Description
BBA1 Public Sector Enterprises Detailed
PUBLIC ENTERPRISES
Business Undertakings
• Size
– Small Enterprise – Medium Enterprise – Large Enterprise
• Nature of Activities
– Industrial – Trading – Services
• Ownership
– Private sector – Public sector – Joint sector
Private Sector Enterprises
• • • • • Private ownership Private management Private financing Profit objective Private accountability
Public Sector Enterprises
• • • • • State ownership State control State financing Socio-economic objectives Public accountability
Public Enterprises - Types
• Departmental Undertaking
– Created by executive order of government, attached to particular industry
• Public Corporation
– Created by Special Act of the Central/State Legislature
• Government Company
– Created by provisions of Companies Act, 1956
Public Enterprises - Comparison
• • • • • • • • Formation? Separate legal entity? Management? Capital? Borrowing powers? Staffing? Flexibility? Degree of Autonomy?
doc_530041665.pptx
BBA1 Public Sector Enterprises Detailed
PUBLIC ENTERPRISES
Business Undertakings
• Size
– Small Enterprise – Medium Enterprise – Large Enterprise
• Nature of Activities
– Industrial – Trading – Services
• Ownership
– Private sector – Public sector – Joint sector
Private Sector Enterprises
• • • • • Private ownership Private management Private financing Profit objective Private accountability
Public Sector Enterprises
• • • • • State ownership State control State financing Socio-economic objectives Public accountability
Public Enterprises - Types
• Departmental Undertaking
– Created by executive order of government, attached to particular industry
• Public Corporation
– Created by Special Act of the Central/State Legislature
• Government Company
– Created by provisions of Companies Act, 1956
Public Enterprises - Comparison
• • • • • • • • Formation? Separate legal entity? Management? Capital? Borrowing powers? Staffing? Flexibility? Degree of Autonomy?
doc_530041665.pptx