Differences between government and business

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The table below highlights the differences between government and business:

Government

Business

Mandate of political legitimacy

Pursues interests of shareholders

Its work must be fair and defensible

Pursues specific private interests and sometimes ignores public interest;

Its worked is defined by law and implemented by force

Focus on market positioning and product differentiation

Its work involves compromise as well as incremental decisions

Business have greater freedom to make unilateral strategic decisions

Profit is never a test of success in government

Profit is a sign of success in the world of business

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Editor-in-Chief

Geoffrey Kerosi, economic and public policy analyst based in Nairobi City. Email: geoffrey@kerosi.com. WhatsApp: +254713 639 776 YouTube: Kerosi TV

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