By breaking seemingly immutable trade-offs, disruptive innovation offers a potentially powerful tool for radically reducing costs in the public sector while maintaining or improving services. In the wake of the deep austerity facing most governments around the world, leaders are faced with the challenge to "do more with less. Breaking this seemingly unavoidable trade-off will require leaders to look at the public sector in a whole new way. The key to radically reducing costs, while maintaining or even improving services, is disruptive innovation. Creating the conditions for disruption will require policymakers to view government through a different lens.
Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Our flagship business publication has been defining and informing the senior-management agenda since Citizens and businesses now expect government information to be readily available online, easy to find and understand, and at low or no cost. Governments have many reasons to meet these expectations by investing in a comprehensive public-sector digital transformation. At a time of increasing budgetary pressures, governments at national, regional, and local levels cannot afford to miss out on those savings.
The public sector gets serious about customer experience
Contributing to the Global Economy. Over the past century, many governments have become increasingly dependent on borrowing to finance public spending. This public debt expansion was made possible by a vast monetary expansion over the last decade, underpinned by loose monetary policy and quantitative easing, which has suppressed interest rates. As professional accountants, we recognize that borrowing can be a valuable tool to finance capital investment, for example, in infrastructure, which creates economic and social benefits.
Edition: Available editions United States. Articles Contributors Links Articles on public sector Displaying 1 - 20 of 26 articles Around the world, government officials fail often at implementing policy and public sector projects. Shutterstock Research around the world shows a consistent pattern of failures in public sector policy and project implementation.