Military Management and the Agency Problem
Military Management and the Agency Problem Agency theory can be helpful for understanding any organizational conflict or behavior, and applies equally as well to the private and public sector. Applied to the military organization, agency theory "offers insight into how military strategies relate to political objectives," an important consideration (Petrina, 2005, p. v). When it is applied to the corporate world, agency theory also offers insight into how executive decisions are made and how executives can become corrupt when they possess significant power and separation from agents or shareholders. There are differences in corporate versus military… Continue Reading...
