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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2344 |
Essay's paper body
The problem with state/Public actors is that they have no reason or incentive to become efficient. Often they have a monopoly on the market and in some cases reduced spending (which may result from increased efficiency) will result in a budget cut in the preceding budget. The same ideas can be applied to things like accountability and management, which in a public entity can become very bureaucratic and information flow may be hindered...
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The same ideas can be applied to things like accountability and management, which in a public entity can become very bureaucratic and information flow may be hindered. A public entity aims to provide a service and return to shareholders. They must move forward in innovation and efficiency if they are to achieve these goals...
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