Private business deals and decision making - MyAssignmenthelp.com

Question: Discuss about the Private business deals and decision making. Answer: Introduction: Public sector implies the government sector of a country. On the other hand, private sector implies private organisations and private investors. While the chief motive of the public sector is to maximise welfare, the chief motive of private sector is to maximise profit. However, when these two sectors work with each other, they become the complementary sector of each other. Hence, the relationship between public and private sector is important for a country to grow and develop its economic structure (Delmon 2017). The government sector helps a country to develop and to grow its economic condition by providing various facilities, policies and subsidies and so on. On the other hand, private sector efficiently handles every economic situation effectively and competitively. Hence, both public sector and private sector has equal importance to develop a countrys national income and economic growth. This partnership can be been in many developed and developing countries (Almarri, K. and Hij leh, B., 2017). Hence, a research will be conducted based on this public-private partnership regarding various business activities in Abu Dhabi. The United Arab Emirates (UAE) has eleven emirates. However, among those emirates, the Abu Dhabi is the largest and wealthiest one. It is the capital of UAE as well. The economic structure of Abu Dhabi is basically depends on the oil industry, which contributes maximum portion in the gross national income of the country (Niblock 2015). At present, the government of Abu Dhabi is trying to diversify the economic condition of this emirate by developing the industrial structure of large, medium and small scale industries. This partnership between governments of private sectors will help to develop the goal and agenda of UAE to implement a sustainable and competitive economy. This economy is chiefly based on knowledge, diversity and integration (Kiani 2017). Hence, in this research the chief objective of the researcher is to see that whether these negotiations between public and private sector will help the business sector of Abu Dhabi to deal and negotiate. To do this research, a literature review will be analysed to understand this public-private relationship and its effect on business in Abu Dhabi. After analysing those literates, a research will be done on the current business sector of Abu Dhabi. To do this research, both primary data and secondary data will be required. Moreover, a proper statistical methodology is also needed to analyse the outcome. However, before that, the researcher will point out some basic questions and objectives, which are very much important to conduct this research in a correct way. Research Question and objectives: The researcher is trying to find out some questions that are important to further conduct this research. Research Question: What is the role of public sector and private sector in Abu Dhabi of UAE? What is the business economic condition of Abu Dhabi at present? Does Abu Dhabi need PPPs in their business sectors? What did actually happen on UAEs business sectors where PPPs operate? Why is the government of Abu Dhabi trying to implement the public-private partnership? Whether does this public-private partnership actually help this emirate to deal with business and to take decision on that? Objectives: To critically analyse the economic condition of Abu Dhabi. Find out the effect of Public-Private Partnership in Abu Dhabi To critically examine literatures related to PPPs. To understand the basic concept of creative negotiations within the business sector of Abu Dhabi by its government and private sector. To identify accurate sources to collect both primary and secondary data to analyse. Important Factors for Public Private Partnership (PPPs) in Dubai: A critical review on successful factors of construction industry in UAE: In this research article, the researcher tries to point out the critical success factors (CSFs) related to public-private partnerships within a transitional economy. To analyse this research, a case study is done based on UAE. Moreover, the outcome of this case study is compared with the developed economy of U.K. the partnership between public sector and private sector has hugely influenced the success rate of an economy. Hence, the concept of Public Private Partnership is good for an economy as the success rate is high. This success comes in the form of quality, funding, efficiency, innovation, quality and risk sharing. It develops projects and level of experience of business organisation in UAE. It is important to analyse the critical research factors that influences economic condition of an unstable economy like Abu Dhabi (Almarri and Hijleh 2017). Hence, the chief problem is underdeveloped economy. There are various economic problems which are needed to consider as well. Financia l aspects are another major issue which should be considered at the time of PPPs analysis. In 2015, a new law was introduced in Dubai. This law encourages investors to invest more. It reduces the financial deficit to develop the large-scale projects in this emirate. This research tried to point out important factors in UAE related to Public-Private partnership. Public-Private Partnership in government schools of Abu Dhabi: This research article has analysed and evaluated the effect of partnership between public and private sectors on educational sector of Abu Dhabi. The chief motive of this research article is to analyse the benefits from political and economical perspectives. In educational system, there are various types of partnership between public and private sectors can be seen. Sometimes, the government gives subsidies to existing private schools or provides funds to schools (Iossa and Martimort 2015). Moreover, government contracts give educational services, like, management, and teacher training. In U.S, the government directly contracts with private organisations to operate and manage state level schools, for example, charter and concession schools. Academy Schools had both private and public findings in U.K (Evans 2017). However, there were insufficient data to conduct a research on public-private partnership on education. Public-Private Partnership in large-scale venue development: Large scale places for events and exhibitions are important infrastructure of public sector. Development of venues has taken attention of the