Corporatization - Meaning, Definition & English Examples
Corporatization is the process of transforming a state-owned or public entity into a corporation with independent management, often to improve efficiency and profitability through market-oriented practices.
Definition:
The process of transforming state-owned entities into corporations or private enterprises.
Synonyms:
privatization, commercialization, marketization
Part of Speech:
noun
Antonyms:
nationalization, socialization
Common Collocations:
government corporatization, corporate culture, public sector reform
Derivatives:
corporatize, corporatized, corporatizing
Usage Tips:
Use "corporatization" when discussing the shift from public to private ownership in business or government sectors.
Common Phrases:
corporate takeover, profit-driven model, state-owned enterprise reform
Etymology:
Derived from "corporate," with roots in Latin "corpus" (body), and the suffix "-ization" indicating a process or action.
Examples:
- 1. The government announced the corporatization of the railway system last year.
- 2. Many employees feared job losses after the company's corporatization plan was revealed.
- 3. Corporatization often leads to increased efficiency but reduced public control over services.
- 4. Critics argue that corporatization prioritizes profits over social welfare programs.