Corporation, as defined by our online dictionary, is a group of people combined into or acting as one body. It is a body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members.
As a result of progress coming from economic freedom and globalizations, the company in recent years has seen an increase in its strength compared to governments and other institutions, while at the same time proving it to be the main generator of wealth, progress and development. Corporations therefore start the 21st century with more power than ever previously enjoyed. This increase in power brings with it greater responsibility. 21st century Corporation is required to have greater social participation in terms of its “civic” involvement and must also provide value for the entire society in which it functions with initiatives that are not just limited to its strict area of activity. This is what is known as corporate social responsibility.
At the very core of the 21st century corporation is technology, or what most people today call digitization.Digitization means removing human minds and hands from an organization's most routine tasks and replacing them with computers and networks.Sparked by new technologies, particularly the Internet, the corporation is undergoing a radical transformation that is nothing less than a new Industrial Revolution. This time around, the revolution is reaching every corner of the globe. The 21st century corporation that emerges will in many ways be the polar opposite of the organizations they helped shape. The Net gives everyone in the organization, from the lowliest clerk to the chairman of the board, the ability to access a mind-boggling array of information--instantaneously, from anywhere. Instead of seeping out over months or years, ideas can be zapped around the globe in the blink of an eye. That means that the 21st century corporation must adapt itself to management via the Web.There is no one company today that embodies all the possibilities and promise of the superefficient 21st century corporation.
As a result of progress coming from economic freedom and globalizations, the company in recent years has seen an increase in its strength compared to governments and other institutions, while at the same time proving it to be the main generator of wealth, progress and development. Corporations therefore start the 21st century with more power than ever previously enjoyed. This increase in power brings with it greater responsibility. 21st century Corporation is required to have greater social participation in terms of its “civic” involvement and must also provide value for the entire society in which it functions with initiatives that are not just limited to its strict area of activity. This is what is known as corporate social responsibility.
At the very core of the 21st century corporation is technology, or what most people today call digitization.Digitization means removing human minds and hands from an organization's most routine tasks and replacing them with computers and networks.Sparked by new technologies, particularly the Internet, the corporation is undergoing a radical transformation that is nothing less than a new Industrial Revolution. This time around, the revolution is reaching every corner of the globe. The 21st century corporation that emerges will in many ways be the polar opposite of the organizations they helped shape. The Net gives everyone in the organization, from the lowliest clerk to the chairman of the board, the ability to access a mind-boggling array of information--instantaneously, from anywhere. Instead of seeping out over months or years, ideas can be zapped around the globe in the blink of an eye. That means that the 21st century corporation must adapt itself to management via the Web.There is no one company today that embodies all the possibilities and promise of the superefficient 21st century corporation.
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