...throughout the former Soviet Union. To take part in all but the most basic private sector activities was illegal. All productive assets, including land, industrial enterprises, homes and farms were in theory owned by “the people” (Leonard, Watson, 2013). This statement essentially sums up how privatized firms would be met if de-privatization becomes law. Their investment firms would become illegal and they would have to explore other ways to work within the law or dissolve. If we explore free markets they would be Pareto efficient and would favor the young. However, it would hurt the politically charged groups from the old regime like government officials. (Brickley, Smith, Zimmerman, 2009). Mass privatization was an excellent solution to the problem that state ownership was omnipresent and domestic wealth holders were insufficient to buy the assets. The mass privatization strategy also facilitated an extremely speedy ownership change in most transition economies, as few countries had contained a private sector of any significance in 1990 (Leonard, Watson, 2013). This information makes de-privatization favorable in my opinion. While privatization seems excellent, it stifles future growth and limits opportunities for all. The process to transition should be gradual and well thought out. Privatized companies run a large risk of losing their business if a violation is made. Politicians and Soviet era managers have more to gain. Political motivation and corrupt managers...
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...Hello It’s a pleasure to write this essay.. Governments have to be more responsive to society’s needs and demands. Public-sector organisations are being reformed in order to provide better, faster and more services. The citizen/ customer has a prominent place in these reforms. For many years the topic of customer satisfaction has been on the European agenda and in recent years this has rapidly grown in importance. According to the DGs’ resolution of May 2006, the main focus of the common European work and efforts regarding customer satisfaction should be on the collection of best practices and the preparation of guidelines for questionnaires to measure customer satisfaction. During the Austrian (first half 2006), Finnish (second half 2006) and German (first half 2007) Presidencies of the EU, initiatives were taken to address these aspects. At the IPSG and Customer Satisfaction Expert Group meetings, ways were discussed to gather and present good practices and create guidelines. Based on these good practices, the Customer Satisfaction Expert Group meeting and the IPSG meeting concluded that many interesting and valuable things could be done with these good practices and that the field of customer satisfaction was too large and too important to narrow attention only to customer satisfaction surveys and measurement, and to limit guidelines in this sense. “Measuring” satisfaction is one thing; “managing” satisfaction is another and should be the aim. Based upon...
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...chief course in the menu of their captors. Examples of prisons can even be found in the Old Testament when Joseph was incarcerated in Egypt. It was not until the 19th century that a clear shift occurred from corporal punishment to imprisonment. As societies prospered and the industrial revolution began, the formal prison system, as we know it today, developed. Throughout most of the world, the correctional system is administered by the state, and it is considered a key function that the government must fulfill: protect its citizens by guaranteeing the state of law while enforcing the judicial system. More than two decades ago, the United Sates and Great Britain began experimenting with privatization of their prison systems, outsourcing the management to private enterprises. Like most privatization issues, this topic has many supporters from the liberal economic philosophy, as well as many detractors that argue against profit seeking enterprises. The discussion promotes themes such as the ethical dilemma of the private sector “administering punishment”, selecting the correct metrics used to evaluate the performance of private sector versus public sector, disputes of what are “just and fair” services that the inmates are entitled to, among others. In the following essay we aim to bring these topics into light and try to analyze the pros and cons of privatizing the prison system. Private prisons are one of the fastest growing industries in the security and protection industry....
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...at all of the above while most support private prisons. The term prison privatization commonly refers to the policy of contracting out the management and operation of prisons and jails to private, for-profit companies. Prison privatization is a controversial issue, with ongoing debate over the ethics of delegating the punishment function of the criminal justice system to private actors, weather private prisons cost less to operate than public facilities, and if the quality of security and conditions of confinement differ between public and private prisons. In 2005, approximately 200 private correctional facilities operated in the United States, housing a total of 107,000 inmates. Four companies provide more than 90 percent of private prison capacity. About 6 percent of all state inmates and 14 percent of federal inmates are incarcerated in privatized facilities. The idea of privatizing prisons emerged in the 1980s as a policy remedy to the problem of growing incarceration rates, severe prison overcrowding, and constraints on increasing government funding of new prison space. Public investment in new prisons climbed eightfold from the late 1970s to the early 1990s, but was at or approaching its limits in many jurisdictions due to voter rejection of construction bonds, statutory ceilings on state debt, or general taxpayer unwillingness to support increases in government spending. With privatization used as a way of reducing costs and increasing capacity in other areas of government...
