Blog: HRM627 GDB No. 2 solution

Semester “Spring 2011”

“Human Resource Development (HRM 627)”

This is to inform that Graded Discussion Board (GDB-2) will be opened according to the following schedule

Schedule

Opening Date and Time: 

27^th May , 2011 At 12:01 A.M. (Mid-Night)

Closing Date and Time: 30^th May ,

2011 At 11:59 P.M. (Mid-Night)

Topic/Area for Discussion

“Sectors of Society”

Note: The discussion question will be from the area/topic mentioned above.

So start learning about the topic now.
Guidelines for Preparation:


For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures, 
Online VU Lecture
[/url], and also use other reference books.


Discussion Question
There are different sectors in economy i.e. public, private and voluntary sectors. And in public sector, there are numerous types of organizations. Following are some commercial criteria for the public sector organizations. You are required to identify the subtype of the organization along with who takes the decisions in each subtype. Fill the empty boxes by specific answers relevant to those particular criteria.


S No. Commercial Criteria Sector Subtype Decision Taken By


1. Commercial criteria depends upon the type of business and nature of task
2. Expected to operate according to commercial criteria
3. No specific requirement to meet commercial success criteria


SOLUTION:


3. Direct administration funded through taxation; the delivering organization generally has no specific requirement to meet commercial success criteria, and production decisions are determined by government.


2. Publicly owned corporations (in some contexts, especially manufacturing, "State-owned enterprises”); which differ from direct administration in that they have greater commercial freedoms and are expected to operate according to commercial criteria, and production decisions are not generally taken by government (although goals may be set for them by government). 


1. Complete outsourcing or contracting out, with a privately owned corporation delivering the entire service on behalf of government. This may be considered a mixture of private sector operations with public ownership of assets, although in some forms the private sector's control and/or risk is so great that the service may no longer be considered part of the public sector.


::::::::::::::::::::::::::


1. 
Commercial Criteria: Commercial criteria depends upon the type of business and nature of task 
Sector Subtype: Partial Outsourcing 
Decision Taken By: Government/Management


2.
Commercial Criteria: Expected to operate according to commercial criteria
Sector Subtype: Publicly owned Corporations
Decision Taken By: Management/Themselves

3. 
Commercial Criteria: No specific requirement to meet commercial success criteria
Sector Subtype: Direct Administration
Decision Taken By: Government