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sg2 - 1 Based on time perspective the public sector has...

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1. Based on time perspective, the public sector has short time horizons and a definite cut off time while the business sector has no time limit. For duration of effort, the public sector is given 4-8 years and they get up and running right away while the business sector many more years. It is difficult to measure performance of the public sector but clearly indicated in the business sector by means such as financial return, market share and brand. The public sector focuses on guidelines while the business sector uses authority. The public sector strives for equity while the business sector strives for efficiency. Public review is an open public process with the public sector and more private with the business sector. The public sector has high press scrutiny and the opposite is true for the business sector. The public sector woks with pressure groups and the business sector works with staff and advisors. The public sector stresses legislative oversight while it is less common for the business sector. There is no bottom line in the public sector and the business sector is always looking for profit. The public sector functions as a conglomerate and the business sector is known to streamline product lines. The implications are that the public sector looks to engage citizens in getting involved while the business sector has a very systematic way of handling things. 2. The term classic means having lasting significance or having served as the established model or standard. Classical management theory was one of the first schools of management thought.
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