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

Public Sector Management - Essay Example

Comments (0) Cite this document
Summary
The paper is devoted to the discussion of the issues of management in public sector, namely the questions of the corporate governance and the problems of providing consultations with the key stockholders. As these issues often become cornerstones for the companies of public sector, it is necessary to base their description on the real environment with the application of the appropriate theories
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Public Sector Management
Read TextPreview

Extract of sample "Public Sector Management"

Download file to see previous pages The public sector company I am going to speak about is one of the prominent companies in the Caribbean region, the name of which has been asked not to be revealed. During the work in this company, I have become the witness of the way the corporate governance was performed. According to the information I had been by my colleague, the process of implementing new corporate governance strategy has been implemented since the year of 1981, when the word combination 'corporate governance' has not yet been implemented and has been known only to a few people. The need in implementing this strategy lied in the fact that the government has been facing the necessity of merging this public sector company with another one, which put under the threat the future of many workers. That's why the Board of Directors decided to combine various corporate governance initiatives. The first step in implementation of the governance initiatives was the issue of the limited stock meant for the managers of the company as a part of their employment contract. Through this step the Board sincerely hoped that this would unite the managers with the company and would encourage them work for the benefit of this company, with building solid and long-term relations with the key shareholders. This set of initiatives was later followed by the granting the tag-along rights to all shareholders. From the critical point of view, tying the managers to the company as its shareholders may both work for the benefit and for the failure of the company. On the one hand - making managers shareholders of the company they work in may really encourage them for better achievements; on the other hand, people don't always understand the importance of being a shareholder, which means that not all workers, becoming shareholders will display better working results. However, it is very important for the managers to create solid relations with the investors and shareholders, which means that being a shareholder themselves will only help them in this process.
The Board of Directors has implemented a new capital share structure. This new structure allowed involving the minority shareholders to the governance process, which also assisted in maintaining the new capital share structure. The governance structure of the company described, seek to align the interests of the executive employers and the shareholders. The main guidance of the corporate governance of the company lies in the belief that effective system of governance supports the confidence of the shareholders and becomes a proper basis for the correct functioning in any public sector. It does not matter, whether the enterprise belongs to the public or private sector. These laws are applicable to all spheres of business. For example, one of the most effective steps in improving corporate governance was equalizing the dividend treatment between the preferred and the common shareholders. In this process to align the interests of the shareholders and the executives made the Board of the company establish a system of executive compensation which has been closely connected with the shareholder value creation. Since the year 2000, the bonuses which the executive workers received in their normal process of work, has been closely ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Public Sector Management Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Public Sector Management Essay Example | Topics and Well Written Essays - 2500 words. Retrieved from https://studentshare.org/miscellaneous/1500638-public-sector-management
(Public Sector Management Essay Example | Topics and Well Written Essays - 2500 Words)
Public Sector Management Essay Example | Topics and Well Written Essays - 2500 Words. https://studentshare.org/miscellaneous/1500638-public-sector-management.
“Public Sector Management Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/miscellaneous/1500638-public-sector-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Public Sector Management

Contemporary Management Practices within the Public Sector

...? Table of content Management Summary 3 Chapter 4 Introduction and Overview 4 1 Introduction (background study) 4 2Importance of Topic 15 3State of the Field 16 1.4Thesis Outline 17 1.5Summary 19 Chapter 2 20 Contemporary Management Practices within the public sector 20 2.1 New Public Management- an introduction 20 2.2Public Sector Procurement Management as against private sector procurement 23 2.3Procurement as a Part of the Supply Chain Management 28 2.4Strategic Procurement and Sustainable Procurement 34 2.6Decision making within public procurement 41 2.7Summary 44 3.1 Introduction to Performance Measurement 46 3.2 Performance measurement by KPI’s (Key Performance Indicators) and BPI’s (Best Practice Indicators) within Strategic...
112 Pages(28000 words)Thesis

