Answer to Question #203878 in Management for PAS

Question

Subject : Business Ethics and Corporate Governance

Write short notes on the following:

(A) Issues in managing Public Sector Firms ( Please give introduction + at least 8 issues with elaboration )

(b) importance of Governance in the changed corporate environment ( Please give at least 8 points for importance with elaboration )

Answer 1

a)

• Lack of Efficiency.
• Delayed Decisions.
• Lack of Innovations.
• Excessive Government Control.
• Political Interference.
• Under Utilization of Capacity.
• Problems of Price Policy
• Lack of Motivation
• Over Staffing

b) Practical and solid corporate governance helps develop a company's way of integrity, leading to positive results and a sustainable business in general.