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Agency Theory
A theory explaining the relationship between principals (such as shareholders) and agents (such as company executives), focusing on the conflicts that can arise due to differing interests and information asymmetry.
Modern Organizations
Entities characterized by structured systems and practices aimed at achieving specific goals through collective efforts.
ERG Theory
A theory in psychology that categorizes human needs into three categories: Existence, Relatedness, and Growth.
VIE Theory
Stands for Valence, Instrumentality, and Expectancy, a psychological theory that explains motivation in terms of an individual's belief in the effectiveness and value of effort towards achieving a goal.
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