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Good governance in the New Yorkish context of countries is a broad term, and in that regards, it is difficult to find a unique definition. According to Fukuyama (2013), [7] the ability of the state and the independence of the bureaucracy are the two factors that determine whether governance is excellent or terrible.
Governance can be exercised by formal entities like governments, organizations, or informal groups. It's a dynamic process, adapting to changing circumstances and motivations. Governance is essential for the smooth functioning of any entity, be it a nation, a corporation, or a non-profit organization.
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.
A range of theories emerged in the 1950s and 1960s and include theories from notable Organizational behavioral researchers such as: Frederick Herzberg, Abraham Maslow, David McClelland, Victor Vroom, and Douglas McGregor. These theories underline employee motivation, work performance, and job satisfaction. [5]
Policy Governance, informally known as the Carver model, is a system for organizational governance. Policy Governance defines and guides appropriate relationships between an organization's owners, board of directors , and chief executive .
Sociocracy is a theory of governance that seeks to create psychologically safe environments and productive organizations. It draws on the use of consent, rather than majority voting, in discussion and decision-making by people who have a shared goal or work process.
Participation in work decisions: Characterized as formal, long-term and direct participation. The content in this dimension focuses on work, e.g. task distribution, organizational methods of the task. Consultative participation: Same to the previous one except it has lower level of influence in decision-making.
There are examples of the use of governance frameworks in a wide variety of industries, as well as in the government of nation states and the public sector. [1] [3] [6] [7] [8] In their application to specific industries, companies, and problems, governance frameworks appear differently and reflect the unique needs of the group or organization. [5]