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How does Conflict theory relate to capitalism?
The conflict theory explains capitalism, and how capitalism will eventually be demolished by the rise of the working class (causing tension/conflict)
Is there a Conflict between a company's responsibility to its shareholders and its responsibility to society as a whole?
yes ofcourse take a look at the stewardship theory and the stakeholder theory..there is conflict between having an obligation to society/stakeholders or shareholders.
Why is agency theory important in a public corporation?
Because it isn't important in a private cooperation.
What is the conflict theory of Adam Smith?
Adam Smith is primarily known for his contributions to classical economics rather than a distinct "conflict theory." However, his ideas about self-interest and the "invisible hand" suggest that individuals pursuing their own economic interests can lead to societal benefits. While Smith acknowledged class distinctions and the potential for conflict between different economic classes, his focus was more on how market mechanisms can harmonize these interests rather than a detailed analysis of class conflict. Thus, any conflict in Smith's work is more about the dynamics of economic interactions than a formal theory of social conflict.
Which sociological perspective best explains the concept of a reserve labor force and a split labor market?
conflict theory
What are the problems of agency theory?
The agency problem is a conflict of interest inherent in any relationship where one party is expected to act in another's best interests. In corporate finance, the agency problem usually refers to a conflict of interest between a company's management and the company's stockholders.
What is contained in the agency theory?
Agency theory is a theory explaining the relationship between principals, such as a shareholders, and agents, such as a company's executives. In this relationship the principal delegates or hires an agent to perform work. The theory attempts to deal with two specific problems: first, that the goals of the principal and agent are not in conflict (agency problem), and second, that the principal and agent reconcile different tolerances for risk.
What are the problems of agency theory to the financial manager?
The problem of agency theory are pricniple and agent.
What agency theory problem?
Agency theory addresses the potential conflict of interest that arises when one party (the principal) delegates decision-making authority to another party (the agent). The problem arises when the agent may prioritize their own interests over those of the principal, leading to agency costs. These costs can include moral hazard, adverse selection, and strategic behavior.
Is social conflict theory and conflict theory the same theory?
Yes, social conflict theory and conflict theory refer to the same theoretical perspective that highlights power struggles and inequalities within society as the root causes of social problems. Social conflict theory examines how various social groups compete for resources and power, leading to conflict and change within societies.
Social conflict theory is also called?
Social conflict theory is also called conflict theory or critical theory. It emphasizes the role of power, inequality, and oppression in shaping social relationships and institutions.
What is contemporary conflict theory?
Can u help me to find an information about contemporary conflict theory,its definition and uses?
What are the critiques of social conflict theory?
Critiques of social conflict theory include its focus on conflict and power dynamics, which can overlook cooperation and consensus in society. It is also criticized for its tendency to oversimplify complex social phenomena by reducing them to struggles between dominant and subordinate groups. Additionally, it has been accused of neglecting the role of culture, ideas, and individual agency in shaping social structures.
What is neo conflict theory?
The neo-conflict theory is a theory that is based on the writing of Karl Marx. It is the idea that conflict in society is based on the product of an exploitive relationship between the social classes of society.
How does Conflict theory relate to capitalism?
The conflict theory explains capitalism, and how capitalism will eventually be demolished by the rise of the working class (causing tension/conflict)
How have conflict theory viewed family?
conflict theory looks at the balance between the order and disorder in the family structure.
How has the agency theory been described?
agency theory is to help devise techniques for describing the conflict inherent in the principal-agent relationship and controlling the situations so that the agent, acting from self-interest, does as little harm as possible to the principal's interest
