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MGMT20144 Management And Business Context
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MGMT20144 Management And Business Context
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Course Code: MGMT20144
University: Central Queensland University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Question:
This is an annotated bibliography that will be 1600 words +/- 10%
Week 5 Friday (10 Aug 2018) 11:55 pm AEST
This individual written assessment is designed to:
Assist you to develop your knowledge of management and business contexts
Give you the opportunity to enhance skills in research, professional responsibility, and written communication.
All submissions must be uploaded through the Assessment Item 1 link on the unit Moodle page.
The annotated bibliography can be uploaded as a pdf or word document.
Penalties for late submission are applied according to the policy. This is 5% of the total marks for this assessment item deducted for every day the assignment is late.
Choosing journal articles
Your task is to compile an annotated bibliography of five recent (2014-2018) peer reviewed journal articles from the list of journals provided.
You cannot use articles from any other journals and you cannot use the journal articles that are on the unit Moodle site.
You must include the doi for each journal article in the reference list. For example:
Derouiche, I., Hassan, M., & Amdouni, S. (2018). Ownership structure and investment-cash flow sensitivity. Journal of Management & Governance, 22(1), 31-54. DOI: 10.1007/s10997-017-9380-x
Academy of Management Journal
Administrative Science Quarterly
Asia Pacific Journal of Management
Australian Journal of Management
British Journal of Management
California Management Review
Harvard Business Review
International Journal of Management Reviews
International Small Business Journal
Journal of International Management
Journal of International Business Studies
Journal of Management
Journal of Management Studies
Journal of Small Business Management
Management and Organization Review
Organization Studies
1.Identify five (5) journal articles that match the first five topics of this unit.–That is, you must find one journal article per topic:
a.Organisational structures or governance,
b.Environmental forces,
c.Risks confronting the firm,
d.Organisation and business practices, and
e.The functions of diverse firms.
–You should search the library databases via the online ‘advanced search’ function of the CQUniversity library. By choosing the ‘advanced search’ function you can select the actual journal you wish to search.
2.Write a short 150 word introduction discussing why the contextual factors are important to organisational decision making. The introduction is 150 words in total not 150 words per article.
3.Write approximately 250 words per journal article that:
a.Defines the main contextual factor being discussed in the journal article,
b.Discusses the new findings in relation to the contextual factor, and
c.Highlights what these findings mean for managers in organisations.
4.Write a short 200 word conclusion recommending one specific contextual factor as most important to CQUniversity’s organisational performance. Explain your reasoning.
5.Write a reference list correctly:
–It must use the APA referencing style
–Each reference appears before each annotated bibliography
–It has a hanging indentation
–There are specific fonts and formatting that must be used:
Derouiche, I., Hassan, M., & Amdouni, S. (2018). Ownership structure and investment-cash flow sensitivity. Journal of Management & Governance, 22(1), 31-54. DOI: 10.1007/s10997-017-9380-x
Explaining how major contextual factors affect business decision making (5 marks).
Defining key terms, theories and concepts presented in Topics 1-5 (5 marks).
Critical evaluation of managerial actions in relation to the contextual factors discussed in Topics 1-5 (10 marks).
Demonstrating understanding of the impact of a contextual factor on organisational performance (5 marks).
Correctly using the APA referencing system to cite academic sources in-text and in the reference list (3 marks).
Correctly using appropriate conventions of academic writing (2 marks).
Contextual factors: are characteristics of the internal and external environment; such as structure, functions, environmental forces, risks, etc.
Key terms: words that are being used in this unit such as sole trader, structure, SWOT analysis, benchmarking etc.
Concept: this is an abstract idea that someone has named and defined. For example, the concept of employee engagement is defined as the extent to which employees feel passionate about their jobs, are committed to the organisation, and put discretionary effort into their work. It has a cognitive, affective, and behavioural component.
Theory: is a supposition or a system of ideas intended to explain something. For example, increasing employee engagement will increase performance, customer satisfaction, profitability and productivity, and reduce employee turnover
Critical evaluation of managerial actions: give your verdict as to what extent a statement or findings within a piece of research are true, or to what extent you agree with them. Provide evidence taken from a wide range of sources which both agree with and contradict an argument.
Impact: what is the effect or influence of the contextual factor on the organisation?
APA referencing system: you must only use this referencing system in the body of the essay and in the reference list at the end. Ensure you familiarise yourself with it!
