Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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Challenges in developing tied agency channel by insurance companies Submitted by: Stuti Vohra MBA IIndSEM BANASTHALI VIDYAPITH‚ WISDOM Company Profile: SBI Life Insurance‚ one of the leading insurers in India‚ is a joint venture between
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Causes and Prevention of Burnout in Human Services Causes and Prevention of Burnout in Human Services Staff Burnout is a bad situation to have to face‚ the best thing for this type of situation is to pay attention and to know the signs. The definition of burnout is a state of believing he or she is overwhelmed coming from prolongs high stress. The discussion of burnout has regard to individual‚ cultural‚ organization‚ supervisor‚ and social support factors that cause burnout. In the discussion
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experience various challenges to come‚ especially in the next decade‚ in order to keep up with its progress as a competitive nation in terms of the quality of its manpower and its status in the world as one of the faster advancing economic hubs. As a country with limited natural resources‚ its only resource is that of human resource. The issues of ageing population‚ the influx of foreigners and decreasing competitiveness in its people are the greatest challenges Singapore will face in the next ten years
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the many) are taking the internet by storm. From this‚ the question rises as to whether or not this instant access is beneficial to the social good of teens and adults everywhere‚ or does it hinder the actual ability to connect on a level that’s face-to-face‚ versus interface. Regardless to internet being a very beneficial place for some things such as getting fast news updates and staying in touch with family and friends‚ it can also be seen as a distraction from real-world‚ real-life things. Some
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Human interaction is a necessity in everybody’s lives. It helps maintain good social and mental health‚ as well as personal pleasure. However‚ with the mass production of new social technologies‚ human socialization is slowly becoming less meaningful. Let’s retrace our steps. Back in the 1900’s‚ when breakthrough technologies were just being introduced‚ people didn’t rely on “smartphones” and “social media” as a means of communication. Instead‚ they would arrange to meet in person‚ or even engage
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HIPAA: Impact the Delivery of Human Services July 12‚ 2008 Health Insurance Portability and Accountability Act (HIPAA) was signed on 21st August 1996 by the U.S President Bill Clinton. Most healthcare insurance companies and providers are to remain to the HIPAA regulation guidelines by October 2002 and October 2003 for smaller health plans. If you are in the healthcare industry‚ you have probably heard some rumblings about the Health Insurance Portability and Accountability Act of
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What are the various functions of a police agency? Compare and contrast how these functions differ at the federal‚ state‚ and local levels. What would happen if the various functions and roles of policing agencies were limited among communities? What is custodial interrogation? What is the relationship between custodial interrogation and the overall criminal justice system? How can we improve this relationship? There are many functions to a police agency. Some of the common functions are preventing
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WHAT IS HUMAN RESOURCE MANAGEMENT (HRM)? Human Resource Management (HRM) is an organizational function that manages the process of recruiting candidates‚ assessing and selecting suitable employees‚ providing proper orientation and induction of new employees while managing other issues related to all employees such as; compensation benefits‚ performance appraisals‚ general safety‚ wellness and other social issues people might face at the workplace through communication‚ education and training (Heathfield
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of Travel Agencies. Travel Agency is one of the service intensive industries and indispensible among the tourism business. But what is the specific role of travel agency in the hospitality industry and how does it affect the whole industry. Travel Agency is defined as a retail business selling travel-related products and services to customers on behalf of suppliers such as airlines‚ car rentals‚ cruise lines‚ hotels‚ sight-seeing tours and package holidays. When we say Travel Agency they are the
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