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...FUEL SUBSIDY AND THE LOSS OF JOBS AND INVESTMENTS IN NIGERIA This issue of deregulation of fuel prices and the downstream Oil and Gas industry is understandably one on which much debate is going on. Let me start by stating very early that I have nothing against subsidies per se. I am for subsidizing education, healthcare, rural agriculture, rural power etc. I however have everything against a subsidy that is neither creating skills nor building industry. I am against a subsidy that stifles investments and job creation in Nigeria but rather exports jobs and puts stupendous wealth in the hands of a few traders. Let me state upfront that I have spent a better part of my more than two decades of working in a management consulting career advising clients in the oil and gas industry. I have more than an average understanding of the issues facing the industry and I am convinced that unless we get private capital and expertise and a decent regulator into the downstream industry we cannot solve the problem of local value addition, investments and sustainable employment. The problem off course is that no serious investor will put money into an industry where price is set below cost of production and supply. Most Nigerians really do not know how bad the situation is in the government monopoly controlled downstream sector. An industry that should be employing a significant number of our engineering graduates and technicians yearly employs almost none. Until a few years ago the average...
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...Privatization on Service Sector Preface We know that the countries which are developed today are getting very strong in service sector day by day. Without having a very significant service sector it is impossible to retain the development of the economy of a country. Service sector is the accelerator of an economy. And Bangladesh is one of the least developed countries of the world with a huge number of different problems but most importantly with an emerging service sector. Really this is a great tonic for this underdeveloped country on the way of development. So to utilize this potential setting up of a lot of service organization is needed. But the service organization should not be public rather private. Because we all know about the poor service quality and negative profit of the public service organizations of Bangladesh. So the privatization of service sector is one of our desired initiatives. It is one of the leading aspects with a very bright potential to boost-up the economy of this third-world poor country. Prepared by: Md. Abdul Hai – 07882860 Essence of Privatization Despite a significant degree of public ownership in health, education, communication, utilities and energy sectors in the pre-independence period, Bangladesh inherited basically a private sector dominated economy at the time of independence in 1971. A set of three inter-related reasons are put forward as rationale for privatization in Bangladesh. These are: • Improvement of the governments’ fiscal...
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...BUS 405 WK 10 Quiz 9 Chapter 13 - All Possible Questions To Purchase Click Link Below: http://strtutorials.com/BUS-405-WK-10-Quiz-9-Chapter-13-All-Possible-Questions-BUS4059.htm BUS 405 WK 10 Quiz 9 Chapter 13 - All Possible Questions TRUE/FALSE 1. A majority of teachers, firefighters, and police are represented by public-sector unions. 2. Favorable public-sector labor laws appear to be a significant factor encouraging growth in public-sector labor relations. 3. A major advantage of the Civil Service Reform Act (CSRA) was that it established the framework for labor relations in the federal government by legislation, instead of by Executive Order. 4. If a governmental unit privatizes a government service to a private business, the private employer is likely to be covered under the Labor Management Relations Act. 5. If a subject of collective bargaining is permissible, both parties are required to negotiate in good faith, even though an agreement may not be reached. 6. The Civil Service Reform Act (CSRA) makes it an unfair labor practice for a party to refuse or fail to cooperate in impasse procedures. 7. Like in the private sector, the market economic system controls the price, quality, and availability of most services in the public sector. 8. Supervisors and managers have been granted the right to engage in collective bargaining in some states. 9. Union negotiators have more difficulty determining "who speaks for management" in public-sector...
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...· How to Deal with High Oil Prices? · Multinational Corporations: Are they Devils in Disguise? · Are Indians Less Quality Conscious? · Ethics in Business are just a Passing Fad · Is the Consumer really the King in India? · Commercialization of Health Care: Good or Bad? · Is there any Point in having a Business Strategy when the World changes from Month to Month? · Is the Patents Bill Good for India? · Is the Business of Business only Business? · Public Sector being a Guarantor of Job Security is a Myth · Capitalism is a very Flawed System but the others are so much worse · How can a Business get rid of the Bad Name that it has earned? · Government Pumping Money into the Economy is not the Solution for our Economic Problems · Is the Budgeting Exercise of any Use? · Should Agricultural Subsidies be stopped? .Entrance Exam – An evil .Pros n cons of winning lottery .Women bill · Is MNCs Superior to Indian Companies? · Advertising is a Waste of Resources · Should India break Diplomatic Ties with Pakistan? · Should businessmen run the finance ministry? · Should important services like transport be left to market forces?. · Who says MNCs are superior to Indian companies? · What we need to reduce scams is better regulatory bodies. · Trade can help the poor? .Women Entrepreneurs in India . Importance of Investment .Essay on SME .Banks play a vital role in day to day life .Women security at the workplace a deep concern .Inclusive growth · Water resources should be nationalised · Are Co-operatives...
