Innovative Approaches to Corporate Management Essay

Innovative Approaches to Corporate Management - Essay Example Innovative approaches are assessed based on its impact upon its profitability. Through implementing strategic management approaches in ones company, the need for customer satisfaction will be met, not only locally but world wide. Globalization of corporations evolved and exist