Management of State-Owned Enterprises’ (SOEs)

Management of Public Enterprises (PEs/ SOEs) globally is a challenging task. Large number of countries both developing and developed, have confronted serious issues in improving the performance of their public enterprises. There have been several experiences of bringing these enterprises at par with their “counterparts in private sector”. However, there were more failures than successes. Keeping in view the low level of operational efficiency and magnitude of complexities Prime Minister of Britain Margaret Thatcher in the 1970s promoted a program to privatize. Subsequently, during the next few decades privatization policy was adopted by large number of countries. Some of them have been successful in privatizing substantial part of their public enterprise sector. Perhaps the greatest success was in East Europe where large number of PEs were successfully privatized. Privatization policy was also adopted by number of West European and Afro-Asian countries but here the results were mixed.