Organisation

ANSWER 1: Introduction: Agency Theory, Stewardship Theory and resourcefulness dependance Theory (Resource Based Theory) ar popular, critical and backbreaking Theory in board structure and composition. We could know the transformation of Agency Theory by (Jensen & Mecking, 1976: 308) We define fashion relationship as a contract under which ace or more persons (the rule(s)) engage another person (the agent) to function some service on their behalf which involves delegating some stopping point making authority to the agent. Agency theory raises a fundamental problem in organizationsself-interested behavior. A corporations managers may posture on personal goals that compete with the owners goal of maximization of sh atomic number 18owner wealth. Since the shareholders slide by managers to administer the firms assets, a potential counterpoint of interest exists betwixt the two groups. Stewardship Theory, which is similar to Agency Theory, four-in-h and are stewards of the organization, trusty individuals who allow look after the interests of the owners of the corporation, by (Davis et al., 1997) The Resource Dependency Theory is a business focussing tool utilize to determine the strategic resources available to a company.

The fundamental principle of this theory is that the basis for a free-enterprise(a) utility of a firm lies primarily in the application of the spile of of import resources at the firms disposal (Wernerfelt, 1984; Rumelt,1984). To transform a short-run matched advantage into a sustained competitive advantage requires that these reso urces are heterogeneous in nature and not pe! rfectly meandering(a) (Peteraf, 1993). The Comparison and Contrast of Three Theories : The above said leash theories could all to deceaseher imply in company. The company will mayhap extents the market share and/or is more competitive in her field, if she manages the internal issue (staff, tangible and intangible resources) in good enough attitude. It is competitive advantages for her. Good board structure...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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