Managing in public and private sector - Essay Example It is imperative to relate the inherent differences and similarities between private and public sectors based on their primary objectives as aforementioned. The paper explores similarities and differences in strategic management between the private and public sector. There are significant strategic administrative similarities between the public sector and private sector. It is imperative that both the sectors greatly relies on common business administration techniques including planning, budgeting, organization, delegation, and control in conducting daily activities. The aforementioned administration techniques are imperious for all business entities and consequently, both private and public sectors have to apply them in strategic management. For instance, budgeting for business involvement in specific functions remains as a vital activity in both public and private management activities. Both the sectors require budgeting techniques to ensure minimal use of resources and exploitation of business finances.
