I often see the private sector being held up as the gold standard for efficiency, cost-effectiveness and good management, while the public sector is dismissed as bloated, bureaucratic and wasteful. But in my experience, the private sector can be just as bad, if not worse, when it comes to incompetence, office politics and poor leadership.
I’ve worked in both sectors and I’ve seen shocking mismanagement, inflated salaries for ineffective leadership and decision-making driven more by personal agendas than actual efficiency. At least in the public sector there’s usually some level of transparency and accountability, whereas in private companies, things can be just as dysfunctional but hidden behind a polished image.
AIBU to think that people overestimate how well the private sector functions or is my experience just unlucky?