Public Enterprises for Sustainable Development
Explore the characteristics, types, and importance of public enterprises in economic development. Learn about government-owned corporations, their role in providing public services, and stimulating economic growth through various sectors.
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Libyan International Medical University Faculty Of Business Administration THE FUNDAMENTALS OF PUBLIC ENTERPRISES Public Management Presented By : Ayub El Mesmary Student I D : 2298 PBL : Week 5 Group 6 E-Mail : ayoub_2298.limu.edu.ly
CONTENT P u b l i c e n t e r p r i s e s C h a r a c t e r i s t i c s O f P u b l i c E n t e r p r i s e s I m p o r t a n t o f P u b l i c e n t e r p r i s e s T y p e s O f P u b l i c E n t e r p r i s e s F u n d a m e n t a l s o f p u b l i c e n t e r p r i s e s C o n c l u s i o n R e f e r e n c e 2
A Business Corporation established and operated by the government is a public enterprise. Governments of all countries of the world participate in industrial and commercial activities. The primary objective of government undertaking in such activities is to provide public welfare or services to its citizens . PUBLIC ENTERPRISES 3
Government ownership. Government management and control. Service motive. Public accountability. Monopoly enterprises. Financial autonomy. Separate legal entity. Perpetual succession. Government business. CHARACTERISTICS OF PUBLIC ENTERPRISES 4
Economic development. Providing public utilities and facilities. Establishing basic industries. Providing employment. Attracting private sector investment. Increasing government revenue. Utilizing nation resources. IMPORTANCE OF PUBLIC ENTERPRISES 5
Public enterprises are the form of business organization which are owned by government either fully or partially. There are different types of public enterprises such as public corporation, departmental undertaking and government company. TYPES OF PUBLIC ENTERPRISES 6
A widerangeofservices,including in somec ountries,utilitiessuchastelecommunication s, energy,gas supply,watersupply andsanitation,transport,suchastrain,airlin e,shippingandlocal publictransport, financial services,especiallybanksandinsur ance companies,and industrialmarketing. FUNDAMENTALS OF PUBLIC ENTERPRISES 7
Conclusion Further, industries developed around region rich in natural resources, skilled labor, and proximity to a market, leading to a regional imbalance. Eventually, this led to theevolutionof public enterprises where the governmentstarted participating directly in businesses. Hence, a Public Enterprises or a Public Sector Enterprise is a business unit which the government owns, controls, and manages. 8
R e fe r e n c e Sources: National Institute of Statistics and Economic Studies (INSEE), Les Enterprises Publiques de 1959 1969 (Paris, 1972); INSEE, Les Grandes Enterprises Nationales de 1959 1976 (Paris, 1978); INSEE, Rapport sur Us Comptes de la Nation (Paris) (various issues). Public enterprises in France are also discussed in Keyser and Windle (1978) and CEEP (1978, 1981). 9
THANK YOU FOR YOUR ATTENTION Presented By Ayub El Mesmary 10
