We seek to extend our company’s tradition and to shed light on the impact of business and economic practices on organizational failure, success, and financial performance.
Previous and popular studies on this tradition have examined singular factors, and have offered no coherent theoretical framework for explanatory variables.
For example, these empirical works have neglected the macro examination or sociology of organization and people aggregated into departments with differences in structure and behavior.
Organizations have ignored major business management practices and policies until crisis threaten. This derails firm’s strategy.
Firms find it difficult to adjust to the realities of modern global competition and to invest in research and development. They have failed to recognize that the challenges facing them at the beginning of the present century are quite different and have rapidly changed from those of the previous century, and that the concept of organizations and business and economic theory is evolving. They have failed to cope and embrace rapid change and innovation, and to compete globally.
The lack of business management practices have dramatically reduced profits and sales.
Most firms have become so big and bureaucratic that they are unable to adapt to changing conditions. In reality, business firms are subject to the pulls and pressures of multiple, rather than singular forces influencing them.
To acknowledge the practical reality of the business environment, our approach is different, deviates and shifts the emphasis from the preceding or prior business management practices of other firms.
We believe that business and economic practices drive organizational failure, success, and financial performance.
We take a broader look at the impact of these approaches.
In what ways should a firm’s high performance business management practices produce superior performance results?
We are designed to answer this question.