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...AN INSTITUTIONALIST STUDY ON THE PERFORMANCE MANAGEMENT SYSTEM IN A GOVERNMENT- LINKED ORGANISATION NORHAYATI BINTI MOHD ALWI UNIVERSITI SAINS MALAYSIA 2009 AN INSTITUTIONALIST STUDY ON THE PERFORMANCE MANAGEMENT SYSTEM IN A GOVERNMENT-LINKED ORGANISATION by NORHAYATI BINTI MOHD ALWI Thesis submitted in fulfilment of the requirements for the degree of Doctor of Philosophy September 2009 ACKNOWLEDGEMENTS I am especially indebted to my supervisor, Dr. Siti Nabiha Abdul Khalid for her constant guidance, limitless support and patience throughout the period of my study. There is no way that I would be able to repay the kindness and caring that she has shown to me. I am thankful to Assoc. Professor Dr. Yuserrie, for giving valuable inputs to my study and also to others in the School of Management, who have helped me in some way or another. I would like to acknowledge the comments made by Professor Lee Parker and other participants of the Global Accounting and Organisational Change Conference, held in Melbourne, Australia in July 2008. A special thank you is also dedicated to Professor John Burns for the insightful comments on the research. I am also indebted to my employer International Islamic University Malaysia and the Ministry of Higher Education for providing the financial support. Thanks so much also to the respondents for their willingness to share some of their thoughts and experiences, which have made my data collection easier than I would ever...
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...DWU(K) mobilized members of parliament to support its call to stop port privatization but it took a lot of effort to get them. First we mapped which constituencies have interest at the port in that they border it and we found four that is Likoni, Changamwe ,Mvita and kisauni. Then we mobilized our members against these MPs because all were government ministers and port privatization had been discussed in the cabinet. We also mobilized the community by organizing public meetings in those constituencies and giving other politicians a forum to speak and the local MPs felt threatened by their rivals talking against port privatization and they were forced to support our call. So that to get international support we were to do a lot of research so that union not to be seen as stubborn and blocking developments. We sort audience we the US labor attaché to whom we explained to her that we were only opposed to where port that was built with public fund to be transferred to private hands but we support government giving a private developer land and built private port so that we can compete. Mearsk Shipping line being one of the interested party to get part of the port sent Denmark ambassador to Kenya to convince DWU(K) to agree to privatization but we explained to him of our stand not to let port go to private hands. Having worked very closely with ITF(Africa) regional office on this issue, every time we were called to explain any issue we always called the Nairobi office and...
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...Names:Idanazura Binti Junus and Mohd Haikal Hazman Bin Mohamad Sukri Students ID: 13081161 and 14071500 Course Code: ENG 1014 Course Name: English for Business Assignment: Argumentative/ Persuasive Essay Weightage: 15% Title of essay: On 8 August 2014, Khazanah National announced plans to privatise Malaysia Airlines (MAS) in an attempt to revive the national carrier as it was struggling financially. Without doubt, the twin aviation disasters, MH370 and MH17, have also further contributed negatively towards MAS financials. The former prime minister of Malaysia, Dr Mahathir Mohamad said that the national flag carrier should be privatised as it is running at a loss. The Malaysia Airlines System Employees Union (Maseu), on the other hand, strongly stated that they will only support the privatisation of MAS if there is to be a new management team. In the past 12 years, MAS has undertaken about half-a-dozen restructuring exercises. Considering its current situation, the idea to privatise is seen as a necessity. In your opinion, can MAS turn itself around if it is now to be privatised? Why or why not? Justify your stand and support your arguments with reasons and examples. You should write between 600 and 650 words. Instructor: Mrs Anuratha Murugagoo On 8 August 2014, Khazanah Nasional Berhad (“Khazanah”) proposed an official petition to the Board of Directors of Malaysian Airline System Berhad (“MAS”) to handle a particular capital cutback and refund apply (“Proposed...
