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Stewardship theory is a theory that managers, left on their own, will act as responsible stewards of the assets and resources they control. [ citation needed ] Stewardship theorists assume that given a choice between self-serving behavior and pro-organizational behavior, a steward will place higher value on cooperation than defection.
In 1933, Bower was hired by James O. McKinsey in the new Chicago firm of James O. McKinsey & Company to manage a newly acquired branch in New York. Following McKinsey's death in 1937, the two offices split up and Bower resurrected the New York firm, with the assistance of New York partners, as McKinsey & Company in 1939. He served as managing ...
In reviewing the older leadership theories, Scouller highlighted certain limitations in relation to the development of a leader's skill and effectiveness: [3] Trait theory: As Stogdill (1948) [4] and Buchanan & Huczynski (1997) had previously pointed out, this approach has failed to develop a universally agreed list of leadership qualities and "successful leaders seem to defy classification ...
Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
According to Bowers, when she refused, a staff member tried to pull her out of her bed. She resisted, she said, prompting the staffer to choke her. “I was trying to tell her, ‘I can’t resist, you’ve got my arms, you’ve got my throat,’” Bowers recalled. She said once the staff member released her, she started throwing up.
According to James G. March and Johan Olsen, the core intuition of the logic of appropriateness is that humans maintain a repertoire of roles and identities, which provide rules of appropriate behavior in situations for which they are relevant. Following these rules is a relatively complex cognitive process involving thoughtful, reasoning behavior.
Contingency theory of leadership. In the contingency theory of leadership, the success of the leader is a function of various factors in the form of subordinate, task, and/ or group variables. The following theories stress using different styles of leadership appropriate to the needs created by different organizational situations.
Bower is CEO and chairman of the Board of Numedeon Inc. a company he founded in 1998 to develop educationally related virtual worlds. The company's flagship effort, Whyville .net is now one of the largest education sites for young adults on the World Wide Web, with a player base of more than 7 million in 2006. [ 16 ]