week three organizational theories matrix

Jul 19th, 2016
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Running head: ORGANIZATIONAL THEORIES MATRIXOrganizational Theories MatrixUniversity of Phoenix1Running head: ORGANIZATIONAL THEORIES MATRIX2University of Phoenix MaterialOrganizational Theories MatrixComplete the matrix by listing at least five organizational theories and the correlating theorists,concepts, strengths, and weaknesses of each theory. Answer the questions following the matrix.Include a reference page consistent with APA guidelines, and primary sources where available.OrganizationalTheoriesTransaction CostTheoryAuthor andYear ofInceptionOliverWilliamson, 1975(Scott & Davis,2007; Greenwald,2008).Description of TheoryTransaction Cost Theoryjustifies its existencethrough an economisttheory which establishesthe ability of anorganization to reducecost between individuals(Greenwald, 2008). Thetheory suggests anexchange of valuableitems from theinteractions of humans,that there could becontractual agreementsand costs could includetrading partners, andbosses in markets orhierarchies (Greenwald,2008). The goal is toreduce transactional costsbetween two individualparties (Scott & Davis,2007), and choosing tomaximize or minimizedependencies onoutsourced plants basedon costs to produce inhouse or outside thefacility.Effect of Theory onOrganizational ChangeThe effect of transactioncost theory isaccomplishing efficient andeconomic in-houseproduction or externaltransactions from seekingthe lowest costs ofex

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