HRM Assignment 6

The 21^st Century Corporations??

21^st Century Corporations?? Asking me what I think would the 21^st century corporations look like, I think it would be better that today. Fast changing technology also brings out changes in the economy and so as the corporation in the world. Fisrt I’ll define what is a corporation.

A corporation is a legal entity separate from the persons who own it or the persons who manage or operate it. In British tradition it is the term designating a body corporate, where it can be either a corporation sole (an office held by an individual natural person, which is a legal entity separate from that person) or a corporation aggregate (involving more persons). In American and, increasingly, international usage, the term denotes a body corporate formed to conduct business, and this meaning of corporation is discussed in the remaining part of this entry (the limited company in British usage).

http://en.wikipedia.org/wiki/Corporation

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. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability).

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

As I’ve said a while ago corporation are changing or should I say developing as technology continues to develop. I think corporation will continue to flourish in the coming years.

I found these articles on the web which talks about what the 21^st century corporations be.

The Creative Economy
Which companies will thrive in the coming years? Those that value ideas above all else

The Great Transformation
New technology, particularly the Internet, is reshaping the world's business terrain. Now, companies need a whole new set of rules

The New Leadership
The accelerated pace and complexity of business will bring dramatic changes in the corporate hierarchy

Architectural Visions
A look at offices that might have been. Plus, two award-winning architecture firms imagine the 21st century environment in photo essays

The Corporate Ecosystem
The old boundaries--between public and private, foreign and domestic, friend and foe--are blurring. The effect will be liberating

Back to the Future
Globalization presents a formidable challenge--but if the history of the last century is any guide, the corporation will endure

http://www.businessweek.com/2000/00_35/b3696001.htm

Designs for the Future
If corporate structures embody an era, what will tomorrow's office look like?
Few institutions embody their era as strikingly as the corporation. In form and function, it reflects the defining technologies and social organization of its time. This is as true of the physical manifestation as internal configuration, which is why corporations have captured the imagination of so many visionaries, especially architects.

The 1913 Woolworth Building, at 60 stories one of the first true skyscrapers, was called ''the cathedral to commerce.'' The Chrysler Building, the Pan Am Building, Rockefeller Center, all in New York, and the Sears Tower, in Chicago, symbolized the organizational hierarchy of the industrial era. Corporations lived in a vertical world.

Today, a synap- tic jump in technology is altering the way business gets done, the way companies are organized, and the way managers operate. Information is replacing physical goods and hard assets as the currency of commerce. The corporation is morphing into a horizontal, if not virtual, universe.

BUSINESS WEEK asked two award-winning architecture firms to envision the 21st century corporation. The firm of Thompson & Rose Architects in Cambridge, Mass., believes humanism, not technology, will generate the ideas and innovation needed for corporate success. New York's Asymptote Architecture thinks execs will live in the air and corporate headquarters will be airport terminals. Wow. Compare both visions to the Emerald City in The Wizard of Oz. We begin with images of things to come from the past.

By BRUCE NUSSBAUM

http://www.businessweek.com/common_frames/ma_0035.htm?/2000/00_35/b3696037.htm

I think the 21^st century corporations would have significant changes over the coming years. There would be more coping up in the cost of market items because as what I see as time passes there is always a change in prices depending on its value. Technologies in corporations would of course be more advance than today. There would be new innovations on the latest technology. Talking about technology lets take the internet for instance. Hmmm I think corporations will be more centered on making use of the internet because of its easy way of roaming around the world at the comfort of home or wherever you are. I think in the coming years corporations would be more into e-commerce and e-business because it would be more convenient on the part of companies and so as the clients. In general corporation on the following years would be more techie in terms of their facilities. The organizational areas that will experience major changes in this transformation are: leadership, the organization, assets & resources, operations, personnel, future creation, interpersonal. These characteristics are interdependent. Transformation in these areas is revolutionizing how businesses perform. It does not matter whether the business is a small retail outlet or a Fortune 500 corporation, all organizations will have to concentrate on these areas in order to effectively compete in the market. Creative strategies and tactics are essential to accessing new markets, amazing customers, inspiring employees, and ultimately delivering more value to all stakeholders.

Corporations would generally be modernized and more adaptable to change. Whatever the future corporations be the important thing is that they need to adapt to changes because changes are always constant and if corporations won’t be adapting to these changes they would probably fall.

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