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Delegating in the Workplace

File(s)
Delegating_in_the_Workplace.pdf (716.96 KB)
Permanent Link(s)
https://hdl.handle.net/1813/87361
Collections
International Publications
Author
Serrat, Olivier
Abstract

{Excerpt} No man is an island, entire of itself; … , meditated John Donne. In more ways than one, too: cooperation, especially the trust and graduated delegation of authority it usually implies when people come together to realize societal and organizational goals, determines how we live, learn, work, and play. Because the perceived benefits from cooperation normally outstrip those from going it alone—for instance, by reducing transaction costs, collaboration mechanisms are integral to necessary management of (scarce) natural, human, tangible, and intangible resources—we delegate (and pay for), say, procurement of foodstuff, health care, education, entertainment, and protection to supermarkets, doctors, schools, the film industry, and armed forces. We do so by framing obligations for exchange of valuable things in marketplaces. Most exchanges are straightforward, self-executing matters giving satisfaction, e.g., the sale and purchase of a soft drink—if this were not so, controversy and dispute would soon suffocate society at large and the commerce that nurtures it; however, others are not.

Date Issued
2011-04-01
Keywords
Asian Development Bank
•
ADB
•
poverty
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economic growth
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sustainability
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development
Rights
Required Publisher Statement: This article was first published by the Asian Development Bank (www.adb.org).
Type
article

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