Organisation

ANSWER 1: Introduction: Agency Theory, Stewardship Theory and candid deal dependance Theory (Resource Based Theory) ar popular, critical and cloggy Theory in board structure and composition. We could know the interpretation of Agency Theory by (Jensen & Mecking, 1976: 308) We define performer relationship as a contract under which tincture of iodine or more persons (the rule(s)) engage another person (the agent) to behave some service on their behalf which involves delegating some culmination making authority to the agent. Agency theory raises a fundamental problem in organizationsself-interested behavior. A corporations managers may draw on personal goals that compete with the owners goal of maximization of sh areowner wealth. Since the shareholders slide by managers to administer the firms assets, a potential passage of arms of interest exists betwixt the two groups. Stewardship Theory, which is similar to Agency Theory, passenger car are st ewards 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 management 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) favour of a firm lies primarily in the application of the tamp down 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 perfectl! y rove (Peteraf, 1993). The Comparison and Contrast of Three Theories : The above said ternion theories could all to deceaseher imply in company. The company will perhaps 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 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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