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Question
Citing reasons, evaluate the performance of private sector over public sector enterprises in the following case:
Managerial efficiency.
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Solution
It refers to managers capacity to allocate resources effectively and carry out plans to achieve organisational goals effectively and efficiently.
- Managers in the private sector have more autonomy than those in the public sector, thus they respond faster.
- Private sector managers prioritise maximising return on investment while minimising costs. Budget constraints and bureaucratic procedures may present challenges for public sector management.
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