Corporatization: meaning, definitions and examples

This term is repeated. The context and examples remain the same as the first entry for 'corporatization'.

• The corporatization of the postal service aimed to improve efficiency and service quality by applying business practices

Refers to transferring ownership and management of a business or service from the government to private entities, often to enhance efficiency.

• The privatization of the telecommunications sector led to increased competition and better services for consumers

Refers to the process of bringing new products or services to the market, usually emphasizing making them profitable.

• The commercialization of new technologies often involves significant investment in marketing and distribution channels

Involves legally forming a new corporation, typically for legal, tax, and financial advantages.

• The incorporation of the company provided it with legal benefits and protected the owner's personal assets