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Topic: Business
Number of pages / Number of words: 2 / 449
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Incentives (and disincentives) may not result in the desired outcomes. Businesses must continuously scan their environment, seeking opportunities to meet the interests of all stakeholders.

Minimizing agency costs can be accomplished through communications, sharing risks and benefits and seeking to balance the scorecard...


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Establishing performance standards, using cost effective processes, cost management tools, and incentives are also helpful in driving managing agency problems.

Jones, D. R. & Butler, J.E. (1992). Managing internal corporate entrepreneurship: an agency theory perspective. Journal of Management. Found at: http://www...


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