Public sector involve organisations owned and operated by government or their agents and are mostly set up not for profit, but to offer essential services to the public, though profit still reminds one of the objectives of such organisations. Public sectors will major in owning, producing, providing, allocating and delivering goods and services for the government or the public, on either local or international levels, with service provision being more important than making profits. The managers are government appointees, making public companies political institutions. Private organisations. These ere organisations set up, owned, financed, and operated by business people with the single aims of harnessing opportunities to make a profit. The government in private companies only plays a regulatory role through its legal framework, but does not involve in any decision making in such organisations. Their main aim is to invest and harness resources as much as possible to make the maximum profit possible from the community. ...Show more
PUBLIC VS PRIVATE SECTOR AND ACCOUNTING PRACTICES BY NAME: COURSE PRESENTED TO: DATE: Public vs. Private Sector and Accounting Practices Introduction Accounting is the backbone of any organisation. Through accounting, an organisation is able to ensure good record keeping, a good platform to base all judgments and decisions affecting the business, discovering fraud and protecting it, acts as a security to get both short term and long term loans, is a basis through which investors judge the reputation of a company to invest in, and provides the strategic goals and dimensions of the company in line with its vision, mission and objectives…
The paper seeks to answer the question: Is the power of unions to influence the employment relations stronger in the industrial relations of the public sector compared to the industrial relations of the private sector? The paper presents influence of unions in the employment relationship in particular the role of unions in private and public sector industrial relations in UK, France, Germany and Italy.
This is because man remains to be a complex self-actualizing individual as compared to social being. Behavioral approach defines to managers clearly that individuals drive organisation’s productivity. Individuals who are skilled and committed applying appropriate work methods determine the success of an organization.
This was not addressed until the Industrial Revolution that took place between the 18th and 19th century. As profit was the focal point, members were regarded as mere components assigned for a specific purpose and programmed to follow an outlined course of actions.
The strategic perspective considers the organisation in its external environment; it aims to specify clear goals and objectives; it attempts to move away from routine management tasks to consider, in a systematic way, longer term considerations of the very future of the organisation.
A symbol of Corporate Social Responsibility, private sector education has been in a continuous process of restructuring and development and this is done by delegating more powers to schools and parents and by increasing the roles of private sector providers and introducing market forces.
The domain of the public sector are those parts of economic and administrative life that have reference to the the delivery of goods and services by and for the government, whether at a national, regional or local level. The private sector, on the other hand, comprises of organisations which do not have affiliations with the government.
instance, most executives own significant shares of company stock or are required to display tangible increases in revenue in order to receive pay raises. Exactly the opposite is true of public sector employees. In the public sector, upper-level salaries are more related to
The once seemingly indestructible ideological divide between the democratic capitalist west and the authoritarian communist east has finally come to a close. No longer is the international system polarized. No longer
d long term loans, is a basis through which investors judge the reputation of a company to invest in, and provides the strategic goals and dimensions of the company in line with its vision, mission and objectives. Accounting is not only a way to portray the financial
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