government. This is because industry will get potential benefits to the community. It is should be kept in mind that venue development is needed huge amount of capital, unique standard of design and operating costs. In this context, the government has introduced the public-private partnership to innovate different delivery models to develop the venue project. This research is based on two public-private partnership projects in Hong Kong and New Zealand, respectively (Osei-Kyei, Osei-Kyei, Chan and Chan 2017). The government helps PPPs to develop venue for advantages. These advantages are based on enhancing public budgetary constraints, increased quality of public services and increasing innovation and risk transfer optimisation. There are some examples of venue projects which are done by PPPs. These are Stadium Australia, the Melbourne Conventi on and Exhibition Centre and the Beijing National Stadium. Hence, in this research article, the researcher has tried to evaluate the experiences related to venue development by PPPs (Liu and Wilkinson 2014). Microeconomic impact on Public-Private partnerships (PPPs) In this journal, writers have made a theoretical framework to discuss the chief incentive issues related to Public Private Partnerships (PPPs). Under PPPs, the central government agency or local authority enters into long-term contractual agreements with a supplier to deliver some services. Those suppliers will take responsibility to build infrastructure, investment and finance (Marty 2018). Moreover, they manage and maintain this facility. There are many developed and developing countries who apply this partnership to develop economic conditions. Europe, U.S and Canada and some developing countries use this partnership with private sectors to increase and develop various economic sectors under the form of outsourcing, privatisation and deregulation of government (Iossa and Martimort 2015). Moreover, different countries will have different types of PPPs contracts. It can be seen from this research articles that PPPs helps an economy by developing its various economic conditions. These help to build finance and operate infrastructure in water, health, education, transport and waste management. There are also some other factors related to public-private partnership that will develop macro as well as micro economic condition of this economy. However, there is a shortage of data and other related literature articles related to this topic (Iossa and Martimort 2015). Critical Success factors from 1990-2013: Critical success factors related to public-private partnership are the chief attraction for each researcher. Hence, in this research paper, the researcher has tried to find out those successful factors of this partnership from 1990-2013. The most effective successful factors are strong private consortium, public support, risk allocation and sharing and transportation procurement. The global crisis of 2007-2008 has increased the interest to adopt this partnership policy between public sector and private sector for both developed and developing countries (Chou and Pramudawardhani 2015). There are many countries where the government is trying to capture the expertise level of private sector. At the same time, the government is looking for the private investment to reduce the infrastructure deficit. Hence, the research deeply observed various PPPs policies to understand its impact on an economy. After analysing all these factors, a statistical research is also done. Moreover, from this o utcome of research, it can be concluded that, the government of any country adopt this partnership policy to reduce the infrastructural gaps and to develop the economic condition of this country. In this regard, it is important mention that every researcher conducts various investigations, all over the world to implement this partnership policy (Osei-Kyei and Chan 2015). To see the trend of research on crucial social factors of public-private partnership, a review publication, based on three stages, was conducted from 1990 to 2013. Analysis on Public-Private Partnerships: This article will show the principle reasons that why an economy choose public-private partnership. It will also focus on the possible disadvantages for both sectors (Mouraviev, Mouraviev, Kakabadse and Kakabadse 2016). To analyse those matters, researchers have gone through two case studies. The first case study is on bridge construction and the second one is one railway infrastructure. It can be seen that under public-private partnerships, the private sector plays a vital role to develop and maintain public services and infrastructure. However, this is the basic responsibility of a public sector. This concept of public-private partnership was first experienced before 20 years. In some European countries, like, Portugal, Spain, Greece, Ireland and Hungary, private sector plays an important part to develop infrastructure with public sectors. This same thing can be observed in some other developed countries as well. Those are U.S, South Africa, New Zealand, Australia and Canada. In this paper, an integrated and systematic approach can be seen this approach gives proper definitions, characteristics, structure and models of PPPs. This whole research tries to find out three chief questions. These are: i) main characteristics of PPPs, ii) how private sector finance and structure PPPs and iii) why and how PPP contracts are negotiated (Sarmento and Renneboog 2016). This paper analyses an integrated approach from the perspective of the public sector and the private sector. Literature Gap: Though there are some research articles based on public-private partnership. However, in each research, the researcher could not get sufficient amount of data. It is also true for this research proposal. There is insufficient amount of data to conduct a research proposal based on public-private business deals and decisions making for Abu Dhabi. Moreover, no such research article based on Abu Dhabis business environment can be found. Hence, it is very important to analyse this research. Methodology: To analyse a statistical methodology, two types of data are required. These are secondary data and primary data (Johnston 2017). In this research article, these two types of data will be used. Secondary data will be used to analyse the previous year data related to PPPs within the business sector of Abu Dhabi. This can be achieved from old records of various business organisations. Moreover, primary data is also required to analyse the