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The term managerialism refers to systems of governance that involve the operation of market principles in the management of organizations. It refers in particular to the prioritization of private (for-profit) sector values of efficiency and productivity in the regulation of public sector organizations on the assumption that these private sector values are superior to those traditionally found in public sector organizations. It gives primacy to management and endorses strong market-type accountability in public sector spending. The attainment of financial and other targets is a priority, and success in meeting targets is measured through public audits of the quality of service delivery. The development of quasi-markets for services is also a key goal; this operates as a further form of control through competition and public ...

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