These qualifications are too focused on commercial, private sector principles such as making a profit.
RBS, according to the official script, is meant to be managed on private sector principles so it can return to private ownership one day.
When growth does slow or reverse (even temporarily), standard logic, based on private accounting principles, will require spending to be reduced or taxes to be raised to balance the budget.
This article reviews how the process of corporatization transforms public sector management by adopting private sector principles.
The Olmsted firm translated this agenda into an urban design that included a unique combination of social reform, comprehensive infrastructure planning, and private homeownership principles.
I strongly believe that a key factor for success for an accountable nonprofit organization is management, which runs with private sector principles; this concept to me is paramount.
In this regard, authors such as Biermann et al. [ 15] have attempted to refine the locus of investigation by focusing on "governance architectures", defined as "the overarching system of public and private institutions, principles, norms, regulations, decision-making procedures and organizations that are valid or active in a given issue area of world politics".
"I have one principle: private affairs are dealt with in private and with respect for privacy of others.
But he's honest enough to concede (with an anguished moan) that his private-enterprise principles aren't hypocrisy-free, given that his own bacon has been saved "many times" by the state-owned Bank of North Dakota, which became prominent when North Dakota was a bastion of radical agrarian populism in the 1930s.
But when urban thinkers talk about running a city like a business, they mostly mention adopting private-sector principles for operational efficiency, cost effectiveness and better customer service.
