ADM 1301 Chapter Notes - Chapter 3: Risk Management, Government Debt
23 Jan 2019
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Document Summary
Both government and business strives to maximize the wealth of their stakeholders. Strive to implement best practices in what they do. Seek the best and brightest to populate their ranks. Operating in an increasingly transparent environment; due to technology their actions are exposed. The government need to cater to all stakeholders. The government needs to solve problems that are not directly caused by them. Investors can choose which company to invest in taxpayers have to pay money to the government. The business operates in their area of specialty. The output is products and services, taxpayers methods are understood and impact on key stakeholders are known. Board of directors are elected by shareholders but the change in directors rarely cause a complete change in corporate direction. The output is public policy dealing with complex issues that affect every. The election can result in a new government that can result in major changes to the program.
