Discuss the differences between ‘Public’, ‘Private’ and ‘Third Sector’ organisations. How could these ‘differences’ affect the management task?

Intermediate Microeconomics

In weeks 1-4 we explore how the similarities and differences of public and private sectors impact on the role and task of management and finance. Using varied contemporary theories of public management and finance within lectures, discussions, and seminars we will apply these ideas and practices and relate them to both policy and practice within contemporary macro and microenvironments.
Choose ONE of the following four questions:
1. Discuss the differences between ‘Public’, ‘Private’ and ‘Third Sector’ organisations. How
could these ‘differences’ affect the management task?
2. Do you consider that Public and Private sectors have converged since 1979? Justify your position with practical examples.
3. To what extent has creation of markets and competition within the Public Sector provided ‘Value for Money’. Illustrate your answer with practical examples.
4. Identify and discuss the role of performance management within a public sector organisation of your choice in response to the recent COVID-19 pandemic.