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Resource Dependence
Resource dependence theory is the study of how the external resources of an organization affect the behavior of the organization. The procurement of external resources is an important tenet of both the strategic and tactical management of any company. Nevertheless, a theory of the consequences of this importance was not formalized until the 1970s, with the publication of ''The External Control of Organizations: A Resource Dependence Perspective (Pfeffer and Salancik 1978)''. Resource dependence theory has implications regarding the optimal divisional structure of organizations, recruitment of board members and employees, production strategies, contract structure, external organizational links, and many other aspects of organizational strategy. Argument for The basic argument of resource dependence theory can be summarized as follows: * Organizations depend on resources.. * These resources ultimately originate from an organization's environment. * The environment, to a considerable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Concentration
In economics, market concentration is a function of the number of firms and their respective shares of the total production (alternatively, total capacity or total reserves) in a market. Market concentration is the portion of a given market's market share that is held by a small number of businesses. To ascertain whether an industry is competitive or not, it is employed in antitrust law land economic regulation. When market concentration is high, it indicates that a few firms dominate the market and oligopoly or monopolistic competition is likely to exist. In most cases, high market concentration produces undesirable consequences such as reduced competition and higher prices. The market concentration ratio measures the concentration of the top firms in the market, this can be through various metrics such as sales, employment numbers, active users or other relevant indicators. In theory and in practice, market concentration is closely associated with market competitiveness, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organizational Studies
Organization studies (also called organization science or organizational studies) is the academic field interested in a ''collective activity, and how it relates to organization, organizing, and management''. It is "the examination of how individuals construct organizational structures, processes, and practices and how these, in turn, shape social relations and create institutions that ultimately influence people". Organizational studies comprise different areas that deal with the different aspects of the organizations, many of the approaches are functionalist but critical research also provide an alternative frame for understanding in the field. Fundamental to the study of management is organizational change. Historically, facilitating organizational change has proven to be a difficult subject, which is why different theoretical frameworks have evolved in an attempt to strategically streamline this process, such as utilizing external actors, or interim organizations, where it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transaction Cost Economics
In economics, a transaction cost is a cost incurred when making an economic trade when participating in a market. The idea that transactions form the basis of economic thinking was introduced by the institutional economist John R. Commons in 1931. Oliver E. Williamson's ''Transaction Cost Economics'' article, published in 2008, popularized the concept of transaction costs. Douglass C. North argues that institutions, understood as the set of rules in a society, are key in the determination of transaction costs. In this sense, institutions that facilitate low transaction costs can boost economic growth.North, Douglass C. 1992. "Transaction costs, institutions, and economic performance", San Francisco, CA: ICS Press. Alongside production costs, transaction costs are one of the most significant factors in business operation and management. Definition Williamson defines transaction costs as a cost innate in running an economic system of companies, comprising the total costs of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Theory
In sociology and organizational studies, institutional theory is a theory on the deeper and more resilient aspects of social structure. It considers the processes by which structures, including schemes, rules, norms, and routines, become established as authoritative guidelines for social behavior. Different components of institutional theory explain how these elements are created, diffused, adopted, and adapted over space and time; and how they fall into decline and disuse. Overview In defining institutions, according to William Richard Scott (1995, 235), there is "no single and universally agreed definition of an 'institution' in the institutional school of thought." Scott (1995:33, 2001:48) asserts that: According to Scott (2008), institutional theory is "a widely accepted theoretical posture that emphasizes productivity, ethics, and legitimacy." Researchers building on this perspective emphasize that a key insight of institutional theory is ethics: rather than necessaril ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Sovereignty
Consumer sovereignty is the economic concept that the consumer has some controlling power over goods that are produced, and that the consumer is the best judge of their own welfare. ''Consumer sovereignty in production'' is the controlling power of consumers, versus the holders of scarce resources, in what final products should be produced from these resources. It is sometimes used as a hypothesis that the production of goods and services is determined by the consumers' demand (rather than, say, by capital owners or producers). ''Consumer sovereignty in welfare'' is the idea that the consumer is the best judge of their own welfare (rather than, say, politicians). It is used to claim that, for example, the government should help the poor by giving them monetary transfers, rather than by giving them products that are deemed "essential" by the politicians. Consumer sovereignty in production Consumer sovereignty was first defined by William Harold Hutt as follows:The consumer is s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Anthropology
Economic anthropology is a field that attempts to explain human economic behavior in its widest historic, geographic and cultural scope. It is an amalgamation of economics and anthropology. It is practiced by anthropologists and has a complex relationship with the discipline of economics, of which it is highly critical. Its origins as a sub-field of anthropology began with work by the Polish founder of anthropology Bronislaw Malinowski and the French Marcel Mauss on the nature of reciprocity as an alternative to market exchange. In an earlier German context, Heinrich Schurtz has been cited as a “founder of economic anthropology" for his pioneering inquiries into money and exchange across different cultural settings. Post-World War II, economic anthropology was highly influenced by the work of economic historian Karl Polanyi. Polanyi drew on anthropological studies to argue that true market exchange was limited to a restricted number of western, industrial societies. Apply ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Outline Of Organizational Theory
The following outline is provided as an overview of and topical guide to organizational theory: Organizational theory – the interdisciplinary study of social organizations. Organizational theory also concerns understanding how groups of individuals behave, which may differ from the behavior of individuals. The theories of organizations include bureaucracy, rationalization (scientific management), and the division of labor. Each theory provides distinct advantages and disadvantages when applied. The classical perspective emerges from the Industrial Revolution in the private sector and the need for improved public administration in the public sector. Forms * Conglomerate * Community organization * Formal organization ** Articles of organization ** Corporate structure ** Self-regulatory organization * Functional organization * Informal organization ** Cooperative ** Non-governmental organization * International organization ** Intellectual property organization * Membe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey Pfeffer
Jeffrey Pfeffer (born July 23, 1946, St. Louis, Missouri) is an American business theorist and the Thomas D. Dee II Professor of Organizational Behavior at the Stanford Graduate School of Business. Biography Pfeffer graduated high school from the Webb School of California. He received his BS and MS degrees from Carnegie-Mellon University and his PhD from Stanford University. He began his career at the business school at the University of Illinois and then taught at the University of California, Berkeley from 1973 to 1979. Pfeffer has given talks in 39 countries around the world and has taught management seminars for numerous companies and associations in the United States including Sutter Health, the Mayo Clinic, Kaiser Permanente, John Hancock, Hewlett-Packard, and the Online Publishers Association now called Digital Content Next (DCN). Pfeffer has served on the boards of several human capital management companies including Resumix, Unicru, and Workstream. He also served o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
