Assignment 4-1.docx - � As you approach this assignment think about how the Principal-Agent Theory is related to the out-of-stock problem as discussed

Assignment 4-1.docx - � As you approach this assignment...

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· As you approach this assignment, think about how the Principal-Agent Theory is related to the out-of-stock problem as discussed in the FMI/GMA Trading Partner Alliance Report. Reading the entire document will give you an overall perspective. Pay attention to the problems or issues you'll find mentioned in "The Process/Practice Gap: Synchronizing Efforts" (page 7), "The Organizational Gap: Owning Change," (pages 10-11), "Good-Better- Best Process/Practice" (page 14-15), and "Good-Better-Best Organizational Improvement" (pages 15-16). · Answer these questions : o (1) What is the out-of-stock problem? In what way is this problem related to principal-agent theory? The out-of-stock problem is an issue among food retailers when products are not available. This is an issue for consumers because they are choosing to go to another store, or to another brand. This is related to the principal-agent theory in a simple example. You as the consumer who is the agent, trusts that the retailers, the principal’s will have your products available on hand. When
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