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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.
Steward-ownership is a corporate ownership structure that prioritizes the long-term independence [14] and purpose of a company. [15] While the legal implementation may vary, all steward-owned companies make a legally binding commitment to two core principles: [9] [16] self-governance and purpose-driven profit allocation.
Stewardship is a practice committed to ethical value that embodies the responsible planning and management of resources. The concepts of stewardship can be applied to the environment and nature, [ 1 ] [ 2 ] [ 3 ] economics, [ 4 ] [ 5 ] health, [ 6 ] places, [ 7 ] property, [ 8 ] information, [ 9 ] theology, [ 10 ] and cultural resources.
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
Together with planetary management, stewardship and environmental wisdom are different ways to manage the Earth [9] or "environmental worldviews". In particular: Planetary management focus its attention on humans needs and wants, while stewardship aim at the benefit of humans, organisms and ecosystems of the Earth: [9] in other words, planetary management considers humans as the most important ...
Environmental stewardship (or planetary stewardship) refers to the responsible use and protection of the natural environment through active participation in conservation efforts and sustainable practices by individuals, small groups, nonprofit organizations, federal agencies, and other collective networks.
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Product stewardship is an approach to managing the environmental impacts of different products and materials and at different stages in their production, use and disposal. . It acknowledges that those involved in producing, selling, using and disposing of products have a shared responsibility to ensure that those products or materials are managed in a way that reduces their impact, throughout ...