Institutionalization, which can be defined as a structure that enables businesses to continue and develop their activities without being dependent on individuals, has become one of the indispensable elements for businesses.
That is because it is very important for businesses to have an institutional structure in order to grow, develop, be long-lasting and pass on to the next generations.
The establishment of this corporate structure in order not to let the usual functioning of businesses be disrupted due to overdependence on certain people is one of the factors that carry the company to the future.
When we look at the successful companies in the world, their common feature is that they have a corporate structure.
In today's world where competition is intense in every field, it is absolutely necessary to give importance to institutionalization, which is one of the requirements of ensuring sustainable success.