- Words: 1178
- Length: 4 Pages
- Topic: Business
- Paper #: 48287069
Litzenberger and Joy (1975) note that in a decentralized system, quantitative measures are more common for evaluating projects, but they also note that for larger projects there is some degree of centralization. This is the case with Stryker, where the most substantial projects are approved by the Board of Directors.
Ang (1986) notes, however, that there can be agency problems where the interests of the division are misaligned with the