School work Business organization ii

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School work Business organization ii

  1. 1. BUSINESS ORGANIZATION<br />THE PUBLIC SECTOR<br />
  2. 2. PUBLIC SECTOR<br />PUBLIC CORPORATIONS<br />MUNICIPAL ENTERPRISES<br />PARASTATALS<br />
  3. 3. PUBLIC CORPORATIONS<br />MAIN FEATURES<br />Wholly owned by the state – usually nationalized private sector companies<br />Generally, a Board of Directors operate the business<br />
  4. 4. PUBLIC CORPORATIONS<br />OBJECTIVES<br />SOCIAL OBJECTIVES<br />GENERAL OBJECTIVES<br />
  5. 5. SOCIAL OBJECTIVES<br /><ul><li> TO KEEP PRICES LOW – FOR EVERYONE
  6. 6. TO KEEP PEOPLE IN JOBS – UNEMPLOYMENT DOESN’T RISE
  7. 7. TO OFFER A SERVICE TO THE COMMUNITY</li></li></ul><li>GENERAL OBJECTIVES<br /><ul><li> TO REDUCE COSTS – NUMBER OF WORKERS
  8. 8. TO INCREASE EFFICIENCY
  9. 9. TO CLOSE LOSS-MAKING SERVICES</li></li></ul><li>ADVANTAGES<br /><ul><li> IMPORTANT INDUSTRIES ARE THOUGHT TO BE IN THE PUBLIC SECTOR
  10. 10. LESS PROBABLE FOR MONOPOLIES TO TAKE ADVANTAGE
  11. 11. IF BUSINESSES FAIL, THE GOVERNMENT CAN STEP IN TO NATIONALISE THEM. THEN, THEY CAN BE PRIVATIZED
  12. 12. NON-PROFITABLE BUT IMPORTANT SERVICES AND PROGRAMMES CAN BE MADE AVAILABLE</li></li></ul><li>DISADVANTAGES<br /><ul><li>THE PROFIT MOTIVE MIGHT NOT BE AS POWERFUL AS IN PRIVATE SECTOR INDUSTRIES
  13. 13. SUBSIDIES CAN LEAD TO INEFFICIENCY – IT COULD BE CONSIDERED TO BE UNFAIR
  14. 14. OFTEN, WITHOUT CLOSE COMPETITION = NO INCENTIVE TO INCREASE CONSUMER CHOICE OR EFFICIENCY
  15. 15. GOVERNMENTS COULD USE THESE BUSINESSES FOR POLITICAL REASONS</li></li></ul><li>MUNICIPAL ENTERPRISES<br />INCLUDE TRADING ACTIVITIES AND SERVICES:<br />FREE TO THE USER – STREET LIGHTING & SCHOOLS<br />CHARGED FOR AND EXPECTED TO BREAK EVEN – SWIMMING POOLS, STREET MARKETS AND THEATRES<br />
  16. 16. CHARGED SERVICES<br />MAIN FEATURES<br /><ul><li>SUBSIDIES PROVIDED IF NEEDED
  17. 17. PRIVATIZATION IN ORDER TO REDUCE TAXES</li></li></ul><li>Le fin<br />END OF PRESENTATION - END OF PRESENTATION - END OF PRESENTATION - END OF PRESENTATION<br />ALL RIGHTS RESERVED<br />

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