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.
Nobody downloaded yet

Managing in a mized economy - Essay Example

Comments (0) Cite this document
To what extent is it true to say that managing in the public, private or voluntary sectors is essentially the same? Like most other disciplines in the social sciences, 'management' is difficult to define. The Oxford Dictionary says that 'manage' means to handle, to conduct, to control and to take charge of something (Gadkari, 1997)…
Download full paperFile format: .doc, available for editing
Polish This Essay98.2% of users find it useful
Managing in a mized economy
Read TextPreview

Extract of sample
"Managing in a mized economy"

Download file to see previous pages This therefore means that management of an entity would have to set up a system of delegation and working that would enable individuals within an organisation to extract resources from the society, process it and then sell it to members of the society. Most organisations are either publicly or privately owned (Gadkari, 1997). However, there is a growing trend of social entrepreneurship. 'Social entrepreneurship' is a term linked to the activists, NGOs, policymakers, international institutions and corporations which address a range of social issues in innovative and creative ways (Nicholls, 2006). Management techniques are adapted to be able to give all organisations guidelines and codes of best practices to apply in the setting up and running of successful businesses (Montana & Charnov, 2008). Management encourages the people with power and authority in organisations to set up permanent systems and structures as well as periodic targets and ends and ensure that they are attained through leading, co-ordination, monitoring and evaluation (Witzel, 2004). In this sense, management gives sufficient tools, techniques and guidance that can enable people in all forms of organisations to attain results. This means that management just gives people in authority the right and ideal standards and techniques to attain the standards and targets they set. This therefore means that management in public, private and voluntary organisations are essentially the same. However, Holley et al (2009) state that management in public, private and voluntary organisations are different because of the inherent nature of these forms of business. First of all, the public sector is set up by the government to provide services to the public at little or no costs. On the other hand, private businesses are set up to render a service to the society with a view of maximizing the profits of the owners. Voluntary organisations on the other hand, are set up by non-governmental entities to provide services to the public at little or no costs and are usually funded by philanthropic efforts. The structures of authority and establishment of these entities create inherent differences in these organisations that makes it inappropriate for a manager to use the management system that works for one class of entity on another. This is because the government's requirement from public sector organisations are not the same as those used by the shareholders of private companies. Also, the requirements of sponsors of voluntary organisations are very different from these two. This therefore makes it necessary for different management systems to be used in each of these cases. Holley et al (2009) state that monopolistic conditions often exist in the public sector. This is because few people provide the same service that public sectors do. This therefore means that the requirements and desires of the public sector are not very demanding. On the other hand, the private sector is very competitive. This is because an average business seeks to gain a larger market share in the face of competition from other businesses that provide similar goods and services to members of the public. This therefore means that a private sector organisation needs to remain competitive to survive into the foreseeable future. Voluntary organisations are also specialised in their nature and do not often face competition directly (Courtney, 2002). However, their supreme goal is ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Managing in a mized economy Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/management/1427832-managing-in-a-mixed-economy
(Managing in a Mized Economy Essay Example | Topics and Well Written Essays - 1250 Words)
“Managing in a Mized Economy Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/management/1427832-managing-in-a-mixed-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Managing in a mixed economy
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.
12 Pages(3000 words)Essay
This innovation transport network started with a six kilometre line connecting Paddington to Baker Street and, further, to mainline stations above the ground in the city of London. Currently, LU comprises or more than 400 kilometres of railway track, serving 275 main stations, while traversing across 12 lines.
12 Pages(3000 words)Essay
As such, PPP describes a private business venture of government service operated or funded through a partnership between a private sector company and the government. There are usually a number of arrangements describing PPP. In most cases, there is a contract in which the private venture provides a public service and thereby assumes technical, financial, and operational risks.
11 Pages(2750 words)Essay
As per the commonly provided explanations, a mixed economy is the economic system wherein both the state level organisations and the private sector possess a substantial control over the economic activities of the nation. The emergence of a mixed economy has been related with the failure of the centrally planned economy.
10 Pages(2500 words)Coursework
Managing Mixed Economy
The London is also home to the capitals leading air ambulance. The Royal London hospital was founded in 1740 and initially named The London infirmary (Barts Health 2013). It was founded on by seven men who were businessmen, professional and some philanthropist’s like any other charities it was purposely to intend to provide medical services to the sick poor.in 1748 the royal London hospital name changed to The London hospital (Banks 2013).
12 Pages(3000 words)Essay
Managing Global Economy
On the other hand, expanding our exports should not be counted upon normally as a sovereign means of increasing domestic employment. It is true that under conditions of actual or threatened economic depression, measures aimed at contracting imports and expanding exports often would increase domestic employment if they were not offset by retaliatory measures on the part of other nations.
4 Pages(1000 words)Essay
Managing in a Mixed Economy
On the other hand, some services may be granted to persons with specific needs like disability services delivery and age care. Other services that the government ensures performance are basically such services that each and every national
10 Pages(2500 words)Essay
Managing in a Mixed Economy
Workington was established long time ago as early as 122 AD when the Roman forts established a defense watchtower along the Cumbrian coast. Their main agenda was to mine the coal and steel that was and still is the major resource of the area.
3 Pages(750 words)Essay
Government Managing the Economy
nment decides on what to produce, how much to produce, techniques to be used in the production process as well as the means of production to be applied (Kennedy, 2008). One of the roles that the government plays in the economy is to ensure stability and growth. The government
1 Pages(250 words)Coursework
Managing in a global economy
uces a vast line of chocolates and candies and supplies the products to its numerous franchise locations, delivered fresh by the company’s fleet of refrigerated vehicles. The company produces 300 different types of chocolates and candies, using proprietary recipes developed by
8 Pages(2000 words)Essay
Let us find you another Essay on topic Managing in a mized economy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us