Definition, Meaning & Synonyms

corporatize

verb

/ˈkɔːrpərtaɪz/

Definition

To transform a public organization or service into a corporation or to manage it with business principles.

Examples

The government decided to corporatize its postal service to enhance efficiency.
Many state-owned enterprises were corporatized in the 1990s to boost their competitiveness.
By corporatizing, the city aims to attract more investors in public transport.

Meaning

The act of organizing a company or a public service in a manner similar to how a corporation is run, often with an aim to improve efficiency and profitability.