The Contract Service Industries
The rise of competitive tendering as a political phenomenon was forecast to have a dramatic and immediate impact upon those industries capable of providing one or more of the relevant public sector services. It opened up the vast public sector market virtually overnight, providing an obvious answer to the problem of stable and declining markets in the manufacturing sector. This new market was expected to fuel consistent and rapid growth for these service industries during a rather lacklustre period for British industry as a whole. Stock market activity became strong, with acquisitions and takeovers almost too frequent to monitor effectively, and diversification was common. Industry analysts’ predictions of high levels of growth for the major service companies were based partly on expectations of future public sector market penetration.
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Notes and References
- 6.6. W. Goldsmith and D. Clutterbuck, The Winning Steak (London: Weidenfeld and Nicolson, 1984), p. 78.Google Scholar