Corporations: 21st Century

The 21st Century Corporations

As the google defines,corporations is the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.

So as asked what does the 21st century corporations look like? Technically, we could considered that our generation belongs to the 21st century in accordance with the Gregorian calendar, the 21st century began on January 1, 2001 and will end December 31, 2100.

Based on what I observed, most of the corporations right now uses unconventional system. They think out of the box. Their perspective when we talk about business is not the usual mainstream anymore. The 21st century corporations will be leaner in terms of human resources due to outsourcing of administration works such as accounting, hiring, payroll and other business and support needs. There were improvement of information system due also to the development of our technology.

The corporations have lessen their used of manual operation system. And most of all, lesser manpower because machines are widely used. They considered more of these high technology innovations because of the efficiency and easier job brought by these things. Therefore, I conclude that the 21st century corporations look like a more competitive, convenient and innovative one.

Source:
http://www.investorwords.com/1140/corporation.html