Project Liaisoning for Government , Public and Private Sector involves establishing and maintaining communication and coordination between different entities to facilitate cooperation and achieve shared goals. It acts as a bridge to ensure smooth information flow, navigate regulations, and foster productive relationships.
The public sector is owned and controlled by the government, with the primary goal of providing services to the public, such as healthcare and education. Conversely, the private sector is owned and controlled by individuals or groups, and its main objective is to generate profit.
To establish effective communication and interaction between businesses and government authorities.
Includes understanding and complying with government regulations, obtaining necessary licenses and approvals, addressing compliance issues, and advocating for favorable policy changes.
A: Public sector entities are owned by the government, either fully or partially. Private sector entities are owned by individuals or entities, with no government interference. Public sector organizations aim to serve the public interest. Private sector organizations aim to make a profit.
A: Privatisation of the public sector undertakings by selling off parts of the equity of PSUs to the private sector is known as disinvestment. The purpose of the sale is mainly to improve financial discipline and facilitate modernisation.
A: One of the main dividing characteristics between public vs private sectors is ownership. Private sector businesses are owned and operated by individuals or groups, such as sole proprietors, partnerships or LLCs. Public sector organizations are owned and managed by the government on behalf of public needs and interests.
