Question

In: Operations Management

In the area of interest group politics, what is the relative mix of importance between ideas...

In the area of interest group politics, what is the relative mix of importance between ideas and resources for success?

Solutions

Expert Solution

An interest group is defined as a collection of people that come together in view of a common goal or interest and use this collectivism to influence the government in taking decisions which protect and build the common goals respectively.

Generally speaking all industries or economies experience the presence of interest groups. These dominate more in democracies where people have free will to form such groups whereas in economies that restrict interest groups or are more autocratic in approach the presence of interest groups is relatively lesser.

The interest groups have strong politics which increases with the overall size of the interest group respectively. With size increasing the demands also increase and it becomes increasingly difficult to accommodate each and every goal of all individuals.

Therefore, the concept of ideas and resources is very important for the success of the interest group. Any interest group which has vague ideas the implementation of which is to be done 100 % is neither recommended nor possible.

Also, an interest group cannot and should not allocate all its resources towards one idea alone. In this case, the relative mix of both should be vital.

A democratic practice of voting can be followed, to allow for only those ideas to be promoted, in which the majority is of the view that it should be taken up. Also resource allocation should be something which is transparent within the group.

Further, a head can be chosen by the group also, in case the group is very large which would allow for decisions to be more democratic than not respectively.

Thus selection of the perfect mix should be democratic in my view and must be such that it reflects on the people present in the group and common interests should be given first preference respectively.

In case you have any doubts please let me know in the comments section


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