In the classic market exchange, traders own the resources and bear

In the classic market exchange, traders own the resources and bear the full wealth effects of their actions. Under such circumstances, there is no agency problems as the market performs the three tasks (partition decision rights, measure performance and reward performance) automatically.However in an organization, this is not the case. Deliberate effort must be made to design an effective organisational architecture that will ensure decision rights are partitioned optimally and decision makers motivated to maximise firm value.Required:Select a company you are familiar with or one you are currently working in, or one with information publicly available. Using your own words as much as possible, and in not more than 2,000 words (in total):(a) Describe the industry the chosen company is operating in, and an outline of the background, nature of business, the industry and the environment it is operating in, its products/services, etc.(5 marks)(b) Analyse the company’s organization structure and describe what has been put in place by the company to replicate the three administrative devices to minimize agency problems. (10 marks)(c) Describe any weaknesses of these existing systems.(10 marks)(d) Suggest possible improvements that the company can adopt.(15 marks)