0
Privatization is used in government terms. It is when a government program goes from being government run to being run by a private corporation. Commercialization is when something new is put on the market. This can be a product or service.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the difference between commercialization and privatization?
Commercialization is the process of making a business or product more public. Privatization is the opposite process in terms of conducting the business.
Differences between Privatization Commercialization?
Privatisation generally refers to the process where businesses or assets which were formerly owned by the people (i.e. the government) are sold to private individuals or corporations to be run as (possibly) profit-making enterprises. A typical example of this would be breaking up a country's telephone monopoly into parts, and selling the parts to interested businesses.Commercialization generally refers to taking the product of research (whether private or public is immaterial) and building a business out of that idea. Usually, the term "commercialization" is used when taking a research idea and building a business around that idea. Taking a research result and making a product to sell is usually referred to as "productization". For instance, if research in psychology showed that hypnosis with a watch could produce weight loss, then creating a chain of walk-in hypno-theropy stores would be Commercialization, while selling a box with a pamphlet and watch in it would be Productization. The difference is a bit subtle, and may overlap.
What are the features of privatization in modern world business?
Features of privatization
Main reasons for privatization?
One of the reasons for privatization is to ensure that a firm or organization gets better management. Privatization may also be one way to improve on profits.
What is the types of privatization?
# # #
What is Privatization and commercialisation?
what do you understand by the terms privatization and commercialization in nigeria
What is the difference between commercialization and privatization?
Commercialization is the process of making a business or product more public. Privatization is the opposite process in terms of conducting the business.
What are the problems with privatization commercialization and deregulation?
Some potential problems with privatization, commercialization, and deregulation include reduced government oversight leading to inadequate regulation and enforcement, potential loss of public control over essential services or resources, and increased inequality or monopolistic behavior in the marketplace. These policies can also sometimes prioritize profit over the public good, leading to negative impacts on society or the environment.
The objectives of privatization on Nigeria banking industry?
Objective of Privatization and Commercialization in Nigeria. 1. To re-structure and rationalize the public sector in order to lessen the dominant unproductive investment in that sector. 2. To re-orientation the enterprises privatization and commercialization towards a new horizon of performance improvement, viability and overall efficiency. 3. To ensure positive return in public sector improvement enterprise. 4. To check the present absolute depence on the treasury of funding by otherwise commercially oriented and currently approach to the Nigeria market.
Write an article on commercialization of education?
COMMERCIALIZATION
Advantages and disadvantages of commercialization?
the advantages and disavantages of commercialization
Differences between Privatization Commercialization?
Privatisation generally refers to the process where businesses or assets which were formerly owned by the people (i.e. the government) are sold to private individuals or corporations to be run as (possibly) profit-making enterprises. A typical example of this would be breaking up a country's telephone monopoly into parts, and selling the parts to interested businesses.Commercialization generally refers to taking the product of research (whether private or public is immaterial) and building a business out of that idea. Usually, the term "commercialization" is used when taking a research idea and building a business around that idea. Taking a research result and making a product to sell is usually referred to as "productization". For instance, if research in psychology showed that hypnosis with a watch could produce weight loss, then creating a chain of walk-in hypno-theropy stores would be Commercialization, while selling a box with a pamphlet and watch in it would be Productization. The difference is a bit subtle, and may overlap.
What are the reasons for privatization in Pakistan?
what are the reasons for the privatization in Pakistan
What are the features of privatization in modern world business?
Features of privatization
What are the Motives of privatization?
privatization motives are the following : efficiency, receipts and the rationalism
What are the merits and demerits of privatization of VSNL?
merits and demerits of privatization of VSNL
How has privatization change the ejido system?
the privatization changed ejido by d
