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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