Team production theory is a concept that includes elements of both agency theory and stakeholder theory.

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Team production theory recognizes that a team of individuals can work together towards a common goal and that each member's contribution is necessary for the success of the overall project. This aligns with stakeholder theory, which considers the interests of all parties involved in a project, including employees. However, it also includes elements of agency theory, as the team leader or manager must ensure that each member is working towards the common goal and may have to incentivize or motivate them to do so.

Team Production Theory Is a Concept That Includes Elements of Both