Innovative Approaches To Corporate Management Argumentative Essay Example

networks anywhere. One of the most direct manifestations is outsourcing. The spread of offshoring labor to distant locations with lower wage levels has already created competition in local outsourcing markets. Thus, in India, outsourcing IT companies have to change their practices and business models “because IBM and other global IT companies now have their own local employees and can match many longtime Indian cost advantage” (Kirkpatrick, 2006).

This pushes managers to innovate even further in order to effectively exploit the link between increase in usage of modern technology and enhancement of efficiency in corporate practices. Another manifestation of ubiquitous networks is the creation of idea factories within companies that allow them to integrate knowledge generated in different parts of their organizations. In this way, corporate management can install systems that will connect individual creativities of different members of the same organization and prepare the pattern for growth of organizational creativity.In this sense, organizations can build a system of “rules to innovate by” (Plompen, 2005).

Hopefully, these systems can create networks that will not stifle individual thinking but will augment and develop individual capabilities in order to develop the organization at large. This is created through the development of corporate learning centers and establishing structures that will capture ideas and intellectual resources that exist within organizations so as to propel organizational development.