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  • Theories of the firm
    • Industrial Organization
      • Competitive Advantage Theory
      • Contingency Theory
      • Institutional Theory
      • Evolutionary Theory of the Firm
      • Theory of Organizational Ecology
      • Behavioral Theory of the Firm
      • Resource Dependence Theory
      • Invisible Hand Theory
    • Managerial Approaches
      • Agency Theory
      • Decision Theory
      • Theory of Organizational Structure
      • Theory of Organizational Power
      • Property Rights Theory
      • The Visible Hand
    • Hypercompetitive Approaches
      • Resource-Based Theory
      • Organizational Learning Theory
      • Transaction Cost Economics
      • Hypercompetition
      • Systems Theory
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ceo business
Agency Theory

Agency theory is a principle that is used to explain and resolve issues in the relationship between business principals and their agents. Most commonly, that relationship is the one between shareholders, as principals, and company executives, as agents. An agency, in broad terms, is any relationship between two parties in which one, the agent, represents the

28
Feb
business decision
Decision Theory

Decision theory (or the theory of choice not to be confused with choice theory) is the study of an agent’s choices. Decision theory can be broken into two branches: normative one, which analyzes the outcomes of decisions or determines the optimal decisions given constraints and assumptions, and descriptive one, which analyzes how agents actually make the decisions they do. Normative decision theory is

24
Apr
power
Theory of Organizational Power

Max Weber (1947) in his classical organization theory exemplified power in an organization through the process of control. Weber related authority to legitimacy, implying that managers enjoy it by virtue of their position in the organizational hierarchy. Although legitimate authority itself is a power, an individual member of an organization without authority can also enjoy

05
May
organizational structure
Theory of Organizational structure

An organizational structure defines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims. According to the Theory of Organizational structure, organizational structure affects organizational action and provides the foundation on which standard operating procedures and routines rest. It determines which individuals get to participate in which decision-making processes, and thus to

05
May
property rights
Property Rights Theory

In the property rights theory, property rights are basic human rights, grounded in current Human Rights law as found in article 17 of The Universal Declaration of Human Rights and theoretical constructs in economics for determining how a resource or economic good is used and owned. This idea of ownership must be constrained from the views of absolute ownership

06
May
Visible-Hand
Theory of the Visible Hand

The theory of the visible hand of Alfred D. Chandler determined that it was not the invisible hand of the market that determined corporate effectiveness but the visible hand of management. His book, “The Visible Hand: The Managerial Revolution in American Business,” which won both the Pulitzer and Bancroft prizes in 1978, rewrote the course

07
May
List of Great Thinkers
01
Jan
List of Economic Theories and Concepts
24
Feb
List of Social Theories and Concepts
22
Feb
List of Political Theories and Concepts
21
Feb
List of Philosophical Theories and Concepts
22
Feb
Famous books and articles in library
01
Jan
Corporate Management
  • International Business – Meaning, Process, Types & FactorsInternational Business – Meaning, Process, Types & Factors
  • Marketing and Corporate BrandingMarketing and Corporate Branding
  • Production Management : Definition, Function and ScopeProduction Management : Definition, Function and Scope
  • Sales Management: Meaning, Objectives, Functions, Scope, Process, Determinants, Tools and Other DetailsSales Management: Meaning, Objectives, Functions, Scope, Process, Determinants, Tools and Other Details
  • Supply Chain and Supply Chain ManagementSupply Chain and Supply Chain Management
  • Corporate accounting: definition, functions and branchesCorporate accounting: definition, functions and branches
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  • Theories of the firm
    • Industrial Organization
      • Competitive Advantage Theory
      • Contingency Theory
      • Institutional Theory
      • Evolutionary Theory of the Firm
      • Theory of Organizational Ecology
      • Behavioral Theory of the Firm
      • Resource Dependence Theory
      • Invisible Hand Theory
    • Managerial Approaches
      • Agency Theory
      • Decision Theory
      • Theory of Organizational Structure
      • Theory of Organizational Power
      • Property Rights Theory
      • The Visible Hand
    • Hypercompetitive Approaches
      • Resource-Based Theory
      • Organizational Learning Theory
      • Transaction Cost Economics
      • Hypercompetition
      • Systems Theory
  • Economic Theories
  • Social Theories
  • Political Theories
  • Philosophies
  • Theology
  • Art Movements
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