Governance And Stewardship In Organizations Assignment

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Running head: GOVERNANCE AND STEWARDSHIP
Governance and Stewardship
Name of student
Name of University
Author Note
GOVERNANCE AND STEWARDSHIP1
Executive Summary
It has been monitored that the theories of organizational governance and stewardship are highly
effective in maintaining the effective functioning of an organization. The organizations can be
either non-profit or for-profit in nature. However, it is noticed that organizational theories and
leadership qualities are important for organizations whether they are non-profit or for-profit. The
various organizational theories are effective in addressing the different needs of the
organizations. In addition to this, it can be noticed that values and ethics are some of the
leadership qualities that are effective in maintaining organizational sustenance. In addition to
this, effective leadership qualities are important in deciding effective strategies and frameworks.
The report hence will focus on the different organizational theories as well as the effective
leadership qualities.
GOVERNANCE AND STEWARDSHIP2
Table of Contents
Introduction......................................................................................................................................1
Theories of Governance...................................................................................................................1
Political and Power Theory.........................................................................................................1
System Theory.............................................................................................................................2
Agency Theory............................................................................................................................4
Stakeholders Theory....................................................................................................................4
Contribution of Stewardship Theory...............................................................................................5
Relationship of Leadership Values and Beliefs...............................................................................6
Asking for Inputs from the Employees:.......................................................................................7
Deciding Organizational Value statement:..................................................................................7
Implementing:..............................................................................................................................7
Evaluation:...................................................................................................................................8
Conclusion.......................................................................................................................................8
Reference.......................................................................................................................................10
GOVERNANCE AND STEWARDSHIP3
Introduction
In order to build a successful organization and maintain its sustenance, it has been
noticed that multiple factors have high significance. Any organization needs to respond to the
external environment, the economic situation of a country and the demands of the targeted
consumers. Hence, an organization needs to depend on the leaders as well as different
frameworks that can be helpful in addressing these factors. Moreover, in order to maintain
organizational sustenance and long-term success, the role of leaders and managers are regarded
as highly important. The report hence will focus on the importance of different theories and
leadership qualities that are important in designing the organizational sustenance.
Theories of Governance
Different theories of corporate governance point out that the organizations do not need
corporate governance merely to support corporate governance, but also to establish and maintain
an efficient and effective administration within an organizational environment. Moreover, it is to
be mentioned that by adopting corporate governance, organizations are able to establish a
transparent administration and progress towards the organizational objective (Jones & Jones,
2013, pp. - 24). By adopting the governance theories and frameworks, organizations are able to
achieve long-term success in the sectors of organizational operations and structuring. In this
regard, the different theories of governance are to be discussed.
Political and Power Theory
The Power Theory of organization points out that an organization runs through the
process of power control and hierarchy. Moreover, it points out that the organization legitimizes
the authority and that itself is power to the organization (Carley & Prietula, 2014, pp.- 19-36). In
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