Achieving Performance and value creation of a firm

Abstract

Several applications are management incentive schemes, employee involvement programmes, maximising shareholder value, being customer-centric, and corporate social responsibility. Few management researchers have attempted to systematically evaluate and combine the many methods for improving performance. According to several scholars, the foundation for an organization's longevity and prosperity lies in the different constituency groups that make up its environment. These groups play an important role as both resource providers and recipients. Theoretical traditions contend that responsiveness to particular constituencies should take precedence, whereas stakeholder theory advocates for a situationally appropriate balance between the two. Study analyse various theories of the firm and the performance drivers which boost the performance of the firm or business.