Nationalisation that affirms the mutual agreement of sales

Nationalisation of public services is simply the government absorption of control over assets or corporation, that is, acquiring of a share or whole share of the corporation. There are two major ways government can take ownership of a corporation or asset, includes, confiscation and purchase. Appropriation or confiscation of assets infers that the government seizes the ownership of asset without mutual agreement or compensation of the legal or rightful owner, while purchase of shares, on the other hand, simply infer that the government buys the shares of the corporation or asset at either market price or agreed price, and usually this is followed by a legislation that affirms the mutual agreement of sales between the parties, while it is also recorded as a financial transaction (OECD, 2005). Although, according to a Financial Times (2017) report that states “nationalisation of public services raises important issues such as cost, efficiency, market structure, state interference, culture and risks”. In order for government to nationalise any corporation or assets, it widens chances for the government to borrow money because of the huge cost of financing this corporations, thereby increasing debts. Also, nationalisation sometimes improves efficiency but not all cases, besides, proper regulation can create competition which may reduce price and improve the quality of customer service. The 1989 privatisation of Britain water industry has led to the creation of 17 regional companies, they are licensed as monopoly providers of water services and sewerage. Government paid off the debts of the sector and funded them. The National Audit Office reports that the average household bill charge of water had increased by 40% and varied consequently since the transition of ownership. In the last two years, Thames Water was charged millions of pounds for gross inefficiency and poor performance. Although, the water suppliers in Northern Ireland and Scotland remains under the care of public sector (Financial Times, 2017).2.British TelecommunicationsBT is known to be the oldest telecom company and also the largest company in the UK providing communication solutions and services, also improving its customer tech demands such as the on-demand TV, mobile tech packages, high speed broadband connections, online product sales and many others (btplc.org, 2018). The stakeholder groups of BT are as follows: – Customers – this category of groups are the direct users or buyers of the services and products provided by the company, they are regarded as external stakeholders. The company’s objectives often satisfy the demands of this groups. Employees – this category of groups are often referred to as internal stakeholders because they are part of the organisation, and they are the company’s most important assets because they help the company achieve its set goals or objectives through their commitment, creativity, trust, perseverance, and problem solving.Regulators / Government – this category of groups are the regulators, they offer the license to operate. BT holds a legal obligation to this group. Shareholders – this category of groups are regarded to as part-owners of the company and internal stakeholder, because they simply buy shares in the company and contribute in the profit sharing (dividend) and risk taking of the business. Their input or investments in the organisation is invaluably important because it determines the solvency, efficiency, productivity and profiting of the organisation.Suppliers – this category of groups simply help the contribute and maintain business competitiveness of the organisation.Wider community – this category of groups are the distant beneficiary of BT’s services, for instance, the learning and skills community, and digital inclusion. Power / Interest MatrixHigh power / high interest – this category possesses high influence on the business and would require BT to engage them closely. They are seen as trusted partners and valuable advisors. High power / low interest – this category requires BT to satisfy them, by improving the awareness and understanding of the products and services, because they simply have low interest rate for the services or objectives of the organization.  Low power / high interest – this category serves as true representatives of BT because of their sound interest in the business.Low power / low interest – this category requires an effort to convince of the objectives of the organization.POWERHIGH Government/Regulators(Keep satisfied)Employees,Customers(Manage closely)LOWWider community(Monitor)Suppliers(Keep informed)               LOW            HIGH                                                    INTEREST3.Oxford Committee for Famine Relief (OXFAM) International – this is a confederation of twenty charitable organisations in ninety countries, collaborating with partners and local communities combating global poverty and injustice among vulnerable men and women through relief support programs, advocacy, training and education, and policy making (Oxfam.org, 2018). They started as a group of Oxford academics, social activists and Quakers, with a mission to persuade British government to provide for the starving citizens of occupied Greece. The organisation is funded by its affiliates (Oxfam GB, Ireland, Canada, America, Quebec, Netherlands, India, Germany, Hong Kong, Denmark, France, Belgium, and Australia) with operating budget of USD 8.7 million. Funds are raised through different sources such as charity shops (sales of public donated items), government, private donors (corporate, institution funds), fundraising and promotion.British Red Cross Society – this is a voluntary humanitarian group that is focused in helping crisis affected people responding to disasters, conflicts and emergencies. The group is also focused in helping vulnerable people recover from crisis, natural disasters and emergencies in different communities and in the UK. The organisation heavily depends on individual and corporate voluntary contribution, commercial services such as the first aid training and supports to events, fundraising and promotion events, will making schemes, celebrity ambassadors and museum. 

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