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 |
