StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Managing in a mixed economy - Essay Example

Comments (0) Cite this document
Summary
This study deals with Private-Public Partnership (PPP) agreement between London Underground and Mertronet. The purpose of the PPP agreement was to acquire funds from the private sector. This paper begins with the background of London Underground and Metronet…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Managing in a mixed economy
Read TextPreview

Extract of sample "Managing in a mixed economy"

Download file to see previous pages This study deals with Private-Public Partnership (PPP) agreement between London Underground and Mertronet. The purpose of the PPP agreement was to acquire funds from the private sector. This paper begins with the background of London Underground and Metronet. Historical facts are also provided to understand the reason for selection of PPP as a means of financing. It also contains literature survey of the problems of London Underground and Metronet also the National Audit Office Report is presented. The paper has been concluded with a few causes and reasons for the London Underground failure and liquidation of Metronet and is followed by the recommendation for the improvement of the PPP agreement. London Underground has started its operation in the mid-19th century with the help of private venture capital. The Metropolitan line between Farrington and Paddington was the first construction, built by Sub Surface Line (SSL), which was one of the first construction sectors of London Underground (Wolmar, 2002). Due to absence of governing body and corporation, the entire sector started working independently. Therefore, the London Passenger Transport Board (LPTB) was formed in 1933 to control the road and underground transport. In 1948, it was undertaken by the British Commission. The five separate corporations including London Transport Board were restructured by British Commission. ...
The tubes were disorganised, chaotic and systematically mismanaged since the early days. Hence, it was necessary to form a PPP. During the year 2002, due to inadequate investment and problem in managing public service and maintaining infrastructure, it was decided that maintenance and renewal of London Underground’s infrastructure would be undertaken through PPPs (Kellaway & Shanks, 2007). In PPP agreement, a contract has been signed for 30 years and the main purpose was to obtain funds from private sector. It was a partnership between two functions of business, i.e. finance and operation. Private sector is well-organised than public sector to complete a project in a cost-effective way. The renewal and maintenance of the tubes by public sector operations and private sector infrastructure were an arrangement that ensured the tubes would provide successful service more efficiently. The stations, train operations, signalling and safety was continued by the public sector, through London Underground Limited. The infrastructure companies such as Infraco BCV, Infraco JNP and Infraco SSL were formed for the purpose to manage station, trains, and signal and track infrastructure. Infra JNP was undertaken by Tube Line on 31st December 2002 and on 4th April 2003 other two companies were undertaken by Metronet. Metronet had invested ?17 billion amount for the PPP contract of 30 years (Finn & Et. Al., 2007). Metronet Rail Group is the group of Metronet Rail BCV Limited and Metronet Rail SSL Limited based in London, UK. Metronet Rail BCV Limited is involved in upgradation, replacement and maintenance of sub-surface deep tube lines that operates in the streets of London (Bloomberg ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Managing in a mixed economy Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1419269-managing-in-a-mixed-economy
(Managing in a Mixed Economy Essay Example | Topics and Well Written Essays - 3000 Words)
https://studentshare.org/macro-microeconomics/1419269-managing-in-a-mixed-economy.
“Managing in a Mixed Economy Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/macro-microeconomics/1419269-managing-in-a-mixed-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Managing in a mixed economy

Managing Diversity And Equality

If the term diversity is considered in а very simplistic wаy, then diversity cаn be seen аll аround us, by the cаrs we drive, the clothes we weаr, the different diаlects we speаk, etc. While this mаy be а very generаl wаy of looking аt the term diversity, there is а considerаble grаin of truth to this stаtement. Thаt is, 21st-century Britаin is а more culturаlly rich аnd homogenous society thаn ever before. In the context of business, the orgаnisаtionаl mаke-up of the workforce is chаnging too.

Britаin now hаs one of the most diverse workforces in the world, consisting of а wide rаnge of religions аnd ethnic bаckgrounds. However, diversity is not just аcknowledged in these terms. It cаn refers to politicаl beliefs, аge,...
13 Pages(3250 words)Case Study

Leadership as an Important Aspect of Managing

Leadership is an important aspect of managing.  The ability to lead effectively is one of the keys to being an effective manager.  Leaders act to help a group attain objectives through the maximum application of its capabilities. Organizations may be in a state of equilibrium, with forces pushing for change on the one hand and forces resisting change by attempting to maintain the status quo on the other. 

Leaders envision the future. They inspire the organization members and chart the course of the organization. Chrysler’s Lee Iacocca and General Electric’s Jack Welch have provided a vision for their companies. Leaders must instill values – whether they are a concern for quality, honesty...
12 Pages(3000 words)Term Paper

A Critical Evaluation of Workplace Diversity: Measuring the Intended Benefits of Managing Diversity

Diversity represents a wide spectrum of tangible characteristics and somewhat less-transparent personality-driven attributes which either contribute or detract from various social interactions in the workplace. 

