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Mitigating the agency problem: Difference between revisions
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Understand also that, especially where there is rampant [[juniorisation]] and segmentation of functions into component parts, the agents carrying out these atomised functions may not realise that they are afflicted by the agency problem. Consider the operational bucket production team: | Understand also that, especially where there is rampant [[juniorisation]] and segmentation of functions into component parts, the agents carrying out these atomised functions may not realise that they are afflicted by the agency problem. Consider the operational bucket production team: | ||
The polishing team say, “we take the bucket, polish it, and give it to the priming team.” <br> | The polishing team say, “we take the bucket, polish it, and give it to the priming team.” <br> | ||
The priming team say, “we take the polished bucket, prime it, and give it to the painting team.” <br> | The priming team say, “we take the polished bucket, prime it, and give it to the painting team.” <br> | ||
The painting team say, “We take the primed bucket, paint it, and give it to the drying team.” <br> | The painting team say, “We take the primed bucket, paint it, and give it to the drying team.” <br> | ||
The drying team say, “we take the painted bucket, dry it, and give it to the stripping team.” <br> | The drying team say, “we take the painted bucket, dry it, and give it to the stripping team.” <br> | ||
The stripping team say, “we take the dry bucket, strip it, and give it to the polishing team.” | The stripping team say, “we take the dry bucket, strip it, and give it to the polishing team.” | ||
It now becomes clear that this multi-phase operation needing quality control and audit, with a front to back workflow optimisation and data visualisation tool to generate management informaiton about the quality of each phase of bucket coating preparation. | It now becomes clear that this multi-phase operation needing quality control and audit, with a front to back workflow optimisation and data visualisation tool to generate management informaiton about the quality of each phase of bucket coating preparation. | ||