Organisation

ANSWER 1: Introduction: Agency Theory, Stewardship Theory and quite a little dependance Theory (Resource Based Theory) ar popular, critical and great(p) Theory in board structure and composition. We could know the displacement of Agency Theory by (Jensen & Mecking, 1976: 308) We define actor relationship as a contract under which atomic number 53 or more persons (the rule(s)) engage another person (the agent) to officiate some service on their behalf which involves delegating some cultivation making authority to the agent. Agency theory raises a fundamental problem in organizationsself-interested behavior. A corporations managers may come in on personal goals that compete with the owners goal of maximization of stockholder wealth. Since the shargonholders slide by managers to administer the firms assets, a potential difference of interest exists betwixt the two groups. Stewardship Theory, which is similar to Agency Theory, bus are stewards of t he 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 care 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) service of a firm lies primarily in the application of the furl 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 resources are heterogeneous in nature and not perfectly stray (Peteraf, 1! 993). The Comparison and Contrast of Three Theories : The above said ternion theories could all to deceaseher imply in company. The company will peradventure extents the market share and/or is more competitive in her field, if she manages the internal issue (staff, tangible and intangible resources) in expert 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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