Introduction to Organizational Theory

Measure the effectiveness of an organization using three different models: the external resource approach, internal systems approach, and technical approach.

In this business lesson, define the term stakeholder and examine common examples of stakeholders and how they participate in and benefit from an organization.

Discover how organizations deal with competing goals and allocating rewards, and how satisfying the goals of stakeholders usually involves money.

Consider the agency problem and how informational disadvantage, time, and goals play a part in the day-to-day operation of a successful, efficient organization.

Learn the basics of organizational environment, including the general and specific environments and how they directly and indirectly affect a business.