Jul 21, 2017

Agency Theory

This paper concentrates on the primary theme of Agency Theory in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Agency Theory

Please read the attached file "assignment"
Agency Theory Student`s name Institutional affiliation Course Date First Assignment Agency theory originates from a situation where one or more individuals hire another person called an agent to carry out the business activities on their behalf. According to Arthurs et al. (2008), the managers tasked by the stockholders to manage the affair of the companies on their behalf are known as agents who have to play the stewardship goals to ensure success of the company. Organizational development and behavior can be explained by the agency theory because the agents tasked to undertake managerial activities have to nurture a certain working culture that suits the organization as whole in line with the set goals, which have to be achieved. Organizational development is concerned with the application of various mechanisms like inter-group organization to bring out the desired change. Organizational behavior is charged with the application and study of the appropriate knowledge regarding how employees and other stakeholders act in organizations. It follows that agency theory, which is based on the relationship between owners and managers helps to turn the organization into the required framework. The managers/agents are likely to study the working environment with a view of drafting and implementing policies that can help to increase productivity and hence profitability (Lee & O`Neill, 2003). Leaders have to develop adequate communication frameworks between them and employees to help in addressing issues of most concern to help avo...

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