Principal-agent problem is a particular game-theoretic description of a situation. There is a player called a principal‚ and one or more other players called agents with utility functions that are in some sense different from the principal’s. The principal can act more effectively through the agents than directly‚ and must construct incentive schemes to get them to behave at least partly according to the principal’s interests. The principal-agent problem is that of designing
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Harry Voll September 1‚ 2014 While reflecting upon the six ELCC standards and how they relate to the current district practices I am drawn to the evaluation tool that is used by my superiors to evaluate my performance as principal of an elementary school. Visioning‚ Positive School Culture‚ Management of staff‚ facilities‚ and resources‚ community engagement‚ knowledge of the law and the role of a professional community‚ and using data to make informed decisions are the underlying
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purpose‚ intimate knowledge of the skills of staff and students and an understanding of the change that will need to occur to achieve the desired outcome. All principals want their school to have successful students. Like the fans of teams who second-guess a coaching decision‚ teachers have wondered about the decisions of some by principals‚ which leads to resistance. It’s an easy thing to do‚ to coach from the stands‚ but the reality of the game is much more complicated. A principal’s job is a lonely
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Identify and describe three strategies you can use to manage your time. Create a Prioritised to do list. To do this‚ first you must identify the goals or current tasks and list them. Then you must prioritise them on a scale of 1 to …. (1 as the most important)‚ considering urgency and difficulty. Create a work Schedule. This is a list of tasks that have all been allocated a timeframe in which to be completed or contributed to. These schedules can be reviewed and also set out on a daily‚ weekly or
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Principal Agent Problem Running a business can be a tricky expenditure in today’s society. As we know a business can only be successful economically if they are bringing more money than they are putting out. Owners of businesses realize that positive economic profit is essential to the livelihood of their businesses. As with every business‚ employees are hired to do specific tasks that the owner assigns for them. However‚ with employees comes the responsibility of managing them. This is where a
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The Principal Agent-Theory as a base for the organization of company innovation process There are many settings in which one economic actor (the principal) delegates authority and/or responsibilities to an agent to act on his behalf. The primary reason for doing so is that the agent has an advantage in terms of expertise or information. This informational advantage‚ or information asymmetry‚ poses a problem for the principal—how can the principal be sure that the agent has in fact acted in her
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a Schmidt – Assistant Principal Reason for meeting: Annual IEP Meeting Information: SPED Teacher: Grandmother is unable to attend because of illness. She is in Kansas City for treatment today. Grandmother and SPED Teacher talked earlier this week‚ and Grandmother agreed for the IEP team to have the meeting. SPED teacher discussed what was being proposed at the IEP meeting and Grandmother had no issues with the draft IEP. Grandmother‚ the special education teacher and possibly the Transition
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from Erving Goffman (1959) and Jonathan Raban after his visit to New York to support how some identities have impacted negatively within our society whether this is included or excluded. You may see a group of teenagers that have a collective identify as they have similar interests for example make up‚ clothes therefore will target certain shops like high street brands such as Superdrug or 17 Cosmetics located in Boots as they are making a statement as certain groups would like to wear certain
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Principals as Instructional Leaders At some level‚ principals always have been instructional leaders—but never before has their role been more prominent. First‚ the accountability movement—No Child Left Behind in particular—thrust principals into the spotlight on academic achievement. Then budget cuts peeled away capacity at both the district and school levels‚ thinning the ranks of assistant superintendents‚ curriculum specialists and assistant principals‚ who shouldered some or most of the
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(the agent) may act on behalf of another party (the principal) and bind that other party by words and/or actions. The etymology of the word agent or agency says much. The words are derived from the Latin verb ago‚ agere (the respective noun agens‚ agentis). The word denotes one who acts‚ a doer‚ force or power that accomplishes things.1 Agency is the exception to the doctrine of privity under the law of contract. 2. LIABILITY OF A PRINCIPAL AGAINST THIRD PARTIES Lord Alverstone CJ in THE QUEEN
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