Objectives of Public Sector Businesses
1. Financial Objectives
They try to meet profit targets set by the government.
The profit they make is either:
Reinvested back into the organisation, or
Given to the government, since the government is the owner.
2. Service Objectives
Their main aim is to provide essential services to the public.
They have to meet quality standards set by the government.
Examples:
Hospitals → need to meet healthcare quality goals
Schools → need to achieve education standards
Postal services & trains → must focus on punctuality and reliability
3. Social Objectives
Help create or protect jobs, especially in poor areas where private businesses may not operate.
Focus on improving society, not just making money.
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