SELF-INTEREST‚ ALTRUISM‚ INCENTIVES‚ & AGENCY THEORY Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract Many scholars‚ business people‚ policy makers‚ and religious leaders are suspicious of self-interest and incentives and often oppose the use of incentives to motivate managers‚ employees‚ public servants‚ or the public itself. I address here some of these issues regarding human nature and organizations raised by Michael Brennan (1994) in “Incentives‚ Rationality‚ and Society
Premium Principal-agent problem Evolutionary psychology Human behavior
Relationship between Personal Profile and Wellness Practices Table 12 shows on the next page‚ the relationship between personal profile and wellness practices of the secondary school teachers. It is seen in the table that age has significant negative correlation to emotional wellness and social wellness. This denotes that as a person grows older‚ he has lower emotional stability‚ and vice versa. This implies that as a person ages with time‚ he generates lower emotional stability. According to a
Premium Obesity Body mass index
Designing a Reward System for a Human Service Organization When designing a reward system for a human service organization it is important to note that persons who work in the human service industry do so because it makes them feel good to help others and to achieve positive results. It is important that employees receive bonuses and pay raises for their accomplishments‚ however receiving praise and recognition is important as well. Applauding employees who help to create an environment conducive
Premium Human resource management Employment Motivation
Evaluating the tax incentives for foreign investors policy Reporting to the Manufacturers league Executive Summary This report has been written in response to the government’s proposed tax incentive policy for foreign multi-national corporations to increase foreign direct investment within Australia. The report draws attention to the reasons behind the government’s proposal. These include the slow growth trends of the manufacturing industry‚ restoring the dropped level of foreign investment
Premium Foreign direct investment Macroeconomics Investment
Designing a Customer loyalty program: Customers’ expectations are increasing. Today’s customers want service‚ products that meet their needs‚ value for money and added benefits. In response to this‚ retailers are stepping up. Their promotional activity to the extent that sales and special offers have become everyday affairs‚ rather than end of season stock clearances. As a result margins are being eroded to dangerously low levels. Some retailers like Pantaloon have introduced card-based collector
Premium Loyalty program Incentive
Meeting‚ Incentive‚ Convention‚ and Exhibition (MICE) Industry: Analysis & Investment Opportunities Department of Investment Services‚ Ministry of Economic Affairs Table of Contents I. (I) (II) II. (I) Global Trends in MICE Industry Development .................... 1 A 21st Century Goldmine................................................................1 The Asian MICE Industry Boom ...................................................2 The Status of MICE Industry Development in Taiwan ........
Premium Taipei Taiwan Tourism
My personal mental wellness map is dedicated to showing others how I cope with stress. The purpose of my map is to interpret the things that make me happy and the first few things that I do‚ when I’m feeling down. I’ve learned many different things during this unit of Mental Illness‚ for example Depression. It’s a very severe type of mental illness‚ described as a feeling of sadness‚ anger‚ & negative thoughts. The elements of my Mental Illness map requires are writing poems‚ listening to
Premium Psychology Medicine Health
Employee Assistance Program Plan Proposal - Healthier Habits 1. Cause and extent of the targeted health issue Overweight and Obesity is an issue of serious concern for Australia’s economy and workforce. In 2008‚ the Department of Human Services reported that rates of overweight and/or obesity were predicted to reach 83% of males and 75% of females aged 20 and over by 2025. Here in Queensland‚ a shocking 65% of adults are already overweight or obese. It is an issue that results in an increasingly
Premium Health care Health Medicine
DepEd PROGRAMS IMPLEMENTED TO ATAIN QUALITY EDUCATION Implement programs and projects to achieve three desired outcomes. These are: • Raising learning outcomes • Reducing resource backlogs • Expanding access to Basic Education and improving equity A. RAISING LEARNING OUTCOMES 1. Basic Education Curricular Reform-The project is designed to make the curriculum relevant‚ effective and responsive to the needs of local and global society. 2. Computer Education for Public Elementary
Free School Teacher Early childhood education
Week Five | | | |1) Going on and off starvation diets will hinder long –term weight loss because this type of dieting |A. hinders nutrient metabolism. | | |B. fosters inappropriate exercise habits. | | |C. slows down the basal metabolic rate. | | |D. increase the amount of essential fat. | | | | | | |2) The success rate of maintaining weight loss is improved with |A. continued dieting. | | |B. increased protein. | | |C. exercise. | | |D. decreased essential fat. | | | | | | |3) Which
Premium Obesity Cancer Sexually transmitted disease