Privatization Consideration
There is an epigram in the business world that I have always believed in. It goes something like:
Do what you are good at.
It has broad reaching applications, but it’s thrust is that businesses should focus on their core strengths. If you’re an insurance company, sell insurance. No need for a huge marketing department, you can hire an expert that will do a much better job.
And if you’re a state government, you may be able to save some money by not running a turnpike, or marketing the state to businesses. Governor Kasich is considering many innovative options that include privatizing some state agency functions. Though each involve different nuances, generally speaking, privatization creates revenue by freeing up Ohio Government to be able to do what it is good at.
Here’s PD piece surrounding a study dealing with the turnpike. I for one am happy our governor is ready to innovate.