CAB1 Organizational Theory and Design (LBVP22CAB1A)

Chapter 1: What are Organizations? Organization Theory in Action The political economy of organizations serves as a theoretical framework centered on two pivotal concepts and their interaction: 1. Polity/Political System: This encompasses the organization’s constitution, norms, authority, power, and influence system. 2. Economy: Refers to the organization’s economic structures and processes—transforming raw materials into goods and services. Current Challenges Organizations face seve...