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Outright sale of public assets to a private company. In the United States, the contracting of management and operations to a private provider (outsourcing) has been more common than the sale of utility assets to private companies. No major U.S. city has sold its utility assets in recent decades, although some smaller water utilities have done ...
The Association of Private Enterprise Education is a nonprofit organization founded by a philanthropic donation from Herman Lay, co-founder of Frito-Lay, a subsidiary of PepsiCo. [1] It was created for the purpose of "studying and supporting the system of private enterprise" and aims "to put into action accurate and objective understandings of ...
Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationalization.
A privately owned enterprise is a commercial enterprise owned by private investors, shareholders or owners (usually collectively, but they can be owned by a single individual), and is in contrast to state institutions, such as publicly owned enterprises and government agencies. Private enterprises comprise the private sector of an economy
The three most common forms of PPPs, in the order of increasing responsibilities for the private partner, are: a management contract, under which the private operator is only responsible for running the system, in exchange for a fee that is to some extent performance-related. Investment is financed and carried out by the public sector.
A hybrid organization is an organization that mixes elements, value systems and action logics (e.g. social impact and profit generation) of various sectors of society, i.e. the public sector, the private sector and the voluntary sector. A more general notion of hybridity can be found in Hybrid institutions and governance.
Logo: Responsible Business India. India's National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) [1] were released by the Ministry of Corporate Affairs (MCA) [2] in July 2011 by Mr. Murli Deora, the former Honourable Minister for Corporate Affairs.
States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinational corporations that can pick and choose their suppliers and locations based on their perception of the regulatory environment, local state regulations have resulted in uneven practices within one company.