Discuss About The Resource Partitioning Organisational Ecology.
The paper will explain the relationship among the dependent, independent and control variable variables in analyzing the competitive strategies and organizational forces within venture capital industry.[1] Considering the same, the research will focus on analyzing the impact of age dependence, niche market and resource partitioning on organizational ecology in the field venture capital industry. In revising the organization ecological theory of competition and legitimating, it was theorized that the anticipated legitimating level of a class grows monotonically in contrast the population rather than density. This is deemed to affect empirical predication needs empirical confirmation.[2] The revised theory of resource portioning indicates that it matters whether the analyzed structural change is the initiating change within a cascade or simply within a sequence of longer sequence. Within consideration to organization ecology theory, focus has been out on the allocation principle in order to attain useful implications. Such principle, expenditures engagement is just one aspect of the niche decreases the possibilities of management within other factors.[3] Implementation of such principle leads to arguing that multiple category membership decresaes competitive viability and strength. The revised resource partitioning theory is observed for more detailed guidance on empirical testing.
The aim of the research is to analyze the impact of age dependence, niche market and resource partitioning on organizational ecology in the field venture capital industry.
The research objectives that are to e addressed in this research are explained under:
The research question that will be answered through completion of the research is:
The research hypotheses that are to be tested in accomplishing the research on theoretical aspects of organization ecology are explained below:
Venture Capital industry signifies the financial intermediation form that provides funding for strengthening the competitive position of the company. It depends on various segments for shaping the competitive advantage in a more advanced way. Organisational ecology signifies the important approaches associated in the sociological aspects[4]. It is mainly concerned with the emerging competition among the organisations in terms of developing the relationship to the market foundation. The literature study would explore the theoretical aspects of the organisational ecology with the special reference of Venture Capital Industry. The linking between the dependable variable, independent variable, and control variable would be discussed in this section of the study. Obtained information would thus provide the enriched ideas regarding the entire research plan.
Ecological study is widely concentrating on the structural arrangements and the pattern of the employees’ performance level. It seeks interference by developing the understanding about the initial condition and the observable organisational shifts that have altered the organisational landscape much significantly[5]. The precision of the ecology model concentrates on the measurement of accepting the relevant techniques to manage competitiveness. The age dependence in organisational ecology determines the time scale of operating in a market and deal with the business functions to develop competitive advantage. The integrating theory of age dependence offers the four diverse explanations for obtaining knowledge about the vulnerability of young organisations[6]. It has been explained that the new organisations usually lack the necessary social and technical skills that help in building up the smoother organisational functioning. On the contrary, it was defined that the members associated with the old organisations have the potentiality to learn the required skills and establish the loyalty within the organisation. They are already aware of the things that are needed to be done instead of waiting for the exact ways shown by the leaders[7]. On the other hand, the new organisations depend on the direction provided by the leaders to perform the organisational functionalities that can lead towards success.
Another argument defines that organisations must look forward to invent relationships between roles, sanctions, and structure of the rewards. The organisations cannot function reliably if there is the gap identified in the development of such relationships. It is thus necessary for the new organisations to understand the appropriate operations process to achieve competitive advantage. It has been argued that in order to develop the social relations, the new organisations usually tend to involve the strangers[8]. In such regards, it has been observed that one cannot become sure whether the jobs will be completed within the stipulated time, budget, and according to the specifications. Moreover, the new organisations become more uncertain and vulnerable than the old ones. The final argument is concerning the embedded aspects. It is noticeable that the organisations often lack the social bonding with the external constituencies. It thus becomes harder to mobilize the resources and ward of attacks in the competitive scenario.
According to previous research, the conceptual analysis of the niche market is one of the most valuable aspects that specify environmental dependencies and competitive processes in a significant manner. The differences identified in the conceptual analysis would provide the clarified guidelines of the concept based on the empirical studies. The Niche Theory is generally focusing on the fundamental niches that are introduced as the region of a resource space in which an organisation can develop the operational functions event when the competition is absent[9]. It is notified that that the fundamental niches have the capability of tracing the fits between the organisation and the operating market. Choice of focus contributes much significantly in the realised or fundamental niches. There is some of the considerable reasoning about the empty intersection that might occur. First, it is noticeable that the underlying fundamental niches are free from intersection whereas the second defines that the fundamental niches can overlap[10]. However, in such cases, it has been observed that the intense competition between the two organisations can produce partitioning[11]. There is not discrimination identified between the polar cases.
