Business objectives in the private sector and public sector
How do business objectives differ in the private and public sectors?
Business objectives in the private sector primarily focus on profitability, growth, market share, and shareholder value. In the public sector, objectives are often broader and include providing public services, achieving social or environmental goals, managing public resources effectively, and ensuring accountability and transparency.
What are the social and environmental objectives of businesses in the public sector?
Social and environmental objectives of businesses in the public sector often include providing public services, promoting social welfare, ensuring equitable access to resources, addressing environmental sustainability, and supporting community development. These objectives align with the public interest and aim to improve societal well-being.