BUS99 MOD1 Week 2: Open Systems Theory Discussion Topic
The Discussions in this course are intended to give you some leeway in discussion. The topics are broad, and we are looking for you to take the discussion in directions that are useful and meaningful.
WEEK 2:
Your first task is to choose one of "Fortune Magazine's Best 100 Companies To Work For" (2011) from the following website:
http://money(dot)cnn(dot)com/magazines/fortune/bestcompanies/2011/index.html
Be certain that you choose a company that is of great interest to you, as you'll continue to study this company over the four modules. Be sure that you spend some time reviewing your chosen company's website, familiarizing yourself with the company's Annual Reports, 10-K filings, and other relevant information.
Discuss how open systems theory might apply to your chosen organization.
Open System Theory
Student’s Name
University Affiliation
Open System Theory
Wegmans Food Market great interest to me due to its domination of world food market and consequential high profitability. In the review of the whole foods market, Wegmans Food Market dominates mainly the American market with sub branches in other continents in the world such as Asia. Wegmans Food Market used a business strategy model to conquer the food market against its rivals (Bastedo, 2016). It explores all avenues of marketing to increase sales volume. Regarding open system theory, the environment of Wegmans Food Market comprises of forces that it exerts in the political, economic and social nature to dominate the whole food market.
Again, the environment offers essential resources that boost the organization, initiate necessary changes, and increase the chances or the organization to survive. On the other hand, Wegmans Food Market uses various resources to attract the values and beliefs of the society towards its products that are embedded in its structure and expressed in its changes (Bastedo, 2016). Another strategy is called the resource dependency where Wegmans Food Market adapts to the environments as the resource providers dictate (Fortune, 2016). Conversely, there are great variations in the provide perspectives of the open market system, all the strategies, share a common perspective that the survival of organizations depends on their relationships with the environment. The open system theory has changed the perceptio...