Enhancing knowledge of the Agency Theory can enhance comprehension of global talent management. According to the theory, a party delegates a duty to another, with the delegating body being referred to as the principal and the executing body called the agent. There could be conflicts between the goals/desires of the principal and potential costs/difficulties in verifying actions taken by the agent.
The principal-agent problem, as explained on http://en.wikipedia.org/wiki/principal-agentproblem, seeks to address the discrepancies in actions arising from varying risk preferences. The l
...eadership style at Virgin Cosmetic Company has been designed to foster adaptability across the world and unlock the potential of employees to think globally.
The management team of the company possesses cultural expertise and fully embodies the corporation's global values, mission, standards, and attributes. Their leadership sets a positive standard for international proficiency, inspiring employees to maintain high standards and adhere to the organization's cultural norms. In 2004, Esen evaluated this as fostering an environment that encourages peak performance and adaptability in the workplace.
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