Public sector management and governance

...?Full and section number of New public management (NPM), has its processes and management techniques taken from private sector and is found to be a global phenomenon to which many nations are converging. New public management activities focus on public management and ignore the traditional public administrations system. Crucial factors of new public management include different types of decentralizing management in public services. For example, financial control, delegation of budgets and formation of autonomous agencies. Other factor includes extensive use of markets and competition in providing public services. For example market-type mechanisms like contract giving. New public management also includes high emphasis on performance...
9 Pages(2250 words)Essay

Public Sector Management & Theories/Case Study

.../tensions-rise-over-act-restaurant-closures/3970614/?site=canberra§ion=news > BYRNE, E (2012) “Tensions rise over ACT restaurant closures” ABC News, Australian Broadcasting Corporation, broadcast April 25. Web, retrieved on 17 may 2012, From, COX, L, 2012, Govt to name and shame dodgy ACT food outlets. Canberratimes.com.au. the Canberra times. Web, Retrieved on 17, May 2012, From, < http://www.canberratimes.com.au/act-news/govt-to-name-and-shame-dodgy-act-food-outlets-20120221-1tlwh.html#ixzz1tDYtt0O5 > FLYNN, N. (2007). Public sector management. London [u.a.], SAGE. KPMG (2011), Discussion paper on proposals for improving food safety and food regulatory transparency in the ACT, Canberra. Web, Retrieved on 17 May 2012, from, ...
4 Pages(1000 words)Essay

Discuss how theories of organizational culture can illuminate the practice of public sector management. You may use a particular

...an organization has become increasingly popular among governments across the world. This paper highlights the attributes of public sector management, organizational politics and strategic management with respect to organizational culture. Furthermore, this paper also examines the theory of organizational change as well as the aspects that bring about effective and enduring change in public sector organizations. Public Sector Management Private and public are the two sectors of economy. While the former deals with private and non- governmental...
9 Pages(2250 words)Essay

Risk Management: Public Sector Loss Financing Schemes

... be addressed to determine the reason for mishaps. Case Study 1 The purpose of this essay is to present an appropriate and effective risk management plan for the public sector through “Integrated Risk Management.” Integrated Risk Management refers to a comprehensive approach in dealing with the risks faced by policy makers, government agencies, and other parties within the public sector. It builds upon the notion that managing risks at the individual activity level or functional silos is no longer sufficient due to the interconnection between risks that public agencies face. Hence, taking a continuous, pro-active and systematic process to understand, manage, and communicate risks from an organization-wide perspective, integrated risk...
9 Pages(2250 words)Essay

Public sector and management accounting

Most accounting standards organisations set standards for the running of companies. This is because such companies are in the majority in most nations. And such companies have stakeholders who demand timely and comprehensive financial statements. However, the public sector has distinct requirements and expectations. Due to this unique posture, the public sector requires different standards and frameworks for accounting.
The International Public Sector Accounting Standards Board (IPSASB) sets standards for the public sector in the international community. And these standards are applicable to government agencies and other public sector entities as well as intergovernmental organisations. These standards are known as Internation...
12 Pages(3000 words)Essay

Questions Related to Public Sector Management

...1.Per Ian Chaston, in his book: "Public Sector Management, Mission Impossible", Chapter Describe the evolution of the role of governments in Western societies from mainly funding armies to providing a wide variety of social services for its people as industrialization progressed and economic cycles caused social problems. Answered The evolution of the role of governments in Western society can be traced back to the point in time that a level of industrialization and progress was experienced within the system. In the earliest years of Western governmental structure, the state was mainly responsible for regulating commerce and providing the requisite funding for the military. However, as the complexity of society grew, the state found...
12 Pages(3000 words)Assignment

