1.4 Management in different sectors

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Question English Answer English
private sector
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The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government.
public sector
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Public sectors include public goods and governmental services such as the military, law enforcement, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc.),
public transit, public education, along with health care and those working for the government itself
non profit
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is an organization traditionally dedicated to furthering a particular social cause or advocating a shared point of view. In economic terms
nonprofits do not pay income tax on the money that they receive for their organization. They can operate in religious, scientific, research, or educational settings.
social objectives
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they include the productiion and supply of quality goods and services, adoption of fair trade practices and contribution to the general welfare of society
sustainable business
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this refers to the need for an organization to make enough profit or surplus for it to survive
istitutional investors
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entities such as pension funds, insurance companies and investment banks, witch large amounts to invest
financial surplus
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generation of resources such as capital that exceeds expenditure
triple botton line
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the most important factors for measuring an organization's success in social and environmental as well as economic terms
in economics, believes that companies should commit to focusing as much on social and environmental concerns as they do on profits
accountable
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responsible for your decisions or actions and expected to explain them when you are asked

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