BU398 Chapter Notes - Chapter 5: Profit Margin, Uptodate, Population Ecology

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23 Aug 2018
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Is competition dead: traditional competition, which assumes a distinct company competing for survival and supremacy with other stand-alone businesses, no longer exists because each organization both supports and depends on the others for success, and perhaps survival. Interorganizational framework: by understanding these perspectives, managers can assess their environment and adopt strategies to suit their needs. Join trade to coordinate their needs sign trade agreements, or merge with another firm to guarantee resources and material supplies: take political action. In the new orientation, people try to add value to both sides and believe in high commitment rather than suspicion and competition. In this new view of partnerships, dependence on another organization is seen to reduce rather than increase risks: by being embedded in a system of interorganizational relationships, everyone does better by helping each other. Individual organizational adaptation is severely limited compared to the changes demanded by the environment.

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