Why does statutory corporation enjoy a high degree of operational flexibility?
Dear student,
Statutory corporation enjoy a high degree of operational flexibility because it is free from parliamentary and bureaucratic control. It enjoys high degree of freedom to take quick decisions. It has an independent management, that are employed on the terms and conditions laid by the corporation itself. They enjoy financial autonomy, they can raise funds from the public and can use its funds with greater freedom in expansion programmes without any delay.
Regards
Statutory corporation enjoy a high degree of operational flexibility because it is free from parliamentary and bureaucratic control. It enjoys high degree of freedom to take quick decisions. It has an independent management, that are employed on the terms and conditions laid by the corporation itself. They enjoy financial autonomy, they can raise funds from the public and can use its funds with greater freedom in expansion programmes without any delay.
Regards