Evaluation:
Published: 01.12.1996.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'Hypothesis Identification Article Analysis ', 1.
  • Essays 'Hypothesis Identification Article Analysis ', 2.
Extract

In today's zero-defect business environments, companies must select effective, informed decision makers for key decisions. Michael C. Jensen and William H. Meckling (1992) challenge this corporate maxim. They argue that the best decision maker is the person with the best incentives to make successful decisions, even if companies realigning their decision making processes spend more in communication costs and time. In the right answer lies one of the keys to effective business management.

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