Appropriate conventions of academic writing: this is quite a formal style of writing discussed later.
Appropriate writing conventions
Must be within the word limit (first word of introduction to last word of the conclusion).
Write in paragraph form with full sentences. A paragraph is more than one sentence.
Introduce a new topic in a new paragraph, don’t write overly long paragraphs.
Make the first or last sentence the topic sentence of the paragraph.
Write using formal academic language and specific Management and Business Context words, theories, concepts and terms.
Avoid using casual conversational language. For example, instead of writing “it’s a good idea to think about . . .” write “an important consideration is . . ”
Write in the third person not using “I”, “we”, “one”, “he/she”.
Plagiarism is the intentional use of someone else’s ideas, words or concepts in your assignment without appropriate acknowledgment. It is considered serious misconduct at university and should be avoided at all times.
Committing plagiarism can carry very serious penalties for students, including expulsion from the university.
Past penalties include zero marks or a reduction of marks for an assignment. This reduction of marks on one assessment item has even lead to failure of the entire unit!
TurnItIn is the first place that we look for when assessing plagiarism. This score may increase even after you submit your assignment as more comparisons are made between your work and other students’ work, journal articles or information.
CQUniversity has a policy on plagiarism and you are strongly encouraged to familiarise yourself with it.
Not having read the policy is no excuse when you are reported for plagiarism.
The following URL will lead you to CQUniversity’s policy repository where you can search for plagiarism procedures and policy.
There is also information on the unit Moodle site about plagiarism and academic misconduct. You should read this information and watch the student video.
Please ensure you upload the correct assignment to Moodle.
You will not have the opportunity to have your assignment removed and replaced because you:
–Received a high TurnItIn score or
–Accidently uploaded an assignment from another unit or student or
–Submitted the assignment without the reference list or
–Submitted the wrong copy of your assignment.
Only the unit coordinator can approve extensions on assignments; but, do not email the unit coordinator directly.
All extensions must be applied for via the Assessment Extension Request system on Moodle.
Criteria for deciding assessment extension requests incudes:
–The extension request is in writing and includes sufficient details, such as relevant grounds and supporting documents, to enable an informed decision;
–When the extension request was received
–Any other relevant circumstances.
The act of applying for an extension is no guarantee that it will be granted. Late penalties apply when an extension is not granted. (5% of the possible marks = 1.5/day)
The markers will use the ‘Feedback Studio’ in Moodle when marking your assignment.
You will need to click on the ‘blue pencil’ to the right of your TurnItIn score to access feedback.
You will notice blue ‘callouts’ and short phrases that contain feedback. Click on these to see the feedback that the marker has written.
There is also an ability to access the marking rubric here by clicking on the blue symbol made up of eight little squares on the right of the screen.
If you have any questions about any of the assessment items you are encouraged to ask them on the Q & forum on Moodle.
The Q & A forum is on the left side of the MGMT20144 Moodle home page.
Do not email the unit coordinator with your questions as your question might be relevant to other students too.
By using the Q & A forum every student can see the question and receive the same answer.
Answer:
The contextual factors are essential in nature for the decision-making in the organization as these are the different kinds of characteristics of the environment which are related to the entire effectiveness of the collaboration. There is huge complexity in the business environment such as there are different political and economic risks.
This approach is being followed by the managers in the organization to study the business environment in which the business is operated and the style of leadership which is required to be followed in the organization as well. Furthermore, the contextual factors will help in gaining knowledge on the decision-making process which will become efficient in analyzing the decisions effectively and in an appropriate manner as well.
Lastly, the knowledge will be gained from the analysis of the contextual factors to approach the decisions and dimensions which are required to be analyzed while working in the organization in an appropriate manner.
Journal Article on Organizational Structure
Cheng, B., Ioannou, I., & Serafeim, G. (2014). Corporate social responsibility and access to finance. Strategic management journal, 35(1), 1-23. (doi/abs/10.1002/smj.2131)
Main Contextual Factor Discussed in the Article
The main contextual factors which have been discussed in the respective article is regarding the corporate social responsibility and structure and the types of the organizational structure which exists in the different firms. Furthermore, this has been seen that the different kinds of organizational structures include partnership, sole trader along with limited partnership. The incorporated association is registered legal entity which plays an essential role in the success of the organization.
