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Old Tuesday, February 26, 2019
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Sajjad Yousaf Sajjad Yousaf is offline
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Public management: privately managed business firms/organs; less hierarchical management structure (horizontal); performance based promotions; bottom up approach of communication; profit maximization; privately formed HRM policies and practices.

Public management: Public organizations; rigid hierarchical structure (bureaucracy/vertical); seniority cum fitness based promotions; top down approach; meant for public welfare; follows ESTACODE and Civil Servants Act

Public governance: a combination of both formal and informal stratas of public and private realms for initiating, formulating and implementing a workable plan(s) for non-profit gains regarding public policies.

Corporate governance: governance model of private organisations separated by the BoD's & shareholders (Board of governors) and management (CEO and his team) where the BoD's and shareholders are seeking to maximize profit by management. Clear separation of powers between both of them. CEO is a mere steward of BoD's.
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