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Published in:
2018 | OriginalPaper | Chapter
Introduction
Authors : Oluwaseun E. Adegbite, Antonis C. Simintiras, Yogesh K. Dwivedi, Kemefasu Ifie
Published in: Organisational Adaptations
Publisher: Springer International Publishing
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This chapter presents an organisation as a business entity containing various components and perspectives that continuously interact with one another and the environment. By nature, organisations are complex systems as they consist of individuals, teams and business units that interact with one another through feedback mechanisms. This implies holding a single view of the organisation is tantamount to having a myopic view of the firm. This will be detrimental to understanding the intricacies and important factors that help constitute and influence not only organisational performance but also its survival. In instances, where the key components/factors are not considered or known to influence the survival of the organisation or the firm, the management risks the chance of being outperformed and become extinct particularly in a dynamic business environment.