This book also uses concepts seldom discussed in the budgetary literature—that of governance, including concepts of the facilitative state, with adjustments for exogenous shocks; the forms of decision making; and the political climate of the jurisdiction. This framework also analyzes methods of success of firms in the private sector that operate in environments of rapid technological change. While becoming the prevalent theoretical framework for how private sector firms change, dynamic capability analysis has received little attention in the public management field. This book utilizes DC since public sector organizations also face rapidly changing environments. Lastly, the book discusses the potential relationship between the local budget and local community welfare maximization. weiterlesen