Last Updated 12 May 2020

Strategic Choice Theory or SCT

Category Theories
Essay type Research
Words 259 (1 page)
Views 129

Kochan (1984) describes the strategic choice theory as that which takes into consideration the forces coming from the external environment that may affect the entire organization. Generally, it is through these external forces that employers are encouraged to make adjustments in their strategies in order to ensure their competitiveness within their own field. Agency Theory or AT Eisenhardt (1989) describes the agency theory as something that concerns the relationship between two parties wherein the first one delegates the work to another.

This is generally appropriate in solving problems that arise from this particular relationship: the first one being the unparallel work of two parties within the relationship; and the second, the idea of risk sharing that these two groups must be accountable for.. Institutional Theory or InT According to Richard (2004), institutional theory is concerned with the deeper and more resilient aspects of the social structure. In general, it analyzes the processes that influence social behavior (i. e. schemas, rules, norms, routines, etc).

Basically, this theory looks into how the aforementioned are influencing the practices of certain organizations in respect to their adoption of practices of supply management. Systems Theory or ST The systems theory is then concerned with the study of the complex systems present in nature, society and science in order to efficiently analyze how groups work hand in hand to produce the same result (Bertalanffy, 1968). Generally, it is under this theory that the researcher would analyze how organizations, their suppliers and other groups within their supply chain network work hand in hand to achieve a specific business goal.

Order custom essay Strategic Choice Theory or SCT with free plagiarism report

GET ORIGINAL PAPER
Strategic Choice Theory or SCT essay

This essay was written by a fellow student. You can use it as an example when writing your own essay or use it as a source, but you need cite it.

Get professional help and free up your time for more important courses

Starting from 3 hours delivery 450+ experts on 30 subjects
get essay help 124  experts online

Did you know that we have over 70,000 essays on 3,000 topics in our database?

Cite this page

Explore how the human body functions as one unit in harmony in order to life

Strategic Choice Theory or SCT. (2018, Jan 24). Retrieved from https://phdessay.com/strategic-choice-theory-or-sct/

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Save time and let our verified experts help you.

Hire writer