Supply Chain Management Theory Resource 2
Abstract
The authors, recognizing the need for a distinct theory in supply chain management, put forth a
novel proposition that factor market rivalry (FMR) is the preeminent theory in this domain.
FMR, at its core, illuminates how organizations vying for the same scarce resources in a supply
chain compete for limited supply chain resources to manufacture their goods and services
(Ralston et al., 2022). The authors, employing the post-positivist research paradigm
(Maksimović & Evtimov, 2023), qualitatively compare various theories to substantiate their
claim.
Keywords: affirmative action, workplace demographics, diversity trends
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Problem Statement
The problem the authors are addressing in the required reading is the need for a theory
that relates directly to supply chain management. The authors discuss and compare several
theories to manage the process when discussing supply chain management. However, the authors
ultimately believe that Factor Market Rivalry should serve as the dominant theory for supply
chain management. Factor Market Rivalry (FMR) serves as a theory within supply chain
management. Factor Market Rivalry theory dictates that competitive conflicts arise between
companies for scarce resources needed for producing goods or services sold by a company
(Ralston et al., 2022).
Research Sample
This article undertakes a comprehensive examination of eight theories, juxtaposing them
with FMR: Social Network Theory, Resource-based View, Resource-advantage Theory,
Resource Dependency Theory, Relational View of the Firm, Relationship View of Logistics and
Supply Chain Management, Complex Adaptive Systems, and the Theory of Supply Chains
(Ralston et al., 2022). The authors meticulously outline the key takeaways of these theories,
highlighting their similarities and differences with the Fair Market Rivalry theory and their
relevance to supply chain management.
Discuss Research Paradigm
The research paradigm in this article is qualitative. When discussing the Factor Market
Rivalry theory, the authors draw on qualitative comparisons between eight other supply chain
management theories. The authors' research primarily involves comparing theories and seeking
to establish relationships between them. As such, the paradigm of this research is post-positivist.
Post-positivism acknowledges subjectivity and utilizes quantitative tools like surveys and
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qualitative methods like interviews, participant observation, and comparisons (Maksimović &
Evtimov, 2023). The authors compare eight other supply chain management theories and the
factor market rivalry theory. The post-positivist approach recognizes that research topics can be
complicated. It promotes asking questions and improving theories by conducting real-world
studies and discussing theories among researchers (Maksimović & Evtimov, 2023).
Bias in the Study
The bias in this article is the most evident regarding the authors. Bias has played a
significant role in shaping the information regarding how critical the Factor Market Rivaly
theory is to supply chain management. The bias issue significantly shapes how information is
understood, influences decision-making processes, and significantly impacts objectivity. In
supply chain management, bias creep underscores the need to thoroughly examine and
understand issues to ensure the integrity of the process (Agyemang et al., 2023). In this research
scenario, each author is a supply chain management researcher advocating for the Factor Market
Rivalry theory specifically for supply chain management. As such, the authors may be interested
in promoting their beliefs in their field. However, the authors present a significant rationale
backed by knowledge as to why Factor Market Rivalry is superior to other theories regarding
supply chain management.
Leading Theory to Use as a Lens
Leading lenses in theories impact how researchers perceive things in several ways; they
adjust, distort, or alter information. An incorrect leading lens can potentially introduce errors into
our perception but also offers unique avenues for seeking and uncovering truth (Nordberg,
2022). The leading theory used as a lens for this framework is the Factor Market Rivalry theory.
As such, the authors analyze the other theories by comparing them against the Fair Market
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Rivalry theory, which can potentially be the leading theory in supply chain management.
Readers of the article should be aware that all researchers should take a step back to analyze all
situations through a more objective, theoretical perspective and not over-emphasis to their lead
theory (Nordberg, 2022). This approach emphasizes the importance of viewing the research
process with a critical and unbiased viewpoint to ensure the credibility and accuracy of the
findings.
Biblical Integration
2 Corinthians 9:10 says, “He who supplies seed to the sower and bread for food will
supply and multiply your seed for sowing and increase the harvest in your righteousness”
(English Standard Version Bible., 2001). When considering supply chain management in 2
Corinthians 9:10, one interpretation of this statement is that a steady supply of goods and
services is required to meet demand. As such, companies must ensure they have the resources to
supply the market and continue operations. If a company ensures that it has the correct resources
to meet production, this company will become more efficient over time. It will achieve
operational efficiency in terms of both quality and production.
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References
Agyemang, M., Andreae, D. A., & McComb, C. (2023). Uncovering potential bias in
Engineering Design: A comparative review of bias research in medicine. Design Science,
9. https://doi.org/10.1017/dsj.2023.17
Maksimović, J., & Evtimov, J. (2023). Positivism and post-positivism as the basis of quantitative
research in pedagogy. Research in Pedagogy, 13(1), 208–218.
https://doi.org/10.5937/istrped2301208m
Nordberg, D. (2022). The lens of theory: Seeing better or differently? International Journal of
Organization Theory & Behavior, 26(1/2), 152–162. https://doi.org/10.1108/ijotb-09-
2022-0177
Ralston, P. M., Schwieterman, M., Bell, J. E., & Ellram, L. M. (2022). The building blocks of a
supply chain management theory: Using factor market rivalry for supply chain theorizing.
Journal of Business Logistics, 44(1), 141–159. https://doi.org/10.1111/jbl.12320
The Holy Bible : English Standard Version containing the Old and New Testaments.J(Classic
pew and worship ed.). (2001). Crossway Bibles.
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