As you know, the market capitalization of a corporation is the total value of all its shares, determined, as a rule, based on the summation of the private capitalizations of these shares. According to established practice, the capitalization of a corporation is one of the main characteristics of its success, although it does not always adequately show the state of affairs in this company. The reason for this situation is that the capitalization of a company-corporation is largely dependent on future potential income. That is why strategic planning for the development of corporations involves the introduction of planning activities.
Large firms are very interested in such planning, not only at home, but also at business partners. The capitalization of the corporation, with this approach, becomes a completely predictable indicator.
Under the influence of transnational corporations, on a national scale, various central planning systems have developed. For example, in the United States, in addition to intercompany, there is private centralized planning. It is carried out by a core of 12 financial groups holding almost 10% of the assets of all corporations in the country and controlling 60% of shares in the United States.
Relations between the monopolies nevertheless remain competitive, although significant changes have occurred here. If in pre-monopoly capitalism, for example, out of 4,310 thousand manufacturers in a certain industry, 100 firms died, for other competitors, the size of the market increased by 1%. With a modern oligopolistic structure, if, for example, even out of 4 economic units of the industry, even 1 participant dies in the competition, the market for each of the remaining ones will increase by 25%. Therefore, the intensity of competition is growing immeasurably. If today the oligolist does not introduce new products, does not keep pace with the policies of competitors, his fate is a foregone conclusion.
The economic dominance of corporations is perceived not as dominance, but as a "distribution of roles", which has developed on the basis of objective laws, the action of which determines the ratio of various forms of ownership, capital and the general development of society. Realization of corporate potential is possible only in a society where both the monopolist and the small entrepreneur are equally responsible to him.
The corporate world is heterogeneous, each corporation has its own characteristics, both of the managerial structure and the intra-company development mechanism. Capitalization also becomes in this case a competitive parameter that determines the value of the company in the market.
The fact is that capitalization may be insufficient. This happens when there is a significant imbalance between economic capital and the capital of a particular corporation. Planning in the corporate business just helps to eliminate this unfavorable imbalance.
Today, corporate planning and various integration models are quite widespread. As part of the competition with state-owned enterprises, large corporations a priori already receive preferences, because the very scale of the state contributes to this competition. The government cannot but show interest in such enterprises for both economic and social reasons. Therefore, the state often provides them with various benefits - financial, customs, and in extreme cases even saves them from collapse. In turn, the largest firms, corporations, and especially TNCs, largely determine the state’s policy, and not only in the economic field.
The advantages of corporations have determined their significant role in the global market since the end of the 20th - beginning of the 21st centuries. The logical consequence of this was their desire to unite. The condition for such a union were agreements on the preservation of legal independence. After all, competition is associated with great risks for them, which is why they prefer it to unionize. And one of the important consequences of this development was the expansion of the scale of regularity. Planning has turned into an objectively necessary attribute of monopolized production, since TNCs do not risk releasing goods for an unknown consumer, into a market element, from which the capitalization of the company is primarily affected.