Private business is work for economic profit derived from customers while public sector administration is the developing and structuring organizations by the government.
A privately held company or close corporation is a business owned either by non-governmental organizations or by a relatively small number of shareholders or company members. The company does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately.
Public administration encompasses the individuals and processes that carry out laws, rules, and regulations that are issued by legislatures or other elected officials.
Public administration also focuses on primarily orientated public service organizations, namely non-governmental firms and other such projects which are usually not centred on profits and are meant for philanthropic organizations. Business direction is focused towards equipping students with the tools that are meant to contribute towards making profits for their employers and setting up profit orientated businesses.
The most apparent difference between the two sectors is their organizing principles or goal. Private administration has a definite mission, the pursuit of profit or stability or growth of revenues. Public administrations, on the other hand, can have ambiguous purposes. The dilemma in the ambiguity of purposes can be exacerbated by too many unnecessary and inoperable agencies, with purposes that overlap and bloated bureaucracies.
One might take into account that the goal of public administration is to enact public policies, but the overlapping and the vagueness of their enactment make public administration's purpose even more unclear.
Nevertheless, the fact that public institutions are not profit driven, should not lead us to believe that public sector employees and managers are not concerned about financial matters. As is the case with private companies, public sector units and enterprises can struggle for funding and influence.
A privately held company or close corporation is a business owned either by non-governmental organizations or by a relatively small number of shareholders or company members. The company does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately.
Public administration encompasses the individuals and processes that carry out laws, rules, and regulations that are issued by legislatures or other elected officials.
Public administration also focuses on primarily orientated public service organizations, namely non-governmental firms and other such projects which are usually not centred on profits and are meant for philanthropic organizations. Business direction is focused towards equipping students with the tools that are meant to contribute towards making profits for their employers and setting up profit orientated businesses.
The most apparent difference between the two sectors is their organizing principles or goal. Private administration has a definite mission, the pursuit of profit or stability or growth of revenues. Public administrations, on the other hand, can have ambiguous purposes. The dilemma in the ambiguity of purposes can be exacerbated by too many unnecessary and inoperable agencies, with purposes that overlap and bloated bureaucracies.
One might take into account that the goal of public administration is to enact public policies, but the overlapping and the vagueness of their enactment make public administration's purpose even more unclear.
Nevertheless, the fact that public institutions are not profit driven, should not lead us to believe that public sector employees and managers are not concerned about financial matters. As is the case with private companies, public sector units and enterprises can struggle for funding and influence.
