The strategic management of resource dependence theory is described “…that organizational survival hinges on the ability to procure critical resources from the external environment.” (Casciaro & Piskorski, 2005, p. 167) The competitive advantage of unique resources that are limited reduces the percentage of imitation that is obtainable from other organisations within the same field and external environment. With focus purely on resources, it creates an uncertain environment for most firms which instigates mergers, partnerships, and sharing of resources to ensure more diplomatic and stable means of survival. These types of survival can be viewed as opportunism-based and knowledge-based strategies. (K. R. Conner & Prahalad, 1996)
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They also develop contacts with other companies that directly relate to the process and structures of a project like engineers, product representatives, contractors, and so forth. The interior designers are not dependent on the firm they work within but on the projects that are brought to the enterprise. Flexibility to move within various other companies that can provide work and less pressure on the organisations to keep employees within their firm if they cannot pay for them as they are mostly interchangeable. It is an established norm within the field to circulate the major companies as long as it is within the same sector like healthcare, corporate offices, residential, institutional, and so forth because the experience, knowledge, and skill developed in this area are …show more content…
It depicts the importance that managers and employees have on the productivity and earning potential through strategic management and resource dependence theory when it comes to their knowledge and skills, and dynamic capabilities. It also influences the structure and norms within a firm as a fall back for individual’s knowledge for success. Resource dependence theory and strategic management do not just have an effect on a company regarding material goods, but an influence on the people and their influence on the
Throughout …show more content…
They also develop contacts with other companies that directly relate to the process and structures of a project like engineers, product representatives, contractors, and so forth. The interior designers are not dependent on the firm they work within but on the projects that are brought to the enterprise. Flexibility to move within various other companies that can provide work and less pressure on the organisations to keep employees within their firm if they cannot pay for them as they are mostly interchangeable. It is an established norm within the field to circulate the major companies as long as it is within the same sector like healthcare, corporate offices, residential, institutional, and so forth because the experience, knowledge, and skill developed in this area are …show more content…
It depicts the importance that managers and employees have on the productivity and earning potential through strategic management and resource dependence theory when it comes to their knowledge and skills, and dynamic capabilities. It also influences the structure and norms within a firm as a fall back for individual’s knowledge for success. Resource dependence theory and strategic management do not just have an effect on a company regarding material goods, but an influence on the people and their influence on the