What Problems Do Owners Face in Encouraging Goal Congruence of Managers

question 73

Essay

What problems do owners face in encouraging goal congruence of managers? What is a stock option? How can stock options encourage goal congruence?

---

Definitions:

Macy's

An American department store chain known for its wide range of consumer goods, including clothes, accessories, and home products.

Corporate Chain

A series of connected businesses that operate under a parent company or brand.

Form Of Ownership

The legal and structural configuration of an organization, determining aspects like liability, taxation, and decision-making processes (e.g., sole proprietorship, partnership, corporation).

Independent Retailers

Independent retailers are businesses that are privately owned and operated, distinct from larger chain or franchise stores, often characterized by a high level of personal service and uniqueness.