Organisational effectiveness and agility, Journal of
Organizational Effectiveness: People and Performance, Vol. 5 Issue: 4, pp.302-
313, https://doi.org/10.1108/JOEPP-07-2018-0044
https://www.emeraldinsight.com/doi/abs/10.1108/JOEPP-07-2018-0044
Organizational structure is the main contextual factor in this journal article. The main aim of this
article is to identify the relationship between the organizational structure and the firm
performance. The research has identified various ways to increase the organizational efficiency.
It is premised over the arguments that neo-liberal context is liable to increase the questioning,
and concern over the researcher neglect of ethics. This problem of business and society will
influence the way the researcher should focus on organizational effectiveness. The discussion
has been made on the notion such as talent, flexibility and organizational ability.
The new findings by this article are affecting away from research for huge flexibility at high
speed, in the context of searching the ability of the organization itself. The paper kept recent
questioning regarding the roles and aim of business in the neo-liberal economy. By
deconstructing the discussion of aspects like resilience and agility, it has major focused on the
practice and research agenda on some of the vital means that have been neglected from the
organizational effectiveness. The dominant mode has been used in the research that is able to
focus on hard and enablement by internal alignment, which is being carried out into questions.
These findings keep significant value for the management from which, he can focus on the
traditional long-term employee value propositions.

Management and business context 4
2- 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. http://journals.sagepub.com/doi/full/10.1177/2319510X14536219
The contextual factor for this article is environmental forces that referred to as the key aspect of
any sort of business. The role of the environmental forces has noteworthy impact over the
decision-making process of the company, from which the productivity of the employees can be
hampered. This journal article is based on the understanding of pro-environmental behavior at
the workplace that provides a notion of taking action before environmental forces hamper the
position of the company. This article has reviewed various articles through which it has come to
know that the pro-environmental behaviours are amplified day by day. For which, the researcher
has represented the framework to elaborate pro-environmental behaviours at the workplace.
In the context of new findings, there are the administration regulation and the behaviors of the
pro-environmental, which is connected to the narrative from the theme of communal psychology.
In order to define pro-environmental behaviors, the researcher has entailed a theory of Value-
Belief-Norm (VBN) and a theoretical framework. With the help of these new findings, the
manager would be benefitted because he can take appropriate decisions in the context of
organization benefits. The knowledge about the impact of environmental forces would be
amplified for the manager. It was obvious that the managerial conservationism will put influence
on the pro-environmental behaviors of the worker by common norms.

Management and business context 5
3- Risks confronting the firm
Marshall, A., Ojiako, U., & Chipulu, M. (2019). A futility, perversity and jeopardy critique
of “risk appetite”. International Journal of Organizational Analysis, 27(1), 51-73.
https://doi.org/10.1108/IJOA-06-2017-1175
The risks are the major term that comes in any kind of business and provides experience in
handling the challenges to the firm. It is necessary for the organization to take appropriate action
in the context of reducing the risks. This article is about the risk appetite which is hugely
accepted by the guiding metaphor for strategic risk management; however, metaphors for
complex practice are quite tough to critique. The aim of this paper is to apply a logical
framework including three categories of flaw such as perversity, futility, for the purpose of
exploring the risk appetite metaphor. Structured analytical perspective designed has been
considered by the author to examine possible any allegedly progressive social measures. There
are three flaws categories used by the researcher in order to warn the risk of the organization.
The new findings of this article are the use of three flaw categories such as first, wrong
confidence in organizational risk assessment, the blindness of organization towards contributions
of behavioral risk-taking. A theory of high-risk taking is considered by the research which is the
finding or this research. With the help of these findings, the manger would be benefitted and can
take effective decision for the growth of the organization after considering the risks appetite and
three flaws. On the other hand, the manger will get to know about the representation of risk
management in the form of the organizational practice on metaphor.

