Public Sector Vs Private Sector

Topic: Public Sector Vs Private Sector

1. Topic: PUBLIC SECTOR VS PRIVATE SECTOR

2. 1) INTRODUCTION

3. What is Private Sector? What is Public Sector?

4. Role of Private & Public Sector Private Sector over Public Sector Managerial Values

5. C omparison between Public and Private sectors Ownership Aim Control over Organization Job stability & Promotion Competition Basis of Promotion

6. 2) AIMS & OBJECTIVES OF PUBLIC AND PRIVATE SECTORS

7. Public sectors are owned and controlled by the government. They aim to provide services to the public and are funded by taxes

8. Aims and Objectives of Public Sector P rovide services to the community Strives to create employment Create jobs and income for local population Fullfillment of our national goals Helps government to enforce social control

9. Private sectors give priority to profits and may end the service if it does not find it profitable to run the service.

10. Aims and Objectives Of Private sector Aims to become efficient and effective Profit maximization as main objective Aims to become a leading organization Aims to earn satisfactory return on investment Aims to survive

11. 3 ) Leadership and management in public and private sectors

12. D ifference Between Public & P rivate S ector V alues Public management entails dealing with and/ or controlling the needs and interests of ‘the whole’, which is in many cases  the nation Private management involves managing the narrower needs of  an   individual or group

13. D ifference Between Public and Private L eadership Franklin Delano Roosevelt, the 32nd President of the United States, served the longest term in office of over 12 years Meanwhile, Leslie Wexner, is the longest serving Fortune 500 CEO, having managed L Brands for over 52 years

14. Public Sector and Private Sector Leaders (Different Challenges & Competencies) Public sector leaders are being asked to function with fewer resources and continually find new ways to tackle challenges Public sector leaders also face different challenges than in the private sector, and perhaps call on different competencies Without many of the incentives available in the private sector, it can be a challenge for public sector senior leaders to motivate their employees

15. CONTINUED… The Hudson study also found public sector leaders are more focused on long-term strategy and the creative process involved in building a vision. Leadership in any organization is important, but developing good leaders in the public sector is especially crucial. Leadership in the private sector is easier in that there is a clear unifying financial goal. This is often not so clear in the public sector where, as a result, there is a greater need for consensus building if decisions are to hold.”

16. Performance Management Challenges in the Public Sector The difference between public/private sector management and private sector management is supported by two argument which represent real differences in how public programs and private businesses strive to meet their objectives First, public organizations do not always operate with objectives which can be clearly measured like in the private sector, which operates in a model of economic efficiency. The second argument is that accountability differs largely between public and private organizations.

17. 4) Organizational Structure IN Public and Private Sectors

18. Organizational Structure An  organizational structure  is a system that outlines how certain activities are directed in order to achieve the goals of an  organization . These activities can include rules, roles, and responsibilities. The  organizational structure  also determines how information flows between levels within the  company . Organizational structure  is shown in  organizational chart

19. Management Structure A  management structure  is how a company organizes its  management  hierarchy. In egalitarian countries, such as Sweden, companies tend to have a flatter, less hierarchical organizational  structure .

20. 5 Key Elements Of Organizational Structure Elements of organizational Structure Job Design Departmentalization Establishing Reporting Relationships Distribute Authority Coordinating Activities

21. Organizational Structure in Public & Private Sectors Structure in Public Sector Structure in Private Sector

22. Rewards & Benefits in Public & Private Sectors More amenities in government jobs Telecommuting options in private jobs

23. 5) Organizational Culture In Public and Private Sectors

24. O rganizational Culture Organizational culture is the collection of values, expectations, and practices that guide and inform the actions of all team members. Think of it as the collection of traits that make your company what it is. A culture is created through consistent and authentic behaviors

25. Organizational Culture in Public and Private Sectors pP Public Sector Private Sector The organizational culture in public sectors is mostly of bureaucratic type. Strict hierarchy and formality exist in them sectorsis The culture in private sector is totally opposite of public sector. Their culture has high openness, high experimentation, high collaboration and high autonomy. These organizations can act on their own and can make decisions quicker than the public sectors.

26. C ultural differences between Public sector and Private Sector Organizations Career opportunities, benefits, turnover and the pay scale are just a few examples of the cultural differences between the two Career development
Benefits Pay scales
Turn over

27. 6) CONCLUSION

28. Collaboration Between Public & Private Sectors Environmentally and economically sustainable long-term future Negative interaction potential between public and private sectors Wars for corporate interest

29. Public VS Private Sectors Goals and objectives of public VS private sectors Leadership & Management in public VS private sectors Structural hierarchy in public VS private sectors Organizational Culture in public VS private sectors Outcome

30. THANK YOU EVERYONE !