How does accountability differ between the private and public sectors?

How does accountability differ between the private and public sectors?

Accountability in the private sector often focuses on profit and shareholder value, while in the public sector, it emphasizes transparency and public service.

Can you give examples of how this accountability is enforced in each sector?

In the private sector, accountability is enforced through performance metrics and shareholder feedback. In the public sector, it's often through regulations, audits, and public scrutiny.

What are the consequences of failing to maintain accountability in these sectors?

In the private sector, failure can lead to financial loss and reputational damage. In the public sector, it can result in loss of public trust and legal repercussions.

Are there any recent trends in accountability practices?

Yes, there's a growing trend towards greater transparency and ethical practices in both sectors, driven by technology and public demand.