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Put another way, the incentives facing any single component of a greater whole does not always align with the incentives of the organization itself. In fact, yo
by gottorf 3y ago
Put another way, the incentives facing any single component of a greater whole does not always align with the incentives of the organization itself. In fact, you could say that a good measure of how well an organization is run is how closely those different incentives align.
- maxbond 3y agoIn economics, this is called the principle-agent problem. https://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...