corporatization (C1)
noun
Pronunciation: /kɔːr.pər.ə.taɪˈzeɪ.ʃən/
Definition
The process of changing an organization, especially a public service or a non-profit entity, to operate like a for-profit corporation, often involving a focus on efficiency, profit, and shareholder value.
Examples
The corporatization of universities has led to concerns about the prioritization of research funding over teaching.
Critics argue that the corporatization of healthcare results in higher costs and reduced patient care.
The government is considering the corporatization of its postal service to improve its financial performance.
How to Use corporatization
- corporatization of X (prepositional phrase)
- The process of making a specific sector or institution operate like a corporation. — "The corporatization of public services is often debated."
Synonyms of corporatization
Words with a similar meaning to corporatization:
Antonyms of corporatization
Words with the opposite meaning to corporatization:
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