Trading fund operations : a Hong Kong model of entrepreneurial governance

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Trading fund operations : a Hong Kong model of entrepreneurial governance


Author: Chow, Lawrence Yim-lam
Title: Trading fund operations : a Hong Kong model of entrepreneurial governance
Degree: M.B.A.
Year: 1994
Subject: Government spending policy -- China -- Hong Kong
Civil service -- China -- Hong Kong
Hong Kong (China) -- Appropriations and expenditures
Hong Kong Polytechnic -- Dissertations
Department: Dept. of Management
Pages: v, 68 leaves ; 30 cm
Language: English
InnoPac Record:
Abstract: This report looks at one of the Hong Kong Government's Public Sector Reform initiative, namely, trading fund financing. It attempts to show how a department's move to a trading fund status i.e. operating on a self-financing basis, can improve the Government's performance and achieve better value for money in demand-driven environments. The report holds that trading fund departments typify David Osborne and Ted Gaebler's Entrepreneurial Governance Model, which could be summed under the rubric of market-oriented government : not only systems change, but competition, customer choice, accountability for results, and public enterprise. The report concludes that trading fund financing will move government departments away from administrative bureaucracies. Public managers, given more freedom to manage in a "business" environment allied to increased accountability under trading fund operations, will think and act like entrepreneurs, which in turn will bring about a higher quality of service to the public at lower cost than conventional vote-funded government departments. The report also identifies some factors for determining the success of trading fund operations and makes specific recommendations for making a trading fund viable.

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