NEW PUBLIC MANAGEMENT AND ITS SALIENT FEATURES
According to the term "new public management," it is a "summary explanation of a method of reorganising public sector organisations to bring their management, reporting, and accounting techniques closer to (a specific perspective of) corporate operations. "The new public management approach focuses on the flaws and deficiencies of government performance throughout time, blaming them on the nature and methods of government activity and administration". The new public management is intended to address centralised bureaucracies, waste and inefficiency in resource usage, and insufficient accountability systems. Reputable founding fathers of the New Public Management paradigm, Osborn, Christopher Hood, and Gaebler, underlined the importance of reinvesting government structures in their book. Back in the day, government institutions were overly focused on bureaucratic aspects, making them too slow and stiff to function properly. Only formal organisations and governme...