Corporatization
/ˌkɔːr.pə.rə.təˈzeɪ.ʃən/noun
The process of converting government departments or public sector organizations into corporations.
The corporatization of public services can lead to more efficiency.
Often appears as...
- corporate governance
- business entity
Usage tips
Neutral
public corporatization, complete corporatization, corporatization policy
Definition 1 of 2
Pro Tip 1/3Understanding Context
Corporate entities are often expected to make decisions based on profit rather than public good.
In many cases, corporatization may lead to increased efficiency but also reduced accountability.
Pro Tip 2/3Business Language
The word is frequently used in discussions related to economic reforms in government sectors.
Using 'corporatization' in professional or formal discussions suggests a focus on economic strategies.
Pro Tip 3/3Cultural Factors
Different cultures may have different views on corporatization depending on their historical context.
In some countries, corporatization is seen as a path to modernization, while in others it may be viewed with skepticism.
Compare with
privatizecommercializationnationalization
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