Describe the 4-D Framework and Provide an Example of Its

question 41

Essay

Describe the 4-D framework and provide an example of its application steps.

---

Definitions:

Principal-agent Relationship

A dynamic between a principal, who delegates tasks, and an agent, who performs tasks on the principal's behalf, often leading to issues related to alignment of interests.

Decision Makers

Individuals or groups responsible for making choices that influence outcomes or the direction of a project, strategy, or organization.

Information

Data, facts, or knowledge conveyed or represented in a format that is understandable and can be used to make decisions.

Car Salesman

A person who sells new or used cars at a dealership and is often involved in negotiating prices and financing terms with buyers.