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Considering organisational performance in relation to strategy choice and implementation,Hubbard et al.and Treacy & Wiersema argue that:
Agent
An individual or entity authorized to act on behalf of another (known as the principal) in dealings with third parties, creating a legal relationship called agency.
Authority
The power or right to give orders, make decisions, and enforce obedience, or a person or organization having such power.
Contract
A legal agreement between two or more parties that creates mutual obligations enforceable by law.
Liable
Legally responsible or obligated to someone or something, often used in the context of legal judgments or debts.
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