The different kinds of institutional theory have been discussed which have been coupled with the corporate governance and entrepreneurship literature. Furthermore, there has been highlight of the entrepreneurial identity which helps in interacting with national governance logic and discretion as well.
New Findings in Contextual Factors
The findings which have been found regarding the contextual factors is the corporate governance which helps in increasing the overall accountability of the firm in an effective manner. Furthermore, the contextual factors will help in facilitating entrepreneurial prudent management which will help in managing the companies and directing the same in an effective manner. In the article, this has been seen that the directors of the companies are entirely responsible for the governance of the different companies in an efficient manner.
Meaning of Findings for Managers in Organizations
In the different organizations, this has been seen that managers in the organization are entirely responsible for the different activities of the organization which takes place. Furthermore, this has been seen that all the managers in the organizations need to have high integrity along with appropriate kind of competence as this helps in representing the interests of the different shareholders for achieving the long-term success of the organization.
Journal Article on Environmental Forces
Schilke, O., 2014. On the contingent value of dynamic capabilities for competitive advantage: The nonlinear moderating effect of environmental dynamism. Strategic management journal, 35(2), pp.179-203.
Main Contextual Factor Discussed in the Article
The main contextual factors which have been discussed in the article is relating to the external environment analysis of the company. Furthermore, this has been seen that the while making decisions of the company, it is essential to take into account the different environmental factors such as political, economic and social risks which will have huge impact on the decision-making process of the organization. Furthermore, this is seen that the uniqueness of the innovation does not guarantee success and this can be disastrous for the company to gain competitive advantage.
New Findings in Contextual Factors
As per the different contextual factors, this can be analyzed and identified that the external environment or the PESTEL analysis plays a major role in gaining huge competitive advantage in the economy. Furthermore, the different factors of the external or macro environmental analysis can negate all the different efforts of the promotion of the product in the market as well. In the article, this has been discussed that the decision-making tools and techniques will help in managing the different hurdles effectively as the uncertainty can be removed in an appropriate manner.
Meaning of Findings for Managers in Organizations
The findings of the article help in making the different managers understand about the different kinds of factors which have to be taken care by the managers of the organization. This has been seen that the managers of the organizations are solely responsible for the different decisions which are being taken by them as to gain more specific knowledge on the uncertainty which can be helpful in managing the different kinds of innovations which can be undertaken.
Journal Article on Risks Confronting the Firm
Rice, C., & Zegart, A. (2018). Managing 21st-Century Political Risk Today’s Threats Are More Complicated, But The Remedies Don’t Have To Be. Harvard Business Review, 96(3), 130-138. (Retrieved from
Main Contextual Factor Discussed in the Article
The main contextual factor which have been discussed in the article is relating to the different kinds of risks which are being faced buy the firms in the market. This has been seen that the firms in the 21st century are facing various challenges from macro and micro environment. Furthermore, this has been seen that these factors are required to be solved by different advancement of technologies which are innovative in nature.
New Findings in Contextual Factors
The new findings in the contextual factors include the different kinds of macro and micro environment factors such as PESTEL analysis can help in determining the different kinds of risks which can affect the entire productivity of the firm in a negative manner. Furthermore, this has been analyzed that in the present scenario, the organizations are being complex and there are different issues faced by them which is required to be solved with proper innovations which will be helpful in nature. The main risk which is diagnosed by the firms in the 21st century is relating to the different kinds of political and economic risks which is required to be determined and solved effectively with implementation of different technologies and technological implementation.
Meaning of Findings for Managers in Organizations
The findings in the article helps the manager in gaining knowledge on the different kinds of risks associated with the firms such as macron and micro environmental risks. Furthermore, this has been seen that the organizations are suffering from such political and economic risks which are required to be solved by the managers in the organization by introducing the different technological advancements in the organization effectively.
Journal Article on Organization and Business Practices
Zenger, J., & Folkman, J. (2017). How Managers Drive Results and Employee Engagement at the Same Time. Harvard Business Review, 19.
Main Contextual Factor Discussed in the Article
The main contextual factor which have been discussed in the article is relating to the employee engagement practices which are being followed in the different organizations effectively. Furthermore, the role of the different managers is essential in driving positive results and engaging the employees in the organization at the same time. Furthermore, employee engagement is essential in nature in organizations which helps in managing the different kinds of issues in a positive manner.
