Corporatized: meaning, definitions and examples

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corporatized

 

[ ˈkɔːpəraɪzaɪz ]

Verb
Context #1 | Verb

business context

To corporatize means to convert a government agency or public service into a corporation or to organize something along corporate lines. This often involves applying business principles to enhance efficiency and accountability within the organization.

Synonyms

commercialize, corporationize, privatize

Examples of usage

  • The city plans to corporatize its waste management services.
  • After facing budget cuts, the agency was corporatized to operate more like a business.
  • The new administration aims to corporatize public transport to reduce costs.

Translations

Translations of the word "corporatized" in other languages:

🇵🇹 corporativizado

🇮🇳 कॉर्पोरेटाइज्ड

🇩🇪 korporatisiert

🇮🇩 dikorporasikan

🇺🇦 корпоратизований

🇵🇱 skorporatyzowany

🇯🇵 コーポライズされた

🇫🇷 corporatisé

🇪🇸 corporativizado

🇹🇷 şirketleştirilmiş

🇰🇷 기업화된

🇸🇦 مؤسسية

🇨🇿 korporatizovaný

🇸🇰 korporatizovaný

🇨🇳 企业化的

🇸🇮 korporatiziran

🇮🇸 fyrirtækjuflokkið

🇰🇿 корпоративтендірілген

🇬🇪 კორპორატიზებული

🇦🇿 korporativləşdirilmiş

🇲🇽 corporativizado

Etymology

The term 'corporatize' emerged in the late 20th century, particularly with the rise of market-oriented reforms in various sectors around the globe. It combines the word 'corporation,' which comes from the Latin 'corpus,' meaning 'body,' referring to a legal entity that is recognized as having its own rights, distinct from those of its members. The suffix '-ize' indicates the action of making or becoming, thus 'corporatize' essentially means to make something into a corporation. The concept gained traction as governments sought to improve efficiency and service delivery by adopting private sector practices and structures, leading to a significant debate about the role of the public versus private sectors in providing essential services.