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2020 | OriginalPaper | Buchkapitel

5. Let the Prince Win His Spurs: Agency Theory and Agency

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Abstract

Agency theory allows leaders and theorists to reflect on issues of efficiency and ethics. The relationship of an agent who acts on behalf of a principal may arise because of opportunity for greater work, contexts where specific skill or knowledge or presence is required. At times, discrepancies may emerge between the agent’s aims and the principal’s aims. Lewis provides an opportunity for reflection on agency theory by showing that leadership often includes acting on behalf of another and that the agent takes on certain characteristics of the principal. Leadership should also focus on developing agents who are capable of self-leadership, taking meaningful, responsible action.

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Metadaten
Titel
Let the Prince Win His Spurs: Agency Theory and Agency
verfasst von
Aaron Perry
Copyright-Jahr
2020
DOI
https://doi.org/10.1007/978-3-030-41508-2_5