Management and business context 6
4- Organization and business practices
Alonso, A. D., Kok, S., & O’Shea, M. (2019).The family business, adversity, and change: A
dynamic capabilities and knowledge-based approach. Journal of General
Management, 44(2), 96-109. https://doi.org/10.1177/0306307018810585
Business practices have been highlighted in this article as a contextual factor. The business
practices have a process that is considered by the entrepreneur to run the business smoothly. This
article has reviewed journal articles of others to get enough information regarding the selected
topic. The researcher is seeking to address the research gaps for which, they proposed the study
on the knowledge-based view framework and the dynamic capabilities approach in order to
investigate the amending business environment by the case of Hawkshead Relish Company,
which is a family firm functioning in the United Kingdom. The researcher has taken use of
qualitative approach and conducts the face-to-face interviews, on-site observations of the
organization that facilitated them to disclose the link between dynamic capabilities and
networking. There were three terms of seizing, transforming and sensing, which manifested
within the practices of the business. In a brief, the framework highlights the way of associating
family firms at the time of change in the business.
The new findings of this research are the use of various strategies in order to remain in the
competitive market, even in having the changes in business practices. The example of the
company has been taken by the researcher in order to define the business practices by taking
consideration of family business. However, the development of family business research is
indisputable, in which the knowledge gaps have been identified, in the context of lacking
strategic management theory, and a majority of both methods of qualitative and quantitative have
been considered by the researcher. These findings would be helpful for the manager to take

Management and business context 7
effective action for improving the practices of business. The business practices can be improved
if the entrepreneur or the manager has knowledge about the gap.

Management and business context 8
5- The functions of diverse firms.
McHugh, P. J., & Perrault, E. (2018). Accelerating time: The effect of social pressures and
regulation on board gender diversity post-IPO. Journal of General Management, 43(3), 95-
105.
https://journals.sagepub.com/doi/full/10.1177/0306307017752407
Diversity is the key term of the success of the business if it is taking by the organization at
serious level. Diversity in the organization is able to provide different ideas to the company. It is
the article which is made on the effect of the pressure of the social and regulation on board
gender diversity. This article has highlighted a specific post of IPO, which is a high post and
require great attention towards managing the tasks. The researcher has used a legitimacy lens, the
researcher theorizes that amendments in the parallel of the board of directors of the firm survival.
The main aim of this article is to highlight the importance of diversity in the firms. At the same
time, the organization is amplifying invisibility, developing additional socio-cultural legitimacy
pressures in order to developed gender diversity. The researcher put center of attention on the
effect of various sorts and intensity of legitimacy pressures onboard features, the researcher
investigates how amendments in the question of organization legitimacy “to whom” influences
board composition, for which, the researcher explores the comparative influence of society and
regulation on board composition.
The new findings of this research articles are that regulation in the organization keeps
noteworthy value, and for firms that has diversity, should focus on technology for increasing
potential growth. The researcher has used hypotheses by evaluating panel data for all kind of

Management and business context 9
North American technology organizations. These findings would be helpful for the manager to
know more about gender equality in the firm, from which the manager can consider all genders
in case of taking appropriate decisions. The manager has considerable value for these findings
because they can get to know about the particular position in the context of handling diversity.

Management and business context 10
Conclusion
It can be concluded that the management and business context has the noteworthy function in the
method of the decision making process. This paper has involved five contextual factors for
which, specific journal articles have been selected for each topic. It has been analyzed from the
review of all contextual factors that the risk confronting the firm is major contextual factors for
Commonwealth Bank of Australia (CBA). it is because the role of the CBA is huge in financial
term and many people open their account in the bank for saving and transaction purpose. CBA
has huge risks in handling the responsibility of all people, who open an account in a bank, to
secure their money. They have to follow proper guidelines and data protection act so that the
personal information of any customer cannot be revealed. It is the banking company that
provides a number of services to its customers such as retail banking, funds management,
business banking, investment, superannuation, share broking products and services and
insurance. Large extent of people has belief on that organization and the company has a large
risk in handling the security of customer’s personal information. Hence, it is proved that risk
confronting the firm is most suitable contextual factors for CBA.

Management and business context 11