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Optimizing Productivity Through Privatization and Entrepreneurial Management
Author(s) -
Johnston R.
Publication year - 1996
Publication title -
policy studies journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.773
H-Index - 69
eISSN - 1541-0072
pISSN - 0190-292X
DOI - 10.1111/j.1541-0072.1996.tb01639.x
Subject(s) - productivity , competition (biology) , business process reengineering , business , industrial organization , entrepreneurship , marketing , economics , economic growth , lean manufacturing , finance , ecology , biology
Efficiency and economy have become the forces driving both, public and private organizations in the 1990s. Competition and legal mandates constrict managers' abilities to use their traditional options in delivering goods and services to their citizens and customers. Privatization and entrepreneurial management are being utilized increasingly to improve productivity. This is creating a genuine transformation in the way we manage our organizations, it also changes the nature of the relationship between our organizations and their citizens, clients, and customers. In this article we explore this unfolding transformation and analyze its significance. An entrepreneurial management productivity optimization model is also developed. Productivity is explored in terms of efficiency and effectiveness. The mechanisms for improving productivity, privatization, and entrepreneurial management are then examined. After noting the changing rotes that public policy and competition now play, the more prominent managerial models are explored, including reinventing and reengineering. The article then presents examples of federal, state, and local entrepreneurial strategies and innovations. It concludes by alerting us to endangered public policy priorities and sets forth significant public management caveats to which we increasingly should become sensitive. The entrepreneurial management productivity optimization model has been developed to assist in clarifying and analyzing the issues involved in this article. It should also help those working in this arena to formulate optimal choices when building entrepreneurial management models for their own organizations or for those of their citizens, clients, or customers.