Strategists Should: A. Understand the Nature of Principal-Agent and Principal-Principal Conflicts to Conflicts

Short Answer

Strategists should:
a. Understand the nature of principal-agent and principal-principal conflicts to create better governance mechanisms.
b. Develop firm-specific capabilities to differentiate on governance dimensions.
c. Understand the rules, anticipate changes, and be aware of differences, especially when doing business abroad.
d. Use an understanding of corporate governance to help answer the four fundamental questions in strategy.
e. All of the above.