Business and Society Review 110:1 59– 76 Applying the Agency and Stakeholder Theories to the Enron Debacle: An Ethical Perspective Blackwell Oxford‚ Business BASR © 0045-3609 O 1 110 BUSINESS CULPAN riginal 2004 Center UK Article and and Publishing‚ and TRUSSEL Society for SOCIETY Business Ltd. Review REVIEW Ethics at Bentley College REFIK CULPAN AND JOHN TRUSSEL INTRODUCTION W e examine the infamous Enron debacle from an ethical perspective by defining its theoretical underpinnings and analyzing
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Agency Theory A theory that explains the relationship between principals and agents in business (In this relationship‚ the principal hires an agent to do the work‚ or to perform a task the principal is unable or unwilling to do. For example‚ in corporations‚ the principals are the shareholders of a company‚ delegating to the agent i.e. the management of the company‚ to perform tasks on their behalf.) Agency theory is concerned with resolving problems that can exist in agency relationships;
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and authority are closely related but theoretically different concepts (Faeth 2004). The exercise of power is legitimated through authority (Weber 1947) and Weber was the first to develop a systematic version of these terms as keystone of his social theory. Lewin (1941) developed the study of leadership by introducing the concept of social power in terms of the differential between interpersonal force and resistance. French and Raven described five sources of power namely reward power‚ coercive power
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Legitimacy: government and politics Legitimacy is the popular acceptance of an authority‚ usually a governing law or a régime. Whereas “authority” denotes a specific position in an established government‚ the term “legitimacy” denotes a system of government — wherein “government” denotes “sphere of influence”. Political legitimacy is considered a basic condition for governing‚ without which a government will suffer legislative deadlock(s) and collapse. John Locke said that political legitimacy
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Aahuti Bhathal Period: 2B Child Development 5/23/13 LEV VYGOSTKY THEORY Lev Vygostky was born to Russian parents on November 17‚ of 1896. Lev vygostky was the second oldest child out of the eight in the family. His mom was a teacher and a full time housewife. His dad was a respected bank manager in Bank of Gomel. Lev Vygostky was never scared to speak in public. Lev Vygostky studied law and graduated with a degree of law from the University of Moscow. While he studied there he was known
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perspective 1. Behaviorism: Pavlov‚ Thorndike‚ Skinner 2. Neo-Behaviorism: Tolmann and Bandura B. Cognitive Perspective 1. Gestalt Psychology 2. Bruner’s constructivist Theory 3. Bruner’s constructivist theory 4. Ausebel’s Meaningful Verbal Learning / Subsumption Theory Prepared by: Nemarose Jane Tauyan Behaviorism: Pavlov‚ Thorndike‚ Skinner Pavlov (1849 - 1936) For most people‚ the name "Pavlov" rings a bell (pun intended). The Russian physiologist is
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Personality psychology is the focus of some of the best known psychology theories by a number of famous thinkers including Sigmund Freud and Erik Erikson. In this section of the personality study guide‚ learn more about some of the major theories of personality and the psychologists who developed them. Biological Theories Biological approaches suggest that genetics are responsible for personality. Research on heritability suggests that there is a link between genetics and personality traits. One
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Theories 1 Theories Individual Counseling Theory Techniques Lamar University Theories 2 Theories Adlerian‚ Cognitive Behavioral and Solution-Focused Brief Therapy are three major theories that are used extensively in the counseling world. Some counselors use each as a single treatment approach while others chose to blend things from two or more together. The theory or approach that is chosen by a counselor must be one that they are knowledgeable in and feel comfortable with
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Jean Piaget Cognitive Development Theory Biography: Jean Piaget was born in Neuchatel‚ Switzerland on August 9‚ 1986 to Arthur Piaget and Rebecca Jackson. At a young age‚ he displayed great fascination for Biology‚ his intellectual love. Jean Piaget‚ at the age of 10 published his first article‚ which described the albino sparrow he observed. Between the ages of 15 and 18‚ he published several more articles and most of them are mollusks. Jean Piaget was especially
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1. We selected Florence Nightingale’s Environmental theory. Florence. Nightingale’s theory helped in the development of modern nursing. She was the one who observed the effect of surroundings on healing of mind and body. Her philosophy was that nature helps in curing the sick. In the development of modern nursing and nursing education Florence Nightingale has played an important role. She was born on May 12‚ 1820 in Italy. Her parents were wealthy and they did not like her joining the nursing. Nightingale
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