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Principal Agent

While I have never really been an agent of multiple principals myself, I do know that my father acts as one due to his job. My father works at IBM, working both to secure deals and to help with both designing and implementing things that client companies want. To this end, he is an agent of both IBM and the client company that he is working with. While I do not know the specifics of what he is instructed to do for the companies, I can only assume that my father’s goal as an IBM agent is to gain a deal that is the most beneficial to IBM while at the same time making sure that the client company is getting the service they desire while not spending enough money and effort to make the deal not worth it. In simpler terms, one side is trying to spend less for a service while the other is trying to get more for performing that service. Attempting to reach a middle ground is the role my father performs. In this case, despite the inherent contradiction between the two objectives, it is simply...
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Oppertunism

Seizing the moment is often easier said than done. This can be due to a number of restrictions. It can either be the result of not understanding that an opportunity has presented itself or that there are consequences for trying to take advantage of an opportunity and failing. The fear of failure is not something that should be underestimated. Another thing that should not be underestimated is how brief some opportunities can be. Finally there are just times where opportunities just do not seem worth the effort initially but not taking it ends up biting you in the butt later on. I have probably not been opportunistic for all of these reasons at least once, despite how minor they were. What follows are some examples of how I did not act in an opportunistic manner, why I did not do it and how it impacted my life. First are instances where I did not take an opportunity because I believe that the benefit outweighed the opportunity cost. One example of this would have been helping my da...
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Rehabilitation and punishment

When it comes to punishment, the method executed greatly affects the expected results, intentionally or otherwise. While a punishment may be intended to make a relationship more stable, and therefore more profitable, pushing a person too hard will instead make them less compatible with others. As such, it is important to find a moderate punishment that incentivizes the troublesome individual to reform without being so harsh as to make the problem worse. I will look at some examples both relating to my own life and fictional to determine what sort of punishment would be the most fitting. While a severe punishment may more damaging than helpful, the threat of the punishment might be more useful. While I was working over the summer, one of my coworkers was caught slacking off and was given a warning. If they were caught one more time they would be fired. After that, they became much more productive as they knew that they would be monitored more closely. This punishment has several bene...
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