What are the advantages and what are the disadvantages of applying principles of business strategy topublic-sector or charity organizations? Illustrate your argument by reference to a public-sector...

Question 1:
Business strategy is not limited to profit organizations loner. Public sector organizations and
charities too have a triple bottom line and work in the same way that for profit organizations
work except that they have no shareholders or stakeholders who invest in terms of ROI.
A study of the Smithsonian museum will amply suggest that even not profit organizations need
to adapt to some kind of business strategy to survive and become leaders in whatever area they
profess to be. The museum which is a pioneer historical museum depicting the history of the
USA has to sustain itself in terms of all kinds of resources. Very many times, the state funds the
organization but the museum has to attract visitors so that employees who work in the museum
can be paid.
Furthermore the management of the museum comprising donors, statesmen and historians has
get donors and sufficient funding and show how the funds are used so as to attract more
donations.
So unless there is a concerted strategy to...