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The term 'mixed economy' can be applied to a wide variety of economic patterns, ranging from systems totally dominated by state enterprises to those operating under a totally unregulated system of competitive private firms. The environment in a mixed economy system has created greater interdependencies requiring more co-ordination across public and private organisational boundaries. Consequently, there is a general tendency for public and private organisations to form a strategic partnership to carry out productive activities side by side. Even though there are abundant studies in partnering work between public and private organisations, most of the previous research addressed Public-Private Partnerships (PPPs) from a general perspective only, neglecting to examine pre-conditions existing in public and private sectors that could provide significant implications for their management and cooperation. To effectively scrutinise these neglected issues, careful consideration needs to be given to a thorough review of the organisational theory of public and private sectors. Areas of interest consist of a study of the distinctive features of public and private organisations in various aspects, such as organisational goals, accountability, managerial functions, perceptions of incentive structures and motivations, needs satisfaction, human resource management (HRM), and decision-making processes. Further considerations in this study include a review of various schemes applied for classifying the complex set of intermediate or overlapping functions between public and private organisations in the mixed economy.
Key words: Public Organisation, Private Organisation, Partnerships, Mixed Economy |
