Examlex
Give one example each of the external, internal, and technical approaches to measuring organizational effectiveness.
Multi-Plant Firms
Companies that operate more than one production facility, often to increase output capacity or serve different geographic markets more efficiently.
Principal-Agent Framework
A theory that explores the challenges in motivations and conflicts of interest between a principal (such as an owner) and an agent (such as an employee) acting on the principal's behalf.
Incentive Compatibility
A concept in economics and game theory that occurs when the incentives align with the desired outcomes, ensuring that participants act in a way that leads to an optimal outcome for all involved.
Supervise
The act of overseeing, directing, or managing activities and tasks of individuals or groups to ensure objectives are met.
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