Goal Congruency

2 Posts
1 Sections
1 Types

August 31, 2024 4 min read Definitions

Agency Relationship: Exploring the Principal-Agent Dynamic

Economics Finance Business Agency Relationship Agency Theory Principal-Agent Problem Agency Costs Goal Congruency

An in-depth analysis of the principal-agent relationship, including its costs, the role of monitoring and bonding, residual losses, and the relevance of agency theory in modern economic and financial systems.

August 31, 2024 4 min read Definitions

Goal Congruency: Alignment of Objectives

Management Economics Finance Goal Congruency Agency Theory Organizational Behavior Management Strategy Principal-Agent Problem

Goal congruency refers to the alignment of objectives between different stakeholders within an organization, ensuring that individual managers' goals coincide with those of the organization as a whole and its shareholders.