New Findings in Contextual Factors
The new findings in the contextual factors is relating to the employee engagement practices which are being undertaken by the different kinds of managers in the organizations. Furthermore, this has been seen and analyzed that employee engagement helps in improving the overall productivity of the organization along with increasing the overall profitability of the firm as well. Furthermore, this has been seen and analyzed that the results can be driven by the managers in the organization with the help of improving the engagement of the employees and this will be helpful in increasing profitability.
Meaning of Findings for Managers in Organizations
The new findings for the managers in the organization is relating to the employee engagement activities which will help in improving the overall productivity. Furthermore, this helps in managing the results and this will act as the technique which will enable in managing the motivation which is required to be provided to the employees in the organization and this will help managers in being more competitive in nature.
Journal Article on The Functions of Diverse Firms
Liu, D., Gong, Yaping, Zhou, Jing, & Huang, Jia – Chi. (2017). Human resource systems, employee creativity, and firm innovation the moderating role of firm ownership. Academy of Management Journal: AMJ, 60(3), 1164-1188.
Main Contextual Factor Discussed in the Article
The main contextual factor which have been discussed in the article is relating to the different functions of the diverse teams which will help in making the activities effective in nature. Furthermore, the human resource management function is the main contextual factor in the article which have been discussed and this helps in bringing the creativity among the employees and there will be innovation in the activities of the firms as well.
New Findings in Contextual Factors
The new findings in the contextual factors is that the main duty of the human resource management department is to motivate the different employees in the organization. The employee productivity will be increased as this will improve the structure of the firm along with the different activities which will be performed by the firm as well. Additionally, this has been seen and analyzed that the firms need to motivate the employees in such a manner which will become effective in nature in gaining competitive advantage in the firm.
Meaning of Findings for Managers in Organizations
The findings for the managers in the organizations include that the employee engagement leads top creativity among the different employees working in the organization. It has been seen and analyzed that the employees are creative in performing the different tasks in an effective manner. Lastly, the employee engagement is essential and mandatory in nature in managing the tasks effectively without much difficulties along with managing the different kinds of activities efficiently.
Conclusion
Therefore, this can be concluded that the contextual factors are essential in nature in the organization as this helps in managing the different kinds of activities effectively. Furthermore, this has been seen and analysed that the managers are responsible for the different kinds of activities in the organization which will improve the morale of the employees and gain knowledge on the needs of employees which will be effective in nature to improve the morale of the employees.
Furthermore, the employees are required to be provided with huge morale as this has helped in gaining the creativity in an efficient manner. The organizational performance helps in comprising of the actual outputs or results of the organization which is measured against the intended outputs. This has been seen that the employee creativity is essential which improves the macro and micro environmental risks that has affected the overall performance of the organization.
Lastly, the different assessment of the organizational performance is measured which improved the overall efficiency of the firms in a positive manner. This has been seen that the macro and micro environmental factors have created major impression on performance of the teams and this has helped in managing the performance of teams effectively.
References
Cheng, B., Ioannou, I., & Serafeim, G. (2014). Corporate social responsibility and access to finance. Strategic management journal, 35(1), 1-23.
Schilke, O., 2014. On the contingent value of dynamic capabilities for competitive advantage: The nonlinear moderating effect of environmental dynamism. Strategic management journal, 35(2), pp.179-203.
Hogan, S. J., & Coote, L. V. (2014). Organizational culture, innovation, and performance: A test of Schein’s model. Journal of Business Research, 67(8), 1609-1621.
Liu, D., Gong, Yaping, Zhou, Jing, & Huang, Jia – Chi. (2017). Human resource systems, employee creativity, and firm innovation the moderating role of firm ownership. Academy of Management Journal: AMJ, 60(3), 1164-1188.
Rice, C., & Zegart, A. (2018). Managing 21st-Century Political Risk Today’s Threats Are More Complicated, But The Remedies Don’t Have To Be. Harvard Business Review, 96(3), 130-138.
Smetana, J. B., Rogers, M., & Welfel, S. (2017). Organizational Culture and Leadership’s Impact on a Safety Program Change Model. Theory and Applications in the Knowledge Economy, 329.
Zenger, J., & Folkman, J. (2017). How Managers Drive Results and Employee Engagement at the Same Time. Harvard Business Review, 19.
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