Innovative Approaches to Corporate Management
Innovative approaches in technology and communication have paved the way for a stronger more effective corporate management though at times companies often find advantages and disadvantages to innovating companies. Companies are better able to provide a service to their customers and clients if a product did not arrive on time or was incorrect, allowing the mix up to be corrected and sent with out further down time to the client. The use of internet has provided access to vast amounts of information not only for competitive pricing but research as well. Questions can and will be answered more correctly and more efficiently. “Creative research tools are out there, but marketers cling to old ways the definition of insanity, it has been said, is doing the same things over and over, the same way you have always done them, and expecting different results” (Torlee, 2004, 1). For a business to run efficiently good lines of communication must be established between management and staff as well as suppliers, investors and even customers. Corporate communication is important for all managers to consider in order to maintain an effective schedule for their employees.
Advantages and Disadvantages
With chance comes advantages, with advantages comes disadvantages every company has to learn how to use the good and the bad to overcome there problems. The employer now has the ability to keep better track of Employees time and location for certain projects. With advances in technology it allows bosses to contact employees even on their days of which allows for better schedule planning and less down time. Companies can avoid failing and loss of production by learning from past mistakes and creating new ideas. Successful man ...