With this definition in mind, managing diversity represents the elements of embracing and incorporating a wide variety of human differences (or commonalities) into the daily practice of business so as to provide enhanced benefit to the entire workplace and its processes. The goal of managing diversity is for leadership and subordinates alike to take a rather proactive approach to building enhanced inter-personal relationships and then applying this harmony to goals of higher productivity and teamwork.
...
11 Pages(2750 words)Term Paper

Growth Performance of Indian Economy

This percentage is expected to rise to 70% by 2030 - the largest in the world, according to a report titled Destination India- from the Investment Commission of India.” (Hood).
We all know that for more than a century, the United States has been one of the largest economies in the world. However the past few years showed major development in some countries, and the focus moved to Asian countries like India and China which were progressing very fast.

According to the experts, share in the total world GDP of India will rise from 6% to 11% by the year 2025. The GDP of India rose to 9.0% during the year 2005-06 again to 9.4% in 2006-07. The projection reports say that India will be 60% the size of the US economy...
6 Pages(1500 words)Assignment

The Importance of Tourism to the World Economy

Since the eighties, perceived risk research has been of ongoing interest to tourism researchers, Dolnicar (2005) and Dickson, Chapman, and Hurrell (2000)  states. Contributions often include those which investigate positive risk as a factor in increasing tourists who are seeking a thrill. On the other hand, there are also those who view these risks as something negative, thus avoiding the destinations which are haunted by different risks such as diseases, terrorism and other forms of political instability (Dickson & Tugwell, 2000).

The current qualitative research inquired about the risks perceived by young people as regards both domestic and international traveling. A sample of 23 was interviewed for this purp...
15 Pages(3750 words)Research Paper

Managing Emerging Technologies: The World Bank Group

information Technology helps the businesses in cutting costs and creating value to the organization as a whole, by minimizing the digital divide. This helps in developing new and effective business processes as well as in making value propositions especially in the new and modern corporate world whose business network is spread far and wide, such as the World Bank for instance. Information technology plays a vital role in integrating systems and strengthening the strategic ties between service providers and customers, thereby rendering effective services.
The World Bank is involved in various activities providing a wide range of services to several developing and in transition countries across the globe. The bank, owned, fina...
11 Pages(2750 words)Case Study

The Managing Change and Innovation

In line with the proposition as to whether these operational managers discern ways of enacting responses from the relevant quarters when it comes to products, services, and their related operations, we see that their role is immense and they have to bring about activities right from scratch.
The change factor has to be studied in the light of a consistent basis since as the maxim goes change is the only constant, thus we have to understand the basis of change from that very point of view nonetheless. Managers have to see that the new products and/or services mark the very basis for an organization and it is because of these products/services that the company is moving in a swift manner in a forward direction. Thus all their e...
6 Pages(1500 words)Assignment

Guide to Managing Innovation

It is a universal fact that engineering design must be cautiously planned and meticulously executed; if the design is being aimed to overcome a shortcoming or adding a new feature to the existing product, then the design process gets classified as an innovation. So, under certain conditions, engineering design and innovation are inter-related. In other words, innovation is a key process in a product’s development. I have always been intrigued by innovations, primarily because an innovation challenges conventional thinking, it goes beyond technology. Above all it is imperative for organizations, it is linked to survival and at times it is mentioned as the only sustainable strategy for growth. Hence, I preferred to choose the...
6 Pages(1500 words)Assignment

Nile Floods Public Health Disaster: Managing the Disaster using Katrina Experience

The Katrina hurricane disaster that wrecked New Orleans was a classic example of this. Authors, Frank and Trinidad have observed that disaster preparedness is essential in the current socio-political atmosphere. They say that disasters can lead to illness, injury, the devastation of homes, disruptions of essential services, and the displacement of populations. (Frank and Trinidad, 2007). Every disaster teaches the same lessons. “Advance preparation is essential, communication among responders is critical, rules and procedures are helpful, but autonomy and flexibility within limits are key elements of a productive response” (Frank and Trinidad 2007). 

Originating from the monsoon rains, the annual floods...
16 Pages(4000 words)Term Paper

Effect of Corporations Moving Jobs Overseas on the Economy

The issue comes into focus, whenever there are political, economic debates or talks about H1B visa limits. The economic slowdown has further led to the intensification of these debates. But, despite apprehensions from different quarters, neither the companies nor the government has said a final word on the trend. Increasing levels of competition amongst the corporate houses have been one of the key highlights of the globalization era. Be it the retail sector, the banking, the automobile, the IT-enabled services, the white goods space, etc. the companies have always been on the lookout for reaching out to more number of customers while doing everything possible to please the existing lot. Leveraging the economies of scale has prove...
8 Pages(2000 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Managing in a mixed economy for FREE!

Contact Us