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Connecting the Dots

 A brief review to recap what I wrote previously. My first post is “Boot Camp Organization”, which is about my experience in Army and how Army could be related to organization operations. The second post, “Discussion About Opportunism”, is about how selfish person act to maximize their own profits regardless others, which may cause reduction on community’s welfare. “Knock Knock Housekeeping” is the third post talking about my experience as a crew leader in housekeeping department. The fourth post is about a hypothetical scenario which illustrates how the Illinibucks Program works. After reviewing those posts, I found it is quite easy to follow the logic. All posts have some relationships with organizations and discuss few critical components which companies should have. These components are goals, rules, and participants. I will explain them respectively below. Firstly, a good organization must have clear goals which are known by all managers or employees. In my first post...
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Triangular Principal-agent Model

Most of time, the tension between the agent and principal results from goal incongruence. The same reason causes problems in a triangle like principal-agent situation. Take my work experience two years ago in Colorado as an example, I was a crew leader who had to satisfy both my supervisors and my crew members. As I mentioned in the previous post, I attended the summer work and travel program and worked in a housekeeping department for three months. My job was to lead crew members to finish tasks that supervisors assigned. In that situation, my supervisors can be considered as the principal 1, and my crew members are considered as the principal 2. The principal 1’s goal is to finish cleaning cabins or lodge rooms as more as possible in the shortest time, and I am the agent who is supposed to help them finishing the goal. The principal 2’s goal is quite opposite to the principal 1’s goal, since most of housekeepers are international students who joined the program for fun and they ...
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Boot Camp Organization

It was the end of June 2014, I just graduated from college, feeling my bright future is awaiting me. Well… that sense of victory didn’t last too long. Three days later, I was on the bus which takes privates to the boot camp: it was the compulsory military service that every man in my country has to fulfill. That summer turned out to be the worst summer I’ve ever had. The boot camp was a 30-days orientation for new recruits. The squad leader showed us how their organization, Army, works, and rules were clearly given to us. Follow the rules then you are free from troubles; break the rules then not only you but all squad will be punished. Sounds fair enough to follow the rules, however, some privates were preferred to try some bold moves and we were punished consequently. That was the time I realized how people are insanely irrational in the real life. I bet those privates haven’t learned Economics before, not to mention prisoner’s dilemma of game theory. What we did was like a game ...
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