In this order of ideas, both private and public companies desire to possess and use the latest technologies on the market as to increase the performances of their operations. Take for instance the case of a new and better accounting software. This will not only be sold to private companies, but also to the entities in the public sector. As such, the strategic approach of the technologies used by

Financial Management of Not-For-Profit Organizations: Generally, financial management of not-for-profit organizations is similar to the process of financial management in the profit making sector in several aspects. Nonetheless, there are several major differences that contribute to a different focus of a not-for-profit financial manager. In the commercial sector, the for-profit enterprises mainly focus on capitalizing shareholder value and overall profitability. On the contrary, not-for-profit organizations have the basic aim of providing

It relies on the vision of the state you choose to subscribe and it depends upon the costs and benefits of a few highly imperfect social institutions: market trends and the public sector. (Bovaird, Loffler, 2003, p. 25) The public sector is a ubiquitous social institution having grown in size and complexity within the last fifty years. Nevertheless, this is a linear development. Whereas the development belonging to the

Retrieved at http://unpan1.un.org/intradoc/groups/public/documents/EROPA/UNPAN014284.pdf. Accessed on 30 May, 2005 Pearson Des. 2000. "Contemporary Issues in Public Sector Accountability: New Challenges for Accountability." 22 January. Retrieved at http://www.audit.wa.gov.au/pubs/ipaa23022000.html. Accessed on 30 May, 2005 Setting the Course: Integrating Conformance with Performance." 2000. September, 7. Retrieved at http://www.ag.gov.au/agd/WWW/attorneygeneralHome.nsf/Page/Speeches_2000_Speeches_Setting_the_Course:_Integrating_Conformance_with_PerformanceAccessed on 30 May, 2005 Sozzani, Joseph "Privatization in the United States and Australia: A Comparative Analysis of the Modern Movement in Corrections." Retrieved at http://www.bond.edu.au/law/blr/vol13-1/Sozzani.pdf. Accessed on 30

Welcome any and all suggestions [...] 4. Decide together on the best solution. Seek consensus in doing this" (Bruce and Pepitone, 1998) The solution presented above has the direct benefit of involving the employees in the decision making process. This will make them feel that they are valuable assets for the organization and will increase their morale. However, to ensure that the staff members increase their performances as well, the leaders

The assessment becomes biased, especially when a PSC is compared to the PPP bid of a willing company. Moreover, if un-affordability and budgetary limits exclude traditional procurement, the project will not progress. This is the case when the submitted bids do not reflect value for money and there is no delivery. This situation and the strong desire to deliver may indicate an inclination to bias the PSC to make