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Agency problem differs between military and corporate world

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How do you think the agency problem differs between the military and the corporate world? In the corporate world, the shareholders are the owners and they hire managers to run the firm. How does the fact that while the military is much more hierarchical than the corporate world, the people making the management decisions are also different from those whose goals often need to be met? Be sure you discuss the agency problem, as you perceive it, in each sphere as you prepare to discuss the differences.

Reference no: EM131431788

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