Table 2

Social impact bond stakeholders' views of performance management

Investor as individualistCommissioner as hierarchistService provider as egalitarian
Management by performance incentives to spur competition Willing to renegotiate and bargain over contractual terms with commissionerMore used to process and output measures than outcomes
Management via clear lines of accountability, contractual obligations
Unused to high-stakes targets/PM. Management by deliberation, mutuality and consensus

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