Public sector management

...Public Sector Management Table of Contents Introduction 3 Literature Review 4 Solution to the Policy Problem of Poverty Reduction and Social Justice 7 Problems to Be Faced For the Proposed Solution 9 Recommendations to Deal with the Expected Problems and Conclusion 9 References 11 Introduction Socially comprehensive society is the one wherein every individual is valued, respected and the basic requirements of the people are met in order to have dignified life. The inclusive society creates opportunities for every individual to make their voice heard for the betterment of the people. However, due to the social, economic and cultural barriers inclusive society is not being able to have its existence in widespread locations. One...
8 Pages(2000 words)Assignment

Comparative public sector management

... are tools that maximise efficiency of public management and are applicable to the private and public domains. There are many theories that provide a framework for public policy, and their application is varied depending on the context (Khaleghian & Gupta 2005, pp 1083-1099). Theoretical Framework in Public Sector ManagementPublic policy is often characterised by dynamic, complex and interactive systems. It is through these systems that the problems affecting the public are identified and solved. The most basic solutions in this line are usually the formulation of new policies that reform the existing ways of doing things and as such increase the connectedness of the government and other players to the public. Using a theoretic approach...
9 Pages(2250 words)Essay

Public Relations and School Administration: The Jena Six Story

The infamous Juvenile Correctional Centre for Youth is located in Jena, with the institution closing after merely 2 years of its opening. The closing of the institution was owed to prevalent brutality and racism. One of the scandals they were involved in was the choking of black juveniles during a meeting with a lawyer. The guards also paid inmates for them to wrestle and fight with each other for their entertainment and also laughed at teenagers who are trying to commit suicide inside the jails (Witt, 2007).
At one time, district boundaries lines had been drawn to establish or maintain white-non white separation. It was in the last 20 or so years that nonwhites had begun to move into several areas; Jena for one, previously p...
11 Pages(2750 words)Term Paper

Implementing Schedule of Time Management

...Running head: PHASE 5 INDIVIDUAL PROJECT PHASE 5: Individual Project Affiliation October 2008 How often have you heard it said that planning is waste of time? No sooner is the plan completed than someone comes along to change it. These same naysayers would also argue that the plan, once completed is disregarded and merely put on the shelf so the team can get down to doing some real work. To people management, we mean the planning activity that involves deciding on the types of people in form of resources that are required to fulfill the requirements of the project. In other words the types of skills and number of workers we need to complete the project (kwysocki, 1997). Whenever we talk about the methods involved in the project management...
6 Pages(1500 words)Coursework

Change Management

In light of these, management must go out of their way to deal with organizational resistance to change because even the most carefully laid out or well-intentioned changes can still meet resistance. Subsequently, an organization’s ability to gain benefits from their change efforts is largely affected by their ability to create environments that encourage support and acceptance from other members of the organization. (Coetsee, 2003)
Some authors assert that resistance to change may be defined as behavior that human beings depict when they are attempting to protect themselves from the effects of change; these effects may be real or they may be imagined depending on the situation under consideration. Others believe that r...
10 Pages(2500 words)Coursework

The Evolution of Public Media

To instigate one to a category can now just as easily break out into a full-on discussion that may exhaust time and brain cells and yet still remain undefined.
In so much so that censorship and other restrictions, imposed by governments, critiques, audiences and other artists may condone a certain message of restraint that could bring about a new sense or in some cases lack thereof of artistic freedom. It is no longer a matter of identifying the genre and then moving along with the idea. Today’s global world will continue to embark and expand to involve all who are part of this world to be within the grasp of criticism or acclaim.
This categorizing and boxing up is now becoming obsolete as more and more works show...
9 Pages(2250 words)Coursework

Diversity Management in Organisations

...Managing Diversity in Workforce Contents Introduction 2. Diversity Management: Challenges and Benefits 2 3. Managing Diversity 3 3 Significance of Involvement culture 3 3.2 Impact of Organizational Ethnicity on diversity 4 4. Best Practices to Manage Diversity 4 5. Conclusion 5 6. Bibliography 6 1. Introduction “Diversity” characterizes the massive amount of individual divergences that subsists amid persons. Workforce diversity is a gathering of the resemblances and discrepancies between workers in such sorts as “age, sexual category, cultural inheritance, physical capability and race.” (POLLITT, David, 2006) As of today, diversity in the place of work is widely acknowledged as an advantage that contributes to a business institution’s base...
6 Pages(1500 words)Case Study

