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Sample Critical Thinking Paper on what is Corporation and Why Does it Matter?

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Sample Critical Thinking Paper on what is Corporation and Why Does it Matter?

Modern management portfolio is characterized by existence of corporations. However, due to diversity in management approaches, it is imperative to understand corporation in its totality. There are three different forms under which the subject of corporation can be addressed. These include legal aspects of corporation, economic, and political corporate dimensions.

Legal Aspect of Corporation

It is from legal perspective that corporate form was constructed. Corporate governance and corporate responsibility have become very common terminologies used by modern management personnel. Although it has not been part of organizational management portfolio, it is important to note that the current wave of management styles legally considers service providence based on corporate dimension. Therefore, Legal Corporation can be used to denote imaginary management criteria in which all duties rendered by management personnel are considered legal based as long as they are handled by group of people within a management system framework. Complexity of organizational management has faulted use of individualistic approach or dictatorial mode of leadership in attempts to provide services to humanity. As such, legality of such approaches is always questionable because individuals involved in rendering such services could be associated with high-level biasness. This means that the only way to end such trends is by legally adopting corporate mode of management. The ultimate observer or controller of legal corporate approach in management is the state government. This is determined by how much a particular state is concern with social wellness of its citizens.

Economic Corporate Imaginary

Clear understanding of corporate can also be drawn from economic platforms. Since states’ economics are determined by organizational economic fabrics, it is important to associate the ultimate economic performance of any given state with individual organizational performances. For that case, it means that management approaches adopted by particular organizations would directly determine the success achieved not only by the respective organizations but the entire state within which these organizations are established. For instance, if organizational management approach is insensitive to societal needs such that social or corporate responsibility does not form part of the organization’s ultimate objectives, then, it would be irrational to relate society’s economic strength to the organization’s economic performance. However, if an organization offers part of its economic stake to the society via corporate decisions, then there would be high correlation between the two elements (society and organization). It is important to that this success is only possible if critical corporate factors (such as ability to concentrate resources for particular objectives, organizational sustenance in terms of financial stability and competitiveness in market capitalization)

Political Corporate Imaginary

Under very rare occasions would we experience a state’s economic success in the absence of political good-will. Since political leadership draws its supportive elements from the corporate or social sphere, it goes without saying that the most vital mode of management that should be adopted by political systems should have strong corporate dimension. As a matter of fact, political imaginary provides the basis upon which formulations of power are constructed in terms of political class. The latter is determined by the spirit of contest laid which consequently act as the basis upon which best corporate-oriented political groups are allowed to take over governance. Therefore, political corporate imaginary facilitates inflow of groups from external environments who have the potential to impact positively to societal needs.

In conclusion, management has gone through different phases. Given that there is significant increase in societal needs, it is important to focus modern management approaches in terms of corporate entity by being sensitive to all imaginary elements.



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