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Organizational Theory (Subject) / Chapter two (Lesson)

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• Definition Stakeholder people who have an interest, claim or stake in an organization
• Stakeholder inside Shareholders Managers Workforce
• Stakeholder outside customers suppliers government
• An Agency Theory Perspective 1. Agency Problem 2. Problems 1. A problem in determaining managerial accountability that arises when delegating authority to managers 2. informational disadvantages, time aspect, different goals
• Definition Inducements rewards such as money, power and organizational status
• Definition Contribution the skills, knowledge and sxpertise that organizations require of their members during tasks performance
• Definition workforce all non-manegerial employees

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