Corporatization

Corporatization is the process of transforming a government-owned or public sector entity into a corporation or a company that operates with more independence and commercial objectives. This involves adopting business-like practices, such as profit generation and efficiency improvements, while still serving public interests. It often includes establishing a formal organizational structure, legal recognition as a corporation, and financial accountability. The goal is to make these entities more competitive, financially sustainable, and responsive to users, while maintaining their original purpose of serving the public good.