Virgin Cosmetic Company Essay Example

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