How public policy influences modern century business strategies

public policy should help businesses

There is a clear role of public policy in startup business development. The trick is persuading the government to take it up. You don’t have to be schooled in economics to notice that economic development does not always translate into socioeconomic well-being of the people. The economy can grow rapidly.

It does not matter whether all macroeconomic indicators are well-balanced way or whether we are topping the charts of economic prosperity if that principled guide to action taken by the administrative executive branches of the state about a class of issues in a consistent with law and institutional customs is missing.

Divide in economic classes

Public policy should cater to the needs of common man
A slum. When part of the society is neglected, any progress is slowed. Image by 晨 朱 from Pixabay

The growth of a country’s economy only means a bigger between the rich and the poor and instead of scaling down the income parity gaps, it only serves to inflate the gain coefficient. Public policy, at this point, is what we ought to check as the musical chord that is we straining in the economic orchestra.

Our major undoing is in the formulation of policies that cater for a given class of the society.

It has been more than 50 years into independence. Yet we still have to deal with trivial things such as poor hygiene and blatant misappropriation of public resources. I am appalled that we still have to call upon foreign personalities to come and remind us when and how to wash our hands.

That in some parts of our great nation we still have to ask people to build toilets. Then something is seriously amiss. Or teaching the basics of life to a fifty-year-old state? In the 21st Century?

Remedy lost priorities

We missed the point somewhere along the way. I will dare ask what identity we had as people at independence. Unfortunately, that answer is far less appealing. To keep blaming our misfortunes on the colonial era is now a lost rhetoric. We have to do better.

Too much time has gone by since 1963 for any meaning to be drawn from our pre-independence conditions. Too many mistakes. Too many missed opportunities. And yet too many achievements as well.

public policy should increase business capacity
Create capacity needed to enable better businesses Image by F. Muhammad from Pixabay

Seemingly, we live in a country of misplaced priorities.  Should some ill-fated shuttle diplomacy to grant immunity to sitting head of states for crimes against humanity take precedence? A possible plunge into anti-homosexuality discussions at the August House? Sponsoring selfish bills to muzzle the media? The right answer is (or should be) a big, fat NO.

[bctt tweet=”Enacting sound policies that cater for the rights of every citizen is what this country desperately needs.” username=”TheVorako”]

For a country crippled with so many problems both natural and artificial, more has to be done. And the government must lead. Whether we are battling high levels of unemployment, failed leadership in public offices, an under-performing economy, terror threats that threaten to erode our international standing the peaceful haven in a sea of chaos, a highly charged devolution drive with no clear directive or signs of getting it right anytime soon, crippling poverty and an ever-increasing income gap between the haves and the have-nots. The list goes on.

Bring in equality, better programs

Enacting sound policies that will cater for the rights of every citizen in the country is what this country desperately needs. Such systems should be sound not only in their formulation but also in their implementation.

Our major undoing is in the formulation of policies that cater for a given class of the society. When a part of the population walks around the streets feeling ‘less Kenyan’ than the others; then there is a problem. That becomes a recipe for disaster, creating a fertile ground for perpetrating societal ills rarely mentioned.

I keep asking why someone in the same developing country should earn more than half a million in basic salary, not liable for taxation, while another sleeps hungry every other single day. What is he doing to the economy that is so great?

The primary goal of the regime (and its policies) should be to create an environment where every person can prosper. A guarantee that their work can bear fruit for their families, communities and the nation at large.

Public policy and business

The problem in this part of the world is that we all see public policy as a vague concept existing only in books. And so little effort is put to doing better than the predecessor. It is skepticism that can be justified to some extent, what’s with the tons of beautiful blueprints commissioned over the years still lying on the shelves, waiting for their day of reckoning.

The way forward is to recognize that public policy is key to development; it is crucial, yet missing cog in the wheel of the socioeconomic prosperity of a given country. It dictates what resources you use or who gets what and at what time. It dictates how hard poverty will bite and how well off the citizens will be.

We cannot move ahead to a sound economic standing with poorly formulated economic policies. If we are to shift the poverty baseline or provide lasting solutions to our socioeconomic woes, the buck to prosperity stops with a comprehensive public policy.

How public policy influences modern century business strategies 1

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Vani loves football and business. He's presently writing on small business, social media, and football. Long may it continue!