Resource partitioning in the organisational ecology is aligned with the niche theory. However, the linking between these two theories is still unsettled. Nonetheless, it is noticed that both lines of theory building explicitly on the broader concept of niche market. It generally defines the specialism to develop the diverse assumptions based on the possible tradeoffs between the breadth of adaptive capacity and peak fitness[12]. It is opined that resource partitioning theory indicates that the generalists might receive the considerable benefits from the multiple activities only when they achieve the larger scale. It is noticeable that such scale economies could become strong enough to outweigh any of the overhead costs that have the broader niche. It provides the overall advantage to the generalist organisations. The researches based on the resource portioning theory are mostly depending on the realised niche market. It is notified that the larger organisations generally have the larger realised niche in compare to the smaller organisations with the similar fundamental niche if the strong advantages are provided in an operating market[13]. The resource partitioning theory is usually paying attention towards the changes associated with the realised niches. It is observed that the formalization of the resource partitioning depends on the four specific properties, such as scale advantage, a partition of the market into a center, a market center, and crowding[14]. The scale advantage suggests the returns to some of the activities that grow with the scale to the extent it are done. On the other hand, the market center determines the presence of the market center. Market center is associated with the model of partitioning that concerns with the linkage between the centers and the fates of the organisation within its margin. The development of the considerable dynamics would thus help an organisation to develop the clear focus regarding the resource partitioning.
The study focuses on the impact of age dependence, niche width, and resource partitioning on the organisational ecology in the venture capital industry. The dependable variable is organisational ecology, which is influenced by the independent variables, such as resource partitioning, age dependence, and niche width. The control variable is the Venture Capital industry within which the organisations would establish the business functionalities. The precision of the ecology model concentrates on the measurement of accepting the relevant techniques to manage competitiveness[15]. The age dependence in organisational ecology determines the time scale of operating in a market and deal with the business functions to develop competitive advantage. It has been observed that one cannot become sure whether the jobs will be completed within the stipulated time, budget, and according to the specifications[16]. Moreover, the new organisations become more uncertain and vulnerable than the old ones. Therefore, it has been observed that the underlying variables in this research plan have the linking with each other.
The literature study aims to focus on the conceptual and theoretical analysis of the specific elements of organisational ecology. The complete analysis of the segmentations provides the understanding of the subject area more specifically. However, it has been observed that this particular scientific research requires the development of the scientific techniques and mathematic formulation to analyse the subject in a clarified manner. On the other hand, the updated formula of analyzing the subject matter is also a considerable gap identified in the literature section. The precision of the ecology model concentrates on the measurement of accepting the relevant techniques to manage competitiveness. The age dependence in organisational ecology determines the time scale of operating in a market and deal with the business functions to develop competitive advantage. The lack of in-depth analysis is the most observable gap in this literature.
The chapter develops the clear linking between the dependable, independent, and controllable variables. Organisational ecology signifies the important approaches associated in the sociological aspects. It is mainly concerned with the emerging competition among the organisations in terms of developing the relationship to the market foundation. The organisations cannot function reliably if there is the gap identified in the development of such relationships. It is thus necessary for the new organisations to understand the appropriate operational process to achieve competitive advantage. The development of the understanding related to these subject areas would be applied to the further study.
In carrying out research on investigating the three major theoretical aspects of the organization ecology, suitable secondary research methodology will be selected. Secondary data regarding the topic will be gathered from authentic government websites along with journals.[17] Primary data regarding the subject will be gathered through employing research survey method. Descriptive research design will be employed in this research for the reason that this can facilitate in developing a list of recommendations for decreasing the problems at the accomplishment of the research. Both the quantitative and quantitative data will be gathered for attaining authentic human perception regarding the research variables. 11 managers from the organization belonging to venture capital industry will be selected to answer the survey questions. Simple random sampling process is employed in gathering the sample size as this method offers equal chance for all the participants to get selected from the sample population.[18] The survey questions will consider attaining viewpoint on the ways in which the three independent variables such as age dependence, niche market and resource partitioning has an impact on the dependent variable that is organizational ecology within in Venture capital industry. Certain ethical considerations will also followed in conducting survey with the selected managers.[19] It will be made sure that the information gathered from the managers will be kept confidential and the research will be the sole work of the research. In order to gather effective outcome and findings from the research MS Excel will be employed. In analyzing the data, correlation and regression analysis will be carried out. Regression analysis will facilitate in testing the hypothesis in the research and for revealing the relationship between independent, dependent and control variables.[20]
After accomplishing the research, the expected outcomes of investigating the three major theoretical aspects of the organization ecology in the selected population are gathered. The research will reveal that the interpretation of an ascendant clause that is not problematic along with considering the rest of the proposition.[21] It will also be revealed from the research that there are three types of theories of age dependence related with the mortality hazards. The research will also offer reveal implications regarding integrate the age dependence within a theory of nonmonomotonic reasoning. This can apparently conduct a good job of fitting within the empirical patterns reported for arguments applied within organization’s life course phases.[22]
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