Question

Do you see value in the premise of resource dependency theory as an individual? How does resource dependency theory benefit an organization?

Answer 1

As per resource dependency theory, it is said that every organization uses resources from outside and behaviour of an organization is affected by these outside resources.

As we know that an organization is consisted of many individuals like (employees, middle and top level management, shareholders etc.).

Apart from this there are many external individuals those are either associated with resources of the society or associated with an organization. So resource dependency theory may affect many values of associated individuals. If an organization adopt more exploitative resource utilization policy then values of the society and individuals will be negatively affected or vice versa. Thus it is true that there are always some values involve in case of resource dependency theory.

Resource dependency theory, suggest about the relationship between external resources available and organization. Hence this theory can help an organization because it will help in formulating a perfect resource utilization policy so that there can be a minimum negative impact on the society and on the organization as well. Thus we can say that resource dependency theory can be a very useful tool because over or under utilization of resources of the society may lead to some negative impact on the organization. Hence this theory is very useful tool for the organization.