current situation of business in Abu Dhabi. To collect this primary data, a survey method will be applied. Hence, a proper and relevant questionnaire will be made by the researcher to collect those primary data. There will be different types of quantitative as well as qualitative responses at the time of data collection (Bryman and Bell 2015). Hence, those qualitative responses will be converted into values to estimate the value of the research. After collecting all these data, a proper and suitable statistical method will be applied to understand the role of public and private sector in Abu Dhabi to deal with business. Moreover, this proper research methodology will help the researcher to find out the proper decision related to business. Sampling Techniques: There are huge numbers of business organisations in Abu Dhabi. Hence, it is impossible for a researcher to take all these business organisations to analyse the research. As the population size is large enough, a sample method is required to choose samples. The research will be done based on those samples (Xiao, Zuo and Zhou 2018). There are oil sectors, tourism sectors and transport sectors. These three sectors are very important as these contribute a huge portion in the gross domestic product of Abu Dhabi. Hence, primary data will be collected from each of these three sectors. However, it should be kept in mind that, data will be collected carefully. This is because; sometimes the outcome becomes biased. Hence, it is better to use simple random sampling technique to choose sample. Outcomes: Public-Private Partnerships (PPPs) shows positive impact on business sector and all other sectors of an economy as well. It can be seen from various research articles and journals that this partnership actually helps to grow and develop every micro and macroeconomic factors to improve the economic condition of a country. In every sector, this partnership does a better performance. Hence, a positive outcome can be obtained from this research as well. Each and every business deals and decisions related to public-private partnerships will help business sectors of Abu Dhabi. This research outcome will establish the knowledge of macroeconomic conditions of Abu Dhabi. Moreover, the outcome of this research will show the positive economical and political conditions in Abu Dhabi. As the government is trying to diversify the economic condition of Abu Dhabi by making various business organisations, it will also show the positive side of this effort. It will also help the researcher to understand other economic conditions, where public-private partnership policy is implemented. Timescale: Sequential Activities/ Period Week 1 Week 2 Week 3 4 Week 5 6 Structure of proposal Key research questions Literature review Methodology and outcome Conclusion: At the end of this research, the researcher will get actual outcomes of public-private partnership in Abu Dhabi. This will further help this researcher to conduct more researches related to this topic. Moreover, this research will help to understand the impact of public-private partnership policy in an economy. However, it should be kept in mind that, the researcher will analyse both primary and secondary data efficiently to find out the actual outcome. Moreover, a proper methodology will be needed to analyse those data. In this context, it should be kept in mind that there are insufficient research articles related to this partnership between public sector and private sector in Abu Dhabi and in UAE as well. Hence, the outcome will give huge information on this particular research topic. Reference: Almarri, K. and Hijleh, B., 2017. Critical Success Factors for Public Private Partnerships in the UAE Construction Industry-A Comparative Analysis between the UAE and the UK.Journal of Engineering, Project, and Production Management,7(1), p.21. Bryman, A. and Bell, E., 2015.Business research methods. Oxford University Press, USA. Chou, J.S. and Pramudawardhani, D., 2015. Cross-country comparisons of key drivers, critical success factors and risk allocation for public-private partnership projects.International Journal of Project Management,33(5), pp.1136-1150. Delmon, J., 2017.Public-private partnership projects in infrastructure: an essential guide for policy makers. Cambridge University Press. Evans, M.R., 2017.Through a Glass, Darkly: An Analysis of the Monitoring Process used in Public-Private Partnerships in Abu Dhabi Government Schools(Doctoral dissertation, The Open University). Iossa, E. and Martimort, D., 2015. The simple microeconomics of public?private partnerships.Journal of Public Economic Theory,17(1), pp.4-48. Johnston, M.P., 2017. Secondary data analysis: A method of which the time has come.Qualitative and Quantitative Methods in Libraries,3(3), pp.619-626. Kiani, A., 2017. Coupling effects of demand-side improvements ensemble on energy performance to monetary implications for UAE economy.Journal of Cleaner Production,167, pp.44-54. Liu, T. and Wilkinson, S., 2014. Large-scale public venue development and the application of PublicPrivate Partnerships (PPPs).International Journal of Project Management,32(1), pp.88-100. Marty, F., 2018. The Evolution of Financing Conditions for PPP Contracts: Still a Private Financing Model?. InThe Economics of Public-Private Partnerships(pp. 79-109). Springer, Cham. Mouraviev, N., Mouraviev, N., Kakabadse, N.K. and Kakabadse, N.K., 2016. Conceptualising public-private partnerships: A critical appraisal of approaches to meanings and forms.Society and Business Review,11(2), pp.155-173. Niblock, T. ed., 2015.Social and economic development in the Arab Gulf (RLE economy of Middle East). Routledge. Osei-Kyei, R. and Chan, A.P., 2015. Review of studies on the Critical Success Factors for PublicPrivate Partnership (PPP) projects from 1990 to 2013.International Journal of Project Management,33(6), pp.1335-1346. Osei-Kyei, R., Osei-Kyei, R., Chan, A.P. and Chan, A.P., 2017. Implementation constraints in public-private partnership: Empirical comparison between developing and developed economies/countries.Journal of Facilities Management,15(1), pp.90-106. Sarmento, J.M. and Renneboog, L., 2016. Anatomy of public-private partnerships: their creation, financing and renegotiations.International Journal of Managing Projects in Business,9(1), pp.94-122. Xiao, N.C., Zuo, M.J. and Zhou, C., 2018. A new adaptive sequential sampling method to construct surrogate models for efficient reliability analysis.Reliability Engineering System Safety,169, pp.330-338.