Case
Study

PFI (Private Finance Initiative)

 Foundations of Business

Introduction

PFI is an approach to funding large public projects, which has attracted a great deal of interest and controversy. The PFI scheme is very complex, and the details are often concealed from the public for reasons of commercial sensitivity.

Task

Brief yourself on the Private Finance Initiative - with special attention to the Construction Industry. In particular, look at the sources indicated.

Think about the general purpose of the construction industry. Think about the purpose of the construction industry in a PFI context.

Sources

Very British Corruption. Article by George Monbiot, from the Guardian, January 22, 2002.
Egan report: http://www.m4i.org.uk/publications/rethink/index.htm

Reading. Hannan & Freeman, Population Ecology.  in Pugh (ed) Organizational Theory, Chapter 10

Learning Objectives

Develop the ability to analyse large complex systems.

Appreciate the importance of choosing (scoping, framing) the system of interest -- and how this affects the outcome of the analysis.

Appreciate how the observed behaviour of large complex systems may not always match the declared purpose(s).

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