If firms were teams, then there is a need for a

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In any team, there is a need for someone to provide direction, set goals, and monitor progress. This is especially true in a business setting where the ultimate goal is to generate profit. Without a boss or supervisor, there is a risk that team members will not be held accountable for their actions or that the team will lack clear goals and direction. Therefore, a boss or supervisor is necessary to ensure that the team is working together effectively and efficiently towards its objectives.

If Firms Were Teams, Then There Is a Need for a