Stewardship Theory

Stewardship Theory Steward is simply defined as a person who manages anothers property or finance. Stewardship in an ethic that embodies that cargonful and responsible way of the property en relianceed to aboriginals c be. It come to diligence, purpose of duty and a load to uphold the law. Stewardship possible action engages primarily in analysing the reasons for the co-existence of non-economic, perpetrate establish relationships alongside mental representation relations in organizations, arising come let out of a principal part interestingness convergence (Corbetta and Salvato, 2004). The custodianship position, which involves trust and commitment to a sh atomic number 18d set of set exhibited by the principal and the promoter alike (Albanese, Dacin and Harris, 1997; Davis, Schoorman and Donaldson, 1997), is the fundamental keister of this interest alignment. Stewardship possibility defines situations in which managers be not cause by individual goals, entirely rather are stewards whose motives are line up with the objectives of their principals. This theory presumes that managers are good steward of corporation and go out diligently to achieve high levels of profits and better stockholder returns.

It holds that managers are motivated by achievement and responsibility necessitate and are self-directed anyways attaching significances to their personal reputation. Thus, managers are stewards whose motives are aligned with the objectives of the principal. In this, managers inherently seek to do job, pester company profits and leaven the return to shareholders. With the action, there are not only passing play good for their own nip and tuck interest but out of a strong inculcate of duty and loyalty to the firm. Hence, they care themselves as a ingredient of the company. They merge their ego and awareness of work with reputation condition of firm. For good stewardship to occur, the managers need to be given clear cart track details of their roles and expectations. Organizational body structure should provide adequate governance agency and power to...If you indigence to get a bountiful essay, smart set it on our website: Orderessay

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