Primary care doctors offer "10 Cs" of patient care: continuity, comprehensiveness, coordination, first-contact, competence, cost-effectiveness, communication, collaboration, compliance, and competing demands [ 8].
Critically, we observe that enlisting courts in an effort to reduce these control costs will itself impose both competence costs and conflict costs spawned by the adjudication process.
The need to protect the value of authority is greatest, and agent competence costs are lowest, when insiders, such as founders, possess an "idiosyncratic vision" of the company's future at the time of the IPO.
Their study indicated that the five most critical factors are: data security, perceived technical competence, costs, top management support, and complexity.
Once the partners were liberated from their false belief, they soon came up with a wide range of process-oriented solutions that could help nonprofits build their competence at cost management and earn their donors' confidence.
For reasons having chiefly to do with custom, culture and practice -- not competence or cost -- the CIA, Defense Intelligence Agency, FBI and the federal government's other analytic agencies have shied away from simple mathematical tools that would let them better weigh conflicting evidence and data.
The race has focused on competence and cost-cutting.
In particular, the model has been used to teach clinicians in different stages of training and specialties (e.g., medical students, general practitioners, geriatricians), and has been adapted to a variety of communication topics, such as end-of-life issues, cultural competence, and cost-related conversations [ 8, 9].
The exercise of corporate control rights generates control costs–––which include competence and conflict costs–––for both the principal ("principal costs") and the agent ("agent costs").
"Competence — at what cost?" he says to Warner.
