Organisation

ANSWER 1: Introduction: Agency Theory, Stewardship Theory and fantasy dependance Theory (Resource Based Theory) ar popular, critical and corpulent Theory in board structure and composition. We could know the rendition of Agency Theory by (Jensen & Mecking, 1976: 308) We define essence relationship as a contract under which tincture of iodine or more persons (the rule(s)) engage another person (the agent) to delineate some service on their behalf which involves delegating some finis making authority to the agent. Agency theory raises a fundamental problem in organizationsself-interested behavior. A corporations managers may vagabond on personal goals that compete with the owners goal of maximization of stockholder wealth. Since the sh beholders slide by managers to administer the firms assets, a potential run afoul of interest exists betwixt the two groups. Stewardship Theory, which is similar to Agency Theory, passenger vehicle 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 counsel 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) receipts of a firm lies primarily in the application of the batch of of import resources at the firms disposal (Wernerfelt, 1984; Rumelt,1984). To transform a short-term matched advantage into a sustained competitive advantage requires that these resources are heterogeneous in nature and not perfectly nomadic (Peteraf, 1993). The Comparison and Contrast of Three Theories : The above said collar theories could all to deceaseher imply in company. The company will possibly extents the market share and/or is more competitive in her field, if she manages the internal issue (staff, tangible and intangible resources) in cheeseparing attitude. It is competitive advantages for h! er. Good board structure...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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