People, Organisations and Management

Organizations and their management styles have evolved to a great extent in the service and manufacturing industry over the last century, and so have been the concepts of management and its functions. These evolutions can be traced to significant developments brought about by the industrial revolution, scientific management principles such as Taylorism and Fordism, transition of feudalistic to capitalistic approach and others in different sectors of manufacturing industries. However, the beginning of the industrial revolution was characterized by a rigid hierarchical bureaucratic way of organizing business enterprises, a style prevalent even today but only in military service organizations. Nevertheless, the manufacturing and busi...
8 Pages(2000 words)Assignment

People Management In Large Public Sector Organisations

...People Management In Large Public Sector Organisations Human resource management (HRM) in the public sector is a partner and influencer in the effect of public sector change. This paper will analyze situations related to the performance of people at work, team management and the recruitment and selection of people in public organizations are going through an operational boundary change. It will also explain the critical differences between the career service model and the position based model and how they have been impacted by the de-centralisation and devolution shift through the delegation of authority and accountability for employment related matters to the individual departments and agencies. The rise of performance management...
14 Pages(3500 words)Case Study

Increasing Public-sector Effectiveness by Changing Organisational Culture

... work is a process; there is a need to understand what the customer needs for delivering it; it should be right the first time and every time; the aim should be for prevention and not detection; and the focus should be on value addition and not cost-addition (Halliday, 2002). Impact of Organisational Culture on Effectiveness Knowledge is an important asset in public sector organisations that should be carefully managed. However, knowledge management studies have been neglected in the public sector. This is a serious drawback as public sector organisations are in the business of developing and providing knowledge, and have been classified as knowledge-intensive organisations. Organisations have knowledge as their core product, provide...
10 Pages(2500 words)Coursework

Juvenile Delinquency and Education: A Comparison of Public and Private Education

Perhaps a reason for that was that child mortality rates were high. It was not considered feasible to form attachments with children. They were left up to nature and the survival of the fittest approach. However, at the end of the eighteenth century, the age of “The Enlightenment” brought about changes regarding the status of children. This new cultural awareness was a part of the humanist movements of the age. They were now considered to be the welfare and responsibility of the state. The strict disciplinarian ways were giving way to nurturing and concern. At this point, children were now considered a distinct group.

It wasn’t until the establishment of The Juvenile Justice Courts were children offici...
6 Pages(1500 words)Research Proposal

Self Assessment: Conflict Management Style

...Please indicate Self Assessment: Conflict Management Style The assessment on conflict management that I took suggests that I am the type of person who tends to cooperate and work with people to achieve a desirable outcome. It suggests that when I am faced with a conflicting situation, although I listen and consider other viewpoints included in the discussion, I carefully evaluate and analyse every detail in accordance to my own. It depicts that I welcome other ideas or arguments but not easily swayed by them for I tend to make my point be heard and accepted as well, creating a really interesting discussion that in turn promotes a win-win situation. Furthermore, the assessment also indicated that second to collaborating attitude, I also...
7 Pages(1750 words)Essay

Management Theory and Practice in the Early Childhood Education Industry

... likely that some employees in this sector could be laid off, which adversely affects their motivation. Despite public sector cuts, it may be possible to adopt alternatives such as transferring some employees into part time employment, or reducing their wages but retaining them nevertheless. Applying Taylor’s Scientific theory of management, it would be the efficiency of the working methods which would be the most important (Taylor, 1911). Taylor observed the “soldiering” phenomenon among workers, whereby they sought excuses and devised ways to work much slower or to skive off work altogether and avoid doing it. When dealing with young children and facing difficulties in handling them, workers need to have a lot of patience. In some...
6 Pages(1500 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 Public Sector Management for FREE!

Contact Us