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Airport Privatization

Performance-based Compensation. Just as private contractors are paid based on results, they can base employee compensation on performance. Contractors can pay bonuses for exceptional performance and give merit increases alone rather than longevity-based pay increments. This elicits greater productivity and effectiveness from staff. Management Expertise. Contractors develop expertise to compete effectively. They hire well-known experts and develop management structures geared toward continuous improvements in performance. Flexibility. Private contractors have the flexibility to respond quickly to changing program requirements or evolving needs of organizations. They can acquire new technology, obtain new equipment, reorganize offices, and/or adjust staffing configurations without the encumbrances of slow-moving public civil service or procurement systems. Most importantly, if they can increase their revenue by investing in more staff and other resources, they have the flexibility to do so without the artificial constraints of limits found within the government bureaucracies. Technology. Because of purchasing power and a conduit to leading edge technology, private companies can obtain and adapt technology to improve productivity and track performance in ways that the public sector is typically not able to match. Governments rarely act quickly enough to develop or use leading edge technology. Customer Service. Private contractors tend to place a strong emphasis on customer service because, for competitive reasons, they must be acutely sensitive to their reputations in the communities that they serve. They also bring a level of expertise in improving customer service that may not be as well developed in the public sector. Cost-effectiveness. Numerous studies have documented the cost savings agencies achieve from outsourcing services to private organizations. For full-service private airports, an initial investment may be required to transition to privatization, but a private contractor will tend to reduce the costs of operations.


Essays Related to Airport Privatization

1. Secondary Airports Effective in India

... aviation industry has climbed the ladder to a more liberalized and investor friendly sector. The advent of privatization and the introduction of LCC's have been the key contributors to the growth. The sector now boasts of 10 major scheduled airliners and world class airport infrastructure at tier one cities. The transfer of the country's major airports to private players under ... with a view to improve the operation efficiency. Since the privatization the airport has performed very well with a increase in both finance as well as the service quality. Just like the Heathrow Airport, London...

  • Word Count: 4397
  • Approx Pages: 18
  • Has Bibliography
  • Grade Level: High School

2. Chinese Economics

... year (Zuckerman D1). These public works projects include new sewers, a new water system, new gas lines, a new bridge, and extensive roadwork. Future plans include the construction of a second international airport, a container port, a new subway system, and more roads and bridges (Zuckerman D8). China and foreign investors in a joint venture are also rebuilding the financial district, which will feature a ... may be possible but it does have its critics. In an essay written in 1989, Steven N.S. Cheung argued for the "creation of private property by mandate", feeling that privatization i...

  • Word Count: 6375
  • Approx Pages: 26
  • Has Bibliography
  • Grade Level: Undergraduate

3. KFC's Strategies

... , etc. Solely dependent on lunch and dinner (inactive the rest of the day) Difficult to enter markets where chicken is not a very favorable meal. Opportunities: Global expansion especially with the privatization trend Demand for fast food, especially with the growth in number of labors and people's adoption to fast food Home or office delivery demands Adoption of multiple forms of outlets ... , for example in airport kiosks, e-commerce, department stores, etc. Extending the product line Threats Increased competition International risks because of lack of experience in new areas Health con...

  • Word Count: 563
  • Approx Pages: 2
  • Grade Level: High School

4. Chinese Econmic Reform

... last year (Tyler A1). These public works projects include new sewers, a new water system, new gas lines, a new bridge, and extensive roadwork. Future plans include the construction of a second international airport, a container port, a new subway system, and more roads and bridges (Tyler A8). The financial district, which will feature a new stock exchange, is also being rebuilt by China and foreign investors ... structure may be possible but it does have its critics. Steven N.S. Cheung, in an essay written in 1989, argued for the "creation of private property by mandate" (31), feeling t...

  • Word Count: 8272
  • Approx Pages: 33
  • Has Bibliography
  • Grade Level: High School

5. Russia - Best mode of entry

... scheduled for October 5. A big event which recently happened was the arrest and jailing of one of Russia's wealthiest men Mikhail Khodorkovsky, head of oil giant Yukos. Special Forces at a Siberian airport seized Khodorkovsky on October 25, 2003 sent him to Moscow and charged him with a $1 billion (30 billion rubles) fraud and tax evasion. The wealth of Khodorkovsky was estimated by Forbes ... -oriented efforts. Some of the strengths of Russia's IT include, the government beginning to create IT laws and Internet policy. Russia also has a large potential for growth. Russia has started pri...

  • Word Count: 4632
  • Approx Pages: 19
  • Has Bibliography
  • Grade Level: High School

6. Chinese Economic Shifts After Mao

... last year (Tyler A1). These public works projects include new sewers, a new water system, new gas lines, a new bridge, and extensive roadwork. Future plans include the construction of a second international airport, a container port, a new subway system, and more roads and bridges (Tyler A8). The financial district, which will feature a new stock exchange, is also being rebuilt by China and foreign investors ... structure may be possible but it does have its critics. Steven N.S. Cheung, in an essay written in 1989, argued for the "creation of private property by mandate" (31), feeling t...

  • Word Count: 4412
  • Approx Pages: 18
  • Has Bibliography
  • Grade Level: High School

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