Management practice and Theory Assessment
Management practice and theory refers to the composition of ideas which are formed on how to operate a corporation, firm or a company. The leaders and the managers are called to work in a determined way in achieving the goals, aims, and objectives of the organization. Management practice and theory encompasses the way leaders, and managers of organizations plan, organize and accomplish the methodologies formulated. The managers must be practical in their dockets not just being conceptual. They must come up with policies and laws on how to apply cultural competency to work, collaboration, and terms to inspire employees in order to achieve maximum results in a company. This paper explains clearly the contribution of strategic choice and determinist theories in an organization. The determinist theories are subdivided into resource dependency theory, institutional theory, and ecology theory. This paper shall explain all the theories in a comprehensive manner.
A strategy is the bedrock of any business to progress and advance efficiently and effectively. Right, smart, and realistic strategic choices must be made by the managers of any organization. Strategies in an organization assists in providing a trajectory for the whole organization. The discipline of executing the strategy so as achievement and hitting the goals of the organization must be embodied. According to (Pantelidis, 2015) the formulation of strategy in a business is very important because it assists in fathoming how to achieve the goals and the aims of an organization. A company without a strategy is quite unprofessional and doomed to fail. In setting the strategy the managers and the leaders must note the key important matters that can affect the organization to develop. According to (Caselli, 2016) a strategy assists a lot in helping the organizations to understand fully important potentialities, address weaknesses, and mitigating the vulnerabilities. They should be a harmonious relationship between the managers and their subordinates to enhance collaboration and discretion. In the strategic choices made factors that may affect the organization directly or indirectly should be considered like trends of the environment, technology, culture of the people, and clearly understanding the demography of the area.
Managers should transcend and think critically the problems that are potential to challenge them and how they can solve the disputes for the smooth learning of the organization. Leaders need to evaluate rationally the magnitude of the matters which are likely to bring success or failure in a company. The managers should clearly come up with the aim and the purpose of the organization. The ultimate choice in a strategic plan should magnify and concentrated with a lot of intelligence and wisdom. In the strategy, it should explain who the beneficiaries of the organization are. It should show and state categorically the impartial benefits received by the beneficiaries. The gauge of the effectiveness of an organization is very essential in a strategic choice. Strengths, weaknesses, opportunities, and threats analysis of the organization need to be carried out. It is a noble strategic choice for an organization to note who should be involved in the strategy and the ones to be excluded (Seibert, 2017). The managers are inventible to make significant decisions in the process planning. The significant choices made by the managers have positive consequences since action follows being.
Leaders of organizations and companies should come with the four main stages. The stages are authenticity, believability, communicability, and deliverability. The strategic choices made by the managers must be factual and realistic. The managers should categorically demarcate what they are called to follow and do in an organization and what they are not called to follow and do. Authenticity centralizes its choices the people it intends to assist and the one which will not help. The stage of believability is a choice that refers the commitments and the evidence of the crew which formulates the strategy. Believable choices are coherently arranged into trustworthiness, representativeness, and relevance of the ones who work in the organization. According to (Arda, 2017) a strategic choice should have the means to communicate efficiently to the workers and the beneficiaries of an organization. There should be no difficulty or complexity in modes of delivering information. The strategic choice should be well executed for the achievement of goals and aims to be realized.
3) Determinist Theories
The determinist theory explains the marketplace is potential in controlling itself. Corporations and, firms are required to give a response to variations in the market and must perpetually observe out unpredicted difficulties and consumer changing patterns. The general business, social environment, and marketplace govern how companies are organized. Business objectives and goals ought to be focusing on making profits and its survival to stay afloat. The determinist theories are divided into three. These are resource dependency theory, institutional theory, and population ecology.
- Resource Dependency Theory
Resource dependency theory entails the way the exterior properties of companies influence the performance of the corporations. The obtaining of exterior properties is an essential principle of tactical management and the strategic choices of any organization. The resource dependency has a lot of implications in matters concerning productions strategies, recruitment of employees, external organizational connections, and the contact structure. The leaders and the managers mostly usually rely on multidimensional resources of raw materials, capital, and labor. The organization must encapsulate itself to the standards of scarcity, and criticality. According to (Mazzei, 2017) resource dependency theory is consistently in harmony with the institutional and ecological theories of companies. The companies are manifested as the stable organizations of performance which are constantly under negotiation, reinterpretation, a multitude of competing interests, and interacting with an indeterminate environment of turbulence.
In resource dependency theory managers and leaders should come up with solutions to solve the problems of the companies. The managers ought to have a broad mind in creating connections to other companies, and increasing the scale of organization. Coming up with sensible diversifications brings the aspect of autonomous of the business and improving its leverage. Organizations frequently regulate strategies of the corporations in order to be in line with the dynamic changes of other companies. The wise implications of individual capabilities, resources, and, personal motivation, results in the success of the whole organizations (Anzengruber, 2017). Organizations and firms can be useful if they are docile to identify changes in its surrounding and be flexible to the possibilities.
Institutional theory reflects the performance in which norms, routines, schemes, and rules are applied in the organization. The managers and the leaders ought to come with principles, strategies, and plans that are useful to the whole institution. According to (Wang, 2016) institutional theory is quite important because it helps the organization to respect the opinions of its stakeholders. Organisational institutions maintain a high rate of change because of the actual management of the business that usually takes place each and every day. The theories of the institutions should be followed strictly and rigorously for the maximum achievement of the organization. Organizations are transferred by different kinds of carters which include artifacts, symbolic systems, routines, and relational systems. The managers of institution organization should carry on their line of duties with levels of territorial jurisdiction in controlling different departments of organizations.
Population ecology is a very important aspect of organization theory. The demography of the surrounding people out to be well thought of and evaluated scientifically. Effective leaders of organizations, are on their desk and on the ground always to solve the problems of the whole structure of the organization. Managers of corporations need to form strategies and planning which are adaptable to the changing of the environment. The relationship between environment and organizational structure must reveal adaptive learning or behavior. The people of a specific organization should be identified with one unique characteristic. According to (Coulson, 2017) the managers should act as mentors in offering up right moral principles of professionalism, justice, and transparency. Structure of organization needs to be reflected as a change and result of the common good of the whole organization. The managers and leaders must come up with measures to solve the problems that are challenging the people and creating a lot of technical hitches.
Strategic Choice Most Compelling
The strategic choice is most compelling in this paper because of a number of reasons. When managers and the leaders of a business have a well-structured strategy there is a high probability of the achievement of success. An effective strategy gives coherent plans and directions. The plans must be logically arranged for easier follow-ups. Well formulated strategies align and prioritize the activities of organizations. Managers who have well-formed strategies are transparent and render accountable services. A strategy choice gives brings commitment and communicability in the whole organization. It provides a distinct work structure for decision making. These are the reasons why the strategic choice is the most compelling.
This paper has clearly contribution of the two theories in the organizational theory. The strategic choice and the determinist theories are very useful in an organization. The formulation is of strategy is essential because it creates a direction and a vision of the whole organization. A strategy is quite important and essential in a business organization because it bounds the leader to strictly follow the rules and the principles without deviating. Determinists’ theories are quite important because they too enshrine the leaders of the organization not to go against the terms and the conditions of a business. The resource dependence theory, institutional theory, and population ecology are wise to apply in the business because they assist the managers to strictly follow them for the common good of the organization. The managers and the leaders should be the overall heads of operational management and manage the organization with the stipulated principles and policies. The institution organization should follow a high code of ethics for the common good of the whole organization.
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