www.ccsenet.org/ijbm International Journal of Business and Management Vol. 5, No. 12; December 2010 Impact of Resource Based View and Resource Dependence Theory on Strategic Decision Making Ali Raza Nemati Riphah International University, Islamabad, Pakistan Tel: 92-345-590-5581 E-mail: aliraza.nemati@riphah.edu.pk Afkar Majeed Bhatti Riphah International University, Islamabad, Pakistan Tel: 92-333-535-9743 E-mail: Afkar_tg@yahoo.com Muhammad Maqsal Riphah International University
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without the team, the leader could not have achieved in their position. Trustworthiness: The leader should portray trustworthiness both inside and outside of the office. The leader should be known for their character of integrity and always make decisions that right for the team, not just for political gain in the workplace. If the leader builds and acts of this type of behavior, then the rest of the team will follow suit creating a cohesive team that wants their actions to benefit the whole and not
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J&J made a strategic decision to merge two research and development organizations in the Pharmaceuticals Group. Departments in the Robert Wood Johnson Pharmaceutical Research Institute, headquartered in New Jersey, and the Janssen Research Foundation, headquartered in Belgium, were integrated to create a leading-edge global function called the Drug Evaluation (DE) organization. DE’s purpose is to rapidly generate data that allows J&J to make the best investment decisions about the drug portfolio
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Economic Interest Theory and Regulation The theory suggests that regulations are set of policies driven by forces of supply and demand. The government is placed on the supply side while the interest groups on the demand side. The theory suggests that regulation is developed by the industry and that the objective of regulations is to create advantages to the industry concerned. This theory was developed in 1971 by Chicago theory of government and the economic theory of regulation (J. G. Stigler,
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12’ Professor Albert Yin In this paper I will discuss the affects of conflict, decision making and organizational design in the work place. When people work together, there will be tension and conflict between individuals and groups from time to time. Even in the best of work environments, organizational tension is inevitable. Conflict is the natural outcome of disagreement often resulting from individuals or groups with differing values, desired outcomes, or frame of reference. Such workplace tension
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The stakeholders, designated as “interest groups” or “constituencies”, are “any individual or group who can affect or is affected by the actions, decisions, policies, practices, or goals of the organizations “persons or interests that have a stake, something to gain or lose as a result of its (the organization’s) activities” . The stakeholder is “an individual or group that has some kind of stake in what business does . The question is what a stakeholder is. The typical stakeholders are customers
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1. Introduction to the Topic: Individuals seldom work in loneliness from other. Teams are a trait of all societal situations and roughly everyone in a society will be member of one or more groups. One might think that the formation of team is simply about choosing to work with some of your friends. However, professional and well-functioning team do not just structure out of blue, it take time to achieve the desired result and contribute to the attainment of organizational goals. In this paper we
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while dealing with organizational dilemmas. Furthermore, the human resource frame focuses on needs of people. Leaders working within the human resource frame value the feelings and relationships of people. The political frame focuses on individual and group interests. Political leaders build power bases through networking and negotiating compromises. The symbolic leader develops symbols and culture to shape human behavior and reflects a shared mission and identity for the organization. Leaders working
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Chapter 7 Information & Decision Making 1. Information, Technology & Management a. Must-have competencies i. Technological competency-ability to understand new technologies & to use them to their best advantage ii. Information competency-ability to locate, gather & organize information for use in decision making iii. Analytical competency-ability to evaluate & analyze information to make actual decision making problems b. What is
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the factors which influence our thinking, judgement and decision-making Our everyday lives are filled with many choices and decisions which will impact on our lives both in the short and long-term. Our perception of the impact of these decisions on our own lives and those around us will affect how much time and effort is given to arriving at these decisions. There are several factors which impact on thinking, judgement and decision-making and it is important to note that often these occur simultaneously
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