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Running Head; STARTING A SOFTWARE PLATFORM COMPANYStarting a software platform companyInstitutional AffiliationNameDateSTARTING A SOFTWARE PLATFORM COMPANY2Product software is a software that integrates a wide range of products starting fromlaptop computers, digital video recorders, and desktop computers. Starting a company like thisrequires the identification of a target market, i.e., the university students and setting upprocedures for operating the company (Sharma, 2003). Issues of expansion are also to beaddressed and as such the investors of this particular business. With these in mind, certainaspects need to be discussed about the industry. These issues include;Agency relationship and possibilities of conflict.An agency relationship revolves around two people, the agent and the principal. Theagent is the person who deals with the obligations of the business on behalf of the agency and inthis case my investors. All agency relationships are fiduciary because it involves a certain levelof confidence and trust in the principal. The agent is supposed to act in a manner that is in thebest interests of the principal so as not to create legal problems for the principal/investors.If you expanded and hired additional people to help you, might that give rise to agencyproblems?This could create problems for the agency as I would be adding additional people in thebusiness and therefore expanding the agency relationship.Types of agency conflictAgency confl ...


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