South Asian Research Journal of Business and Management (SARJBM)
Volume-3 | Issue-01
Review Article
Integrating Just in Time Theory, Resource Based View Theory, and Rational Choice Theory in Enhancing Managements’ Efficiency
Asikhia, A, Osinowo, O, Kassim, S. K
Published : Feb. 14, 2021
Abstract
The result of management efficiency estimate is essential for all organization because it actively influences existing socio-economic status and foster their growth. Research has shown that using more than one theory would help to gain deep perspectives and detailed knowledge of the practice. This study constructs a theoretical framework by integrating three theories to explain Managements’ efficiency. The study explains that theories complement each other and do not compete. Integrating Just in Time Theory in Managements’ efficiency helps organization to build competitive edge, minimal waste and financial increase. This study also reveals that any organization that integrates Resource Based View Theory will maintain competitive advantage over its competitors through implementation of distinct resource. Rational Choice Theory assists the management to make the best-expected decision, after considering several alternatives. This study concludes that Just in Time Theory, Resource Based View Theory and Rational Choice Theory are valuable and enhances managements’ efficiency if rightly integrated.