Public Management Reform

Write a description of how private, for-profit organizations differ from public and nonprofit organizations. Then, describe at least one challenge associated with implementing private, for-profit management practices in the reform of public and nonprofit organizations, and provide a specific example. Finally, explain the private management practice you feel is the most applicable to public and nonprofit organizations and why.

SAMPLE SOLUTION

Organizations can exist as either public, which means owned by the government/ the public or as private; owned and run by individuals. Many differences exist between private/ for-profit organizations and public/ not for profit organizations as will be described in | PLACE YOUR ORDER NOW AT writtask.com | profit organizations heavily rely on the support of the public and the government. Such companies are also less regulated as compared to private and not for profit | PLACE YOUR ORDER NOW AT writtask.com | organization to be regarded as a bona fide public and not for profit, at least 33% of the income has to come either come from existing donors, from the government as well as charities (Khan & Khandaker, 2016). The funds collected have to be used indirectly supporting the initiatives of the organization. Consequently, since public organizations often rely on contributions from the said…