Privatization of Companies Essay



Privatization of Companies


Privatization, mergers and acquisition are commercial terms used with respect to large companies. Privatization is used to refer to a process by which an organization transfers its ownership from the government to the local citizens. Government transfers the majority shareholding to the public in this process. This is advocated for especially when there is a problem of service delivery as a result of such factors like corruption, lack of competition, bureaucracy etc. it is a decision meant to foster efficiency. A merger occurs when two or more companies undertaking business activities of similar nature come together and combine their operational activities, management and every service delivery tasks. This is usually aimed at improving service delivery and creating competitive advantage.

By merging with other companies, resources become more available hence production capacity can go higher. The acquisition is yet another strategy which means a larger company purchasing another one, either fully or partially, as a way of increasing its investment. The joint venture is closely related to the merger. However, in joint venture companies mobilize resources together to undertake a common venture. This strategy is regarded as necessary if the companies are like minded and the nature of the business venture will considerably involve large capital investment.

For instance, we have the case of EBG which acquired Pancevo, and other breweries in Moldova, Chisinau, Ufa in 2003. We also learn that Pancevo underwent nationalization over the era of Tito, which transferred its ownership interest to a given family. Again, this organization which now operated like a company was privatized following poor operating conditions prior to 1991. All these strategies have legal, social and economic implications to the society and the state at large. In our case study, we undertake to look at the legal and social aspects that arise with respect to the above strategies, considering multinationals like Pancevo, Eden Group of Companies, EBG and others that operate in the Asian market and other countries.


Generally, immaturity of the political body has led to stifling of the institutional pluralism development. While in the area of higher education, appointments of senior academic are still being conducted by the state, a picture similar to that arises in the agency of Serbian privatization where senior employees, as well as their policies, are seen as the subject of great transmutation. It is without a doubt that the major reason behind widespread feeling of anxiety and fear has been the pauperization of the community of Serbia which is faced with a challenge of around 30% unemployment with average wages being marginally higher than subsistence levels.

The interference of the system of social benefits that were well established by the administration of Tito, which meant non-material and material needs were all guaranteed by the government, has contributed to feelings of isolation and insecurity among the citizens. Living standards deteriorated immensely because under Milosevic business enterprises were maintained open, usually with passive workforces, meant to create means of supporting the regime and keeping social peace.

The significant challenge threatening the programs of workers in Serbia is the privatization enactments that were made in a series of laws from the start of the 1980s. From 2001, radical ownership restructuring has taken place. This has shocked many nationalities especially the workforce, whose livelihood is pegged into those enterprises. These laws have seen into it that social and state-owned business enterprises are transferred into the hands of the private sector. These enterprises employed 150000 workers, and their social security future was now at risk.

Such is the case with the employees of the Pancevo Breton wearies company which forms part of these enterprises that were privatized. Although privatization is meant for a good course, it often comes with its pressing challenges and so it did in the case of Pancova.  Other than the brewing industry, other sectors that were heavily affected by the new laws included cement, steel works, petrol stations, and tobacco. In fact, plans for the privatization of the industry of oil and the related products is underway. With patterns and structures of ownership of enterprises becoming more diffuse and less central and interests of foreigners gaining a foothold in the economic matters of the state, workers in Serbia are for the first time under exposure to what is seen as ravaging modernization programs of the capitalists which have by far caused adverse effects to their global counterparts.

However, there have been multiple effects of what is termed as oppression perpetrated by the political regime and international isolation years which have established a competence climate at the workplace level. In instances of privatization representatives of workers have been subjected to resignation from taking and administering rearguard actions, bargaining severance packages and tokens for those who have suffered only retrospectively, and this involves the Pancova Breweries. It is asserted that the trade unionism of Serbia is one of the few special cases, being greatly disadvantaged by the governance stance of outrightly rejecting reforms that are market-oriented in the late 1990s and 1980s, and the employment of nationalism as a tool of aggressively pacifying labour.

While in Slovenia there was a political agenda broader enough to permit the airing of labour voices and negotiating their demands in the enterprises, in Serbian, it was a completely different thing with the so-called anti-democratic trajectory being offered only one option of exit for labourers and collective identity being deconstructed. Consequently, workers from Serbia remain marginali9zed and disorganized beyond the control power of the formal institutions there is.


Mergers and acquisitions have a major impact on the performance of human resource in any organization. With Eden acquiring major shares of the Pancova, this meant that the company has now become global. Internationalization of the human resource places some implications for human resource management. During the past years, recognition and appreciation of the usefulness of human resource in the success of any business enterprise. Employees from an integral part of the assets of organization and are therefore termed as valued assets. Merger, acquisition, privatization and nationalization of business enterprises have implications on the human resource and hence attainment of the goals of the business enterprise.


RICHMOND, L., & TURTON, A. (1990). The Brewing industry: a guide to historical records. Manchester, Manchester University Press.

FROST, L., & GRIFFITHS, A. (2002). Plants of Eden. Penzance, Alison Hodge

DÖRRENBÄCHER, C., & GEPPERT, M. (2011). Politics and power in the multinational corporation: the role of institutions, interests and identities. Cambridge, Cambridge University Press.

Get Professional Assignment Help Cheaply

Buy Custom Essay

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently

Online Academic Help With Different Subjects


Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.


Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!


While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.


Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.


In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.


Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.


We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!


We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.


Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

smile and order essaysmile and order essay PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!

order custom essay paper