Public Administration - Business and Government - Essay Example

Summary

This paper 'Public Administration - Business and Government" focuses on the fact that the interaction between business and government derives its importance from its status of being a mutually beneficial relationship. Businesses interact with government to not only seek guidance. …

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Public Administration - Business and Government

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Subject: Business
Type: Essay
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 2
Author: qabshire

Extract of sample "Public Administration - Business and Government"

Since all foreign affairs are handled by the government that have both direct and indirect effects on exports and imports, business entrepreneurs need to be in constant contact with the government to gain competitive advantage in the market by making careful investment only in products and services that have a large scope in the society in which the business flourishes. On the other hand, governments interact with businesses because they have personal stakes as well as concerns for the public.

Many government officials are shareholders of big enterprises and corporations. Besides, governments need to ensure that businesses are legally permissible and function to serve the needs of society. A clear understanding of the relationship between the public and private sector is necessary to identify their individualistic and collective interests and the way, both interact to serve personal needs as well as the needs of the larger society that they make part of. In addition to that, this understanding helps in the planning and development of strategies to help both the sectors overcome their shortcomings and maximize their efficiency.

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