Whole Body Vibration
Assignment Title: Research Proposal on Flawed
Management Theories throw negative impact on good management practices
Module Code: BE4S32
Assignment No: 2
Alan Protheroe
Student No: 11058196
Glamorgan University – Option Question 1
Final Submission Date: 11th November 2011
1
Table of Contents
Title Page
1
Table of Contents
2
Introduction
3-4
Agency Theory research methodology
5
Porter’s Five Forces research methodology
7
Value-Based Management research methodology
9
Triple Bottom Line research methodology
10
Conclusion
12
Bibliography
15
2
Introduction
The relationship between theory and practice is a common area of examination in many disciplines and an ideal area to carry out resea rch. In more recent times there has been a great deal of positive and negative writing within the academic community about good management practice being negatively impacted by flawed management theories, this has been more apparent in light of the recent economic collapse throughout the global community. This research essay will examine the effect of bad management theory and its effect on good management practices by discussing a model called Agency theory and the argument formed of its benefits over ot her management models. Three businesses models will also be researched in this essay to form positive and negative arguments they are: Triple Bottom Line, Value Based
Management and Porters Five. I believe in recent years, there has been a more increasing interest in the beliefs and values of several popular management theories which are prevalent and common practice. The main or predominant use of theories such as agency theory, have given these management approaches credibility and positioned them as the de-facto “status quo” approaches in many parts of business communities. People are questioning the realms of agency theory and its role in be a fundamental factor in the collapse of
Management Theories throw negative impact on good management practices
Module Code: BE4S32
Assignment No: 2
Alan Protheroe
Student No: 11058196
Glamorgan University – Option Question 1
Final Submission Date: 11th November 2011
1
Table of Contents
Title Page
1
Table of Contents
2
Introduction
3-4
Agency Theory research methodology
5
Porter’s Five Forces research methodology
7
Value-Based Management research methodology
9
Triple Bottom Line research methodology
10
Conclusion
12
Bibliography
15
2
Introduction
The relationship between theory and practice is a common area of examination in many disciplines and an ideal area to carry out resea rch. In more recent times there has been a great deal of positive and negative writing within the academic community about good management practice being negatively impacted by flawed management theories, this has been more apparent in light of the recent economic collapse throughout the global community. This research essay will examine the effect of bad management theory and its effect on good management practices by discussing a model called Agency theory and the argument formed of its benefits over ot her management models. Three businesses models will also be researched in this essay to form positive and negative arguments they are: Triple Bottom Line, Value Based
Management and Porters Five. I believe in recent years, there has been a more increasing interest in the beliefs and values of several popular management theories which are prevalent and common practice. The main or predominant use of theories such as agency theory, have given these management approaches credibility and positioned them as the de-facto “status quo” approaches in many parts of business communities. People are questioning the realms of agency theory and its role in be a fundamental factor in the collapse of
Bibliography: Crawford, David., (2005, July 13) Triple Bottom Line Reporting: A Strategic Introduction to Economic, Environmental and Social Performance Measures , Ghoshal, Sumantra, (2005) Bad Management Theories Are Destroying Good Management Practices, Academy of Management Learning & Education, Volume 4 Ghoshal, Sumantra, (2005) Sumantra Ghoshal On Management: A force for good, UK: Financial Times / Prentice Hall 1st Edition Malonis Jane A., Cengage, Gale (2000) (eNotes.com 2006) "Agency Theory." Encyclopedia of Business Meckling, William H., Jensen, Michael C., (July 1, 1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure Harvard University Press, December 2000; Journal of Financial Economics (JFE), Vol. 3, No. 4, 1976. KEN=14360210 (16/10/2011) Mullins, Laurie J., (2007) Management and Organisational Behaviour 8th Edition UK: Financial Times / Prentice Hall Norman, Wayne., MacDonald, Chris. (2004, April) Getting to the bottom line of “Triple Bottom Line” Business Ethics Quarterly (April) Article pages 1 to 19. Content available on: http://www.businessethics.ca/3bl/triple_bottom_line_abs tract.html (17/10/2011) Producer) Barth Willy (Studio Director), Hudgins, Edward (Guest), Folbre, Nancy (Guest), Henwood Doug (Guest) (2009 Oct 9th) The Current: Greed is Good panel (Radio Broadcast) Ottawa, Canada CBC Radio Content available on: http://www.cbc.ca/thecurrent/2009/200910/20091009.html (16/10/2011)