The corporation historically arose and received its further development as a synonym for a legal entity. It implied the creation of a subject of law as a result of the pooling of the capital of its participants to achieve various goals.
Instructions
Step 1
Nowadays, the corporation is considered as a collective concept, which is understood as entrepreneurial capital associations that have various organizational and legal forms. In a narrow sense, a corporation is such forms of entrepreneurial pooling of capital as a joint-stock company and its types.
Step 2
A corporation is a group of people or organizations that legally act as one person and have rights and responsibilities that are different from its members.
Step 3
In Russian legislation, the term "corporation" is absent. In our country, an enterprise can be registered in the form of a joint stock company. Often it is he who is associated with the corporation. In foreign countries, corporations have a number of characteristics: - the presence of owners - shareholders who make decisions on the implementation of the corporation's activities. They necessarily agree on the adoption of decisions, for this purpose the Board of Directors is formed. Unlike the owners of a corporation, the owner of another company can make decisions on its management alone; - delegation of authority. In a corporation, there may be several decision-making centers, while in other companies everything is strictly regulated; - taking a leading position in the market. A strong market position allows corporations to manage it, develop new products, and actively introduce them to the market.
Step 4
In addition, the corporation is distinguished by its large business size and a large number of employees. Abroad, the number of employees of the corporation can reach 5 thousand people. Consequently, the corporation is characterized by a complex management apparatus, which requires a clear construction of a decision-making scheme and a control system.
Step 5
Corporations, as large and powerful organizations, are usually attractive to society. They have a social orientation, social responsibility, comply with all rules and laws, consumer rights, the interests of employees and society as a whole. Corporate culture, established rules of conduct for employees, traditions, and a code of ethics are of great importance for the corporation.