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...economic environment were the Spanish government starts privatized the company and deregulated the Spanish telecommunications in the market. Due to these changes, followed by a sharp reduction in workforce, rapid adaptation of new technologies, and begun to focus in driving up profits and shareholder's value, the Telefonica began to grow and allowed the business to expand globally. 2. Why Telefonica did initially focused on Latin America? Why was it slower to expand in Europe, even though Spain is a member of European Union? * As Telefonica looking for a growth, they searched first the Latin America and it seemed that the nation is the perfect fit for them because the Latin America also experienced the rapid deregulation and privatization across the region. So, telefonica initially focused on Latin America because the similarities in the development of the market, language and culture. Also, Latin America markets were increasing the adoptation rate and usage not just traditional fixed line telecommunications services, but also include the internet connections and mobile phones. * Even though Spain is a member of the European Union, the Telefonica had been an implied agreement between the national telecommunication companies that they would not invade each other's market which result for Telefonica to slower their expansion in Europe 3. Telefonica has used acquisitions rather than greenfield ventures, as its entry strategy. Why do you think this has been the case...
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...1. BSCIC About BSCIC Bangladesh Small and Cottage Industries Corporation (BSCIC) is a prime government organization entrusted for rapid industrialization of small and cottage Industries in the country. Under the direct or indirect initiative of BSCIC a plenty of entrepreneurs has been created and enterprises has been set up in the country. But the influence of globalization and the free economy impacts upon the traditional manufacturing enterprises. This situation for marketing of small and cottage industries products is a major constraints facing by the sector. BSCIC is to provide facilities to the existing and new entrepreneurs to expand and develop their markets and to stay and sustain in the competitive environment. Introduction Bangladesh Small & Cottage Industries Corporation (BSCIC) was established in 1957 by an Act of Parliament. The establishment of BSCIC was in recognition of the need for a specialised agency to promote the development of Small, Medium & Cottage Industries (SMCIs) in the manufacturing sector through the provision of advisory services, fiscal and financial assistance, infrastructural facilities, market access and other support programme. BSCIC strives to create resilient and efficient SMCIs, able to compete in a liberalised market environment. SMCIs have to be efficient and knowledge-driven, including using ICT to be globally ‘connected’ and accessible. The Corporation will promote SMCIs to be an integral part of the country’s industrial development...
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...Privatisation On Life Insurance Corporation Of India Economics Essay With the advent of new players in the field of Life insurance sector, the degree of competition has increased multifold. The private insurance companies are launching new innovative insurance plans for their survival and growth. At the same time, Life Insurance Corporation of India has upgraded their quality of service to retain, maintain and attract new business. An attempt has been made to study the impact of privatization on LIC. The Development Officers were contacted to know their observations about the impact of privatization on their life insurance business and their views as how their life insurance business has been influenced by the opening of the sector. LIC has made a lot of changes in its operation and latest technology is being used to serve the customer. The customer grievances are properly attended and all maturity claims are settled to the entire satisfaction of the policyholders. The privatization of the sector has brought lot of opportunities for all the players. Under such situation, fittest of the fit will survive and the rest will vanish over a period of time. In the year 2000, when the insurance sector was privatized, many companies entered into the insurance sector and as a result competition has increased multifold. Initially, most of the private life insurance companies spent huge amount of money on advertisement. The purpose of the advertisement was to inform the public about their...
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...Spain’s Telefonica 1. What changes in the political and economic environment allowed Telefonica to start expanding globally? The changes that were involved in the political and economic environment, which allowed Telefonica to start expanding globally, were privatization and deregulation. Spain’s Telefonica was established in the 1920s being a state-owned national telecommunications monopoly. Soon, the Spanish government privatized it, as well as deregulated the market for Spanish telecommunications. Due to these changes, Telefonica has a reduction in workforce, rapid adoption of new technology and began to focus on the increasing profits. Telefonica began to grow and expand globally. 2. What did Telefonica initially focus on Latin America? Why was it slower to expanding Europe, even though Spain is a member of the European Union? While changes were being made, Telefonica was looking for growth. Latin America also experienced a rapid change of deregulation and privatization across the region. Telefonica focused on Latin America because of similarities in the development of the market, language and culture. Latin American markets were also increasing the adoption rate and usage, including internet and mobile phones. Telefonica was slower to expand in Europe because there had been an implied agreement between the national telecommunications companies that they would not invade each other’s markets. By 2005, this agreement broke down when France Telecom entered Spain...
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