Wednesday, February 26, 2020

Critically Evaluate the Contribution the Paper Makes to the Knowledge Essay

Critically Evaluate the Contribution the Paper Makes to the Knowledge Base On Strategic Management In Organisations - Essay Example Review of Theories Following are some of the theories which contribute to the paper’s objective. Goal setting has been considered as one of the most empirically investigated HRM practices undertaken in organizations (Rauch, 2007, p.6). The study of previous literature reveals that goal setting contributes to the process of decision making in organizations through the way of increasing the motivation of workers. Under the system dynamic approach, Warren has stated the importance and critical factor for setting of appropriate goals for the attainment of organizational objectives. He has put forth that managers often overestimate or underestimate the obtainable performance which causes the organizations to lose out on opportunities of growth and resource utilization while trying to attain ideal goals which are unrealistic (Hirsch, 2001, p.133). The common errors of setting performance goals are that they undershoot the potential of the situation or aim to attain such outcomes whi ch are not possible (Warren, 2008, p.328). Barlas and Yasarcan (2008), has put forth the comprehensive model of goal dynamics adopted through the perspective of the systems dynamics. They have emphasized on the limitations or drawbacks of the simple structure of goal seeking in the complex and social systems (Ragg, 2011, p.99). Under the structure there is modification of the state and reaches and approaches the goal with a negative and exponential behaviour. They have also emphasized on the roles of intangible soft variables which are associated with goal dynamics in organizations. Some of the major efforts have gone into the building of a model which considers such intangible factors like... The paper primarily contributes to the building of a model which depicts the setting of goals, management by objectives and training and development are considered to be some of the major components in human resource management required for enhancing the productivity of employees and consequently adding the performance of the organization on the whole. The contribution of the simple goal setting theory has been presented in the paper; however, scholars are critical about the application of the same in complex organizational settings. Researchers like Barlas and Yasarcan have emphasized on the components of intangible variables and their importance in organizations. They have shown a correlation between the goal setting theory and its influence on the motivation of workers and the goal commitment of workers. It is found that the goal dynamics plays an important role in the knowledge base of organizations. This paper makes a conclusion that most importantly information technology which forms a critical component in any knowledge based organization is influenced by the goal dynamics. Organizations are required to keep up the ever changing technologies and as such their short and long term goals also keep changing. Moreover they are also meant to focus on the optimum use of intangible resources for ensuring greater financial returns and attainment of greater competitive advantage. Lastly the paper is found to make a major contribution to the engineering sector through the presentation of the reasons of choosing the best suited engineering alternatives from many different design alternatives.

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