Governance and Stewardship in Profit and Non-Profit Organization Assessment 3 Answer
Governance and Stewardship
The governance is considered to be the active proposal as well as the enactment of the legal activity for ensuring the safe along with the productive society. The stewardship in the business process is highly required for making sure that the rules are being suitably followed by the organisation. The purpose of the paper is to provide effective regarding the governance as well as the stewardship within the non-profit organisation and even in the for-profit organisation. The paper also discusses the leadership activities in term of the governance process as well as the stewardship activity within the field.
Key theories of governance contributed to organisational effectiveness
The governance is considered to be the board term that discusses with the communities and their involvement within the organisation for the enhancement of the effective value of the firm. This refers to the entire process where the entire facts of the governing issues have been maintained within the organisation for the development of valuable process within the field. Various theories help to understand the impact of governance on the organisational effectiveness within the field to maintain the activity of the organisation (Oetzel et al., 2015). The diverse theory, as well as the model of the governance, effectively helps both the developed along with the developing nation by the system of contemporary management along with the public policy literature. It is the principal actuality that the complete activity of the firm is to maintain their activities in term of the governance theory as well as a model for selling with the market condition and the development process within the process. The various theories of governance that have huge contribution towards the organisational effectiveness are effectively discussed below;
Decentered theory: The theory effectively challenges the reification then the determinism as it is highly committed to the historicism as well as the humanism of the organisational factor. This theory effectively explains the type of governance as the conditional consequences of the positioned agents that are eventually acting on believes that they are drawing on the hereditary traditions for responding towards the dilemmas within the organisational process (Madison et al., 2016). In this process, it can be seen that the people generally adopt new beliefs, which eventually lead them for modifying their action as well as their pattern in term of the public activities for the organisation development. It can be effectively understood that the use of the decentered theory in governance effectively helps the business in term of the contingent that has been embedded within the organisational activities. The management of the firm effectively analyses the situation by developing suitable and effective business value within the market. The theory depicts the fact that the self-interest of the people is highly associated with the business activities and the variable working function within the market. The social activity of the business and the common people are associated with the business value, which is effectively developed by the firm for dealing with the state of affairs as well as providing a valuable understanding within the process.
The implication of the Postfoundationalism: The postfoundationalism is considered to be the post-modernism as well as the poststructuralism, and even it has the prominent developments within the pragmatism along with the postanalytic of philosophy (Madison, Kellermanns, & Munyon, 2017). It eventually rejects the idea that people have pure experiences regarding the various activities within the field. The pragmatist in this situation eventually argues that the knowledge generally comes from the activities as well as the process that help in solving any issue within the firm. It is highly effective for the business to maintain their value and their understanding of the development of valuable activity within the market. In the business activity, this effectively allows the firm to maintain their value and their working process within the field for dealing with the position furthermore also for enhancing the value within the market.
Social theory: The Social theory in business activity is the analytical framework that has been utilised for examining the social phenomenon that has been associated with social activity and the communities. The social theory has effectively related to the historical debates over the validity as well as the reliability of the various activities like the positivism than the anti-positivism (Council, 2015). The relationship within the contingency, as well as the necessity, is to deliver the effective, valuable process for maintaining the social criticism as well as the social commentary that is valuable for the growth of the business within the market. In the organisational effectiveness, this is highly essential for maintaining the workforce and the valuable activity of the people in the business.
Network theory: The network theory helps to show the business application and the activities of the firm in the most effective and suitable way for dealing with the state of affairs and developing the value of the firm. The experts within the field of network theory can effectively maintain the beauty of the concept for providing the business the suitable activity that helps them to deal with the situation and enhance the market value (Schultz et al., 2015). The relationships within the policy network are effectively characterised by the help of the power-dependents nature for dealing with the business activity and the valuation process within the field. The power dependence of the school as well as rational choice school to maintain the business activity within the field. The network theory effectively helps the firm to develop their value and their company development within the field for dealing with the situation in the most effective and suitable process. These rules are consistent with the various rules for dealing with the situation in the most effective and valuable process to maintaining their value within the field.
Stewardship theory to effective governance in the non-profit and for-profit organisation
Stewardship theory primarily focuses on the relationship between the principles as well as the agents, but them generally starts from the diverse assumption along with the prescription of the activity for dealing with the business process. The theory takes for granted that the agents must have elevated classification with the mission as well as the value within the organisation (Joslin, & Müller, 2016). This theory effectively anxiety the agent’s inclination that needs to be cooperatively slanting as well as intrinsically motivated to perform the business activity effectively within the field. The stewardship approach generally assumes that the non-profit organisation that is highly motivated to act within the interest of the donors of the business. The four stewardship strategies which are being effectively used by the non-profit organisation can be effectively developed by the favourable fundraising relationship with the donors of the firm that is reciprocity than the responsibility than the reporting as well as the relationship nurturing (Turner et al., 2019). Reciprocity eventually requires that the non-profit organisation effectively demonstrate the gratitude for their donors within the market. The fundraisers effectively need to acknowledge as well as thank the donors of the non-profit organisation for sending them the notes along with the appreciation that is associated with the declaring of the tax deductibility of the gift process.
