corporatizeverb [ I or T ]
uk/ˈkɔːpərətaɪz/usUK also corporatiseECONOMICS, GOVERNMENT to change a government organization into a privately owned company:
Postal and telecommunication services were corporatized with the establishment of two separate companies.
corporatization
noun [ U ] UK also corporatisation
Reforms such as corporatization, privatization and the introduction of new financial management systems have led to major improvements.