Assignment 6 HRM

What do you think will the 21st -century corporations look like? (1000words)


A corporation is created (incorporated) by a group of shareholders who have ownership of the corporation, represented by their holding of common stock. Shareholders elect a board of directors (generally receiving one vote per share) who appoint and oversee management of the corporation. Although a corporation does not necessarily have to be for profit, the vast majority of corporations are setup with the goal of providing a return for its shareholders. When you purchase stock you are becoming part owner in a corporation.

A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.

http://www.answers.com/topic/corporation


From time to time our corporation here in our country grew in larger. In which, it is more improving now. Corporations are, in fact, involved in virtually every type of human activity today, legal and otherwise.


The 21st -century corporations look like are the following:
• Economical power have emerged
• Landmarks are moving
• Trade is global
• Technology is overall
• Economical models are rising
• Innovation is the number one priority
• Foster individual creativity
• Make innovation everybody’s business

How?

• To promote personal and unformed interactions
• To give input and issue proportions
• Multiply interactions opportunities within implement collaborative platforms
• Build and join clusters and networks
• Social networks or networking
• Set up a global vision


The most important aspect of a corporation is limited liability. That is, shareholders have the right to participate in the profits, through dividends and/or the appreciation of stock, but are not held personally liable for the company's debts. Globalisation is the new buzzword that has come to dominate the world since the nineties of the last century with the end of the cold war and the break-up of the former Soviet Union and the global trend towards the rolling ball. The frontiers of the state with increased reliance on the market economy and renewed faith in the private capital and resources, a process of structural adjustment spurred by the studies and influences of the World Bank and other International organisations have started in many of the developing countries. Also Globalisation has brought in new opportunities to developing countries. Greater access to developed country markets and technology transfer hold out promise improved productivity and higher living standard. But globalisation has also thrown up new challenges like growing inequality across and within nations, volatility in financial market and environmental deteriorations. Another negative aspect of globalisation is that a great majority of developing countries remain removed from the process. Till the nineties the process of globalisation of the Indian economy was constrained by the barriers to trade and investment liberalisation of trade, investment and financial flows initiated in the nineties has progressively lowered the barriers to competition and hastened the pace of globalisation


A thousand years from now, our time will be remembered as the Second Dominion of the Corporation. During the early 20th century, enterprises bearing imprimaturs like Corp., Ltd., AG and S.A. gained control of the vast physical wealth in what used to be called the Free World.
Then with the advent of new economic policies in the Soviet Union and China during the late 20th and early 21st centuries, the corporate conquest neared completion. Virtually the entire planet had become organized and regimented -- in short ruled -- by corporations.
This accomplishment is beyond the power of any individual or any other type of organization in human history. It not only overshadows the authority of the world's social, political and religious forces, it transcends them, so that all people may find utility in its embrace. While most business and management schools continue to teach the functions of a corporation separately—production, marketing, finance, personnel—the reality is that for a corporation to endure each division must work with the others to create an effective system.


By the end of the 19th century the forces of limited liability, state and national deregulation, and vastly increasing capital markets had come together to give birth to the corporation in its modern-day form.The well-known Santa Clara County v. Southern Pacific Railroad decision began to influence policymaking. The decline of restrictions on mergers and acquisitions encouraged a wave of corporate consolidation: from 1898 to 1904, 1800 U.S. corporations were consolidated into 157. The modern corporate era had begun.
The 20th century saw a proliferation of enabling law across the world, which helped to drive economic booms in many countries before and after World War I. Starting in the 1980s, many countries with large state-owned corporations moved toward privatization, the selling of publicly owned services and enterprises to corporations. Deregulation (reducing the regulation of corporate activity) often accompanied privatization as part of a laissez-faire policy. Another major postwar shift was toward the development of conglomerates, in which large corporations purchased smaller corporations to expand their industrial base. Japanese firms developed a horizontal conglomeration model, the keiretsu, which was later duplicated in other countries as well.



http://www.slideshare.net/Jeanyveshuwart/whats-a-21st-century-global-corporation?type=powerpoint

http://www.astonisher.com/archives/corporation_intro.html