Bounds of Corporate Theory:Development Process, Principles, Practices and Deviations

Abstract

Corporate theory is concerned with defining irrationally behind the formation of companies which complies a whole greater than the sum of its parts. This development process lends support to what the Chief Justice of American Supreme Court underlined as a corporate citizen distinct from the entire body of other stakeholders. This was in early eighteenth century much before the solemn state. Corporate theory has many elements that practically defined successful team effort.