- corporatization
- corporatize cor‧po‧ra‧tize [ˈkɔːpərətaɪz ǁ ˈkɔːr-] also corporatise verb [intransitive, transitive] ECONOMICSto change a government organization into a company:
• New South Wales has corporatised the former Pacific Power monopoly.
— corporatization also corporatisation noun [uncountable] :• Deng's successors appear ready to allow gradual corporatisation of larger state enterprises.
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corporatize UK US /ˈkɔːpərətaɪz/ verb [I or T] (UK also corporatise)► ECONOMICS, GOVERNMENT to change a government organization into a privately owned company: »Postal and telecommunication services were corporatized with the establishment of two separate companies.
corporatization noun [U] (UK also corporatisation)► »Reforms such as corporatization, privatization and the introduction of new financial management systems have led to major improvements.
Financial and business terms. 2012.