Corporate business plays a significant role in modern industrial economies. The principal type of corporation is the joint-stock company or share company. The diffusion of ownership of equity shares among the public is intended to enable all persons, small or large, rich or poor, to participate in the accumulating capital group and thus share in the resulting profits. Group organization has an objective, a mission, the goals set to be attained. The concept of mission provides the primary basis for determining an enterprise’s policies, strategies, designs, and required competencies. For many modern enterprises, especially officers and professionals engaged in the corporate sector, the corporate business environment is an essential part of daily life. Academic publications are frequently respected as the authoritative literature on their subjects. Many dishonest persons have turned this privilege into a refuge for credit claims, business torts, and crimes. The diffusion of ownership of equity shares has enabled a small number of persons to exercise excessive economic powers and advance their personal interests unfairly. Clarification of the true meaning of corporate concept and operation is very useful for those without an extensive background in the corporate business field who are considering study, personal involvement, or business associations with a corporate business group.
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