Foucault's corollary: agency theory and the economics of self-monitoring

Authors:
Nilmini Wickramasinghe;Roberta Lamb
Affiliations:
Center for the Management of Medical Technology, Stuart School of Business, Illinois Institute of Technology, Chicago, IL 60661, USA.;Donald Bren School of Information and Computer Science, University of California, Irvine, CA 92697, USA
Venue:
International Journal of Networking and Virtual Organisations
Year:
2009

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Abstract

In a knowledge economy, the management of an organisation's human capital is critical and prudent management often translates into the attainment of a sustainable competitive advantage. The interaction of knowledge workers with Information and Communication Technologies (ICTs) has presented a particularly interesting dynamic to researchers who study changes in related behavioural phenomena. One such phenomenon is self-monitoring. This paper examines the economics of self-monitoring and the integral role of ICTs in enabling knowledge workers to self-monitor. By merging Foucault's power/knowledge ideas with classical agency theory, we gain a richer understanding of human capital dynamics in a knowledge economy.