The responsibility in term of the stewardship theory effectively shows that the non-profit organisation primarily act within the socially responsible manner, especially for their donors. It is effectively developed by the firm for maintaining their value and their business procedure effectively within the business that allows the management to decide regarding the donation as well as the funds that they are going to use for dealing with the company progression effectively within the market (Joslin, & Müller, 2016). The reporting in the stewardship activity effectively means that the non-profit organisation primarily informs the donors regarding the donation that has been providing by the firm for generating accurate financial information within the market. In the non-profit organisation, donors play the vital role, and for that, it is highly essential for the firm to deal with the situation and maintain the activity of the firm for dealing with the business process and providing some of the best activity within the field (Turner et al., 2019). The increment within the proportion of the primary donors of the firm effectively lowers the proportion of the administration expense within the market for dealing with the market situation and also for developing the total expense program within the market that help to draw the attention of the customers.
The for-profit organisations are the firm that deals with the mission and the organisational goal to gain profit within the market. It is the fact that the organisation is using various tools for the use of corporate governance and the success of the business within the field for dealing with business possession within the market. The primary goal of the stewardship governance is to protect as well as take care of the needs along with the requirements of the other people associated with the business process and the activity of the firm (Romolini et al., 2016). The stewardship theory in term of the business process effectively shows that the executives of the firm need to protect the interest of the shareholders or even the owners for deciding on behalf of the executive of the firm. The sole objective of the process is to effectively create as well as maintain the successful organization so that the shareholder prospers for dealing with the shareholder prospers (Lawson, & Martin, 2018). It is the fact that if the firm embrace the stewardship places the owner as well as the chairman of the responsibility within the executive process for dealing with the business.
The stewardship theory effectively provides the government has clear objectives regarding shareholder satisfaction. The single leader needs to create one of the effective channels for communication the business for dealing with the shareholders as well as the need of the business value within the market. The contrasting theory in term of the stewardship effectively helps the business to contrast it with the two most popular government styles (Romolini et al., 2016). In this the agency theory it effectively focuses on the check as well as balance type of the governance activities. The stakeholder theory in this process examines the needs for maintaining the various functions within the organisation for dealing with the numerous activity and the suppliers, along with the business partners. The management of the firm maintains the unique products along with customers as well as the organisation goals for dealing with the business value of the firm (Lawson, & Martin, 2018). Opting regarding the stewardship governance effectively requires the right personality along with organisation for leading the board activity within the business progression. The necessary activity of the firm is to deal with the business process and the operational function for maintaining their value and their activity for analysing the entire process within the field.
Discussion of the leadership of the leader’s value and beliefs to effective governance
The concept of leadership is considered to be the old concept as the human history where it can be seen that the interest within the leadership generally increased with the early part of the twentieth century. In this process, it can be seen that numerous leadership theory has been evolved within the field that allows the business to maintain their activity and their value within the market (Quinn et al., 2018). It is the fact that leadership is one of the most observed, but at the same time, it is the least understood phenomenon on the earth. It can be understood that the leadership is the process which helps the person to influence the others for the accomplishment of the objective as well as directs the company within the way that will help them to be of more effective in term of cohesive as well as coherent within the business activity. It is highly necessary for the firm to have effective leadership activity within the field and deal with the situation most effectively and suitably (Glinkowska, & Kaczmarek, 2015). The outcome of the process is to achieve the goal in the most efficient and suitable way for dealing with the state of affairs and providing a suitable outcome for the business.
The value of the leaders within the business in term of the effective governance for maintaining their value and their understanding process within the field in the most suitable and valuable process. The primary aspect of the leaders is to deal with in the situation and maintain the staff members for leading them towards the business activity and achieving the organisational goal effectively within the market (Kruitwagen et al., 2017). The leaders within the business process need to have effective value as well as qualities for maintaining the activities of the entire staff members within the field. The skill of teamwork and the activity of the firm are to analyse their process for dealing with the business function and the effective value of the market for analysing the entire business activity within the field. In most of the situation, it could be seen that the leadership are highly based according to the idea and the activity of the person regarding their development process and their value within the market (Sundstrom, & Henry, 2017). The qualities of the leaders effectively show that the entire movement of the firm is to deal with the business value and allow the people for maintaining their movement successfully within the market. It can also be seen that the more qualities of the leaders within the business are efficiently discussed on the basis of the area of expertise as well as operation for maintaining the value of the firm and also to deal with the situation.
The concept of ethics and governance with different meaning is known as accountability. For effective leadership, accountability is another important quality to have; it is often used with terms connected with the anticipation of account-giving such as responsibility, blameworthiness, liability, etc. A problem in the public sector, non-profit and private worlds has become a center of discussions as an aspect of governance (Martin, 2016). The role of leadership within the accountability is primarily known as the acknowledgement along with the assumption of the responsibility than the dealing process and even the valuable activity of the firm within the process of maintaining the suitable and effective view for the business. To maintain the good governance within the business, it is highly essential for the firm that they need to emphasize on the activity and the development process in term of valuable business that the leaders need to develop within the market (Pegram, 2017). In the working function of the firm is to develop their value and their understanding to effectively deal with the situation and the business value that allow the organisation to achieve the effective governance system within the market.
The paper eventually concludes the fact that the Decentered theory effectively challenges the reification then the determinism as it is highly committed to the historicism as well as the humanism of the organisational factor. The paper also concludes the fact that the stewardship theory assumes that the agents must have high identification with the mission and the value within the organisation. It can also be concluded that the concept of leadership is considered to be the old concept as the human history where it can be seen that the interest within the leadership generally increased with the early part of the twentieth century.