SHS Web of Conf.
Volume 92, 2021The 20th International Scientific Conference Globalization and its Socio-Economic Consequences 2020
|Number of page(s)||8|
|Section||Behavioral Economics and Decision-Making|
|Published online||13 January 2021|
Are businessmen a benefit to public policy? And if so, what specifically can they offer?
Institute of Technology and Business in České Budějovice, Faculty of Corporate Strategy, Okružní 517/10, 370 01 České Budějovice, Czech Republic
* Corresponding author: firstname.lastname@example.org
Research background: The closer interaction between business and government has, on a global basis, drawn attention to the “revolving doors” issue, i.e. the movement of persons between high posts in the public and private sectors.
Purpose of the article: The main research question of this study covers the issue whether successful businessmen do or do not have better prospects for more effective political governance and economic policy making than career politicians or political professionals, and/or if politics and business require, for achieving their goals, similar or substantially different personal requirements.
Methods: The survey was based on multidisciplinary qualitative comparative approach and literature research, covering historical, economics, management, and psychological views. This method corresponds the complex nature of the topics surveyed.
Findings & Value added: The findings arrived to the conclusion that even a person successful in business may not necessarily have the expertise for effective public administration as well as sound public policy decisions. It showed that the opposite idea, coming often from businessmen circles themselves, fails to take into consideration that government, due to several reasons, cannot be operated like a business and many characteristics of successful businessmen do not fit well to high political posts, due both to their management style and “professional blindness” in terms of their approach to economic policy, e.g. international trade. Even though many management methods of successful companies can and should be taken over by the state/public administration, this goal can be achieved without the direct personal involvement of professional businessmen.
Key words: Suitability of politicians for high political posts / limits of personal and managerial style of entrepreneurs in politics / important personal traits of successful politicians / economic blindness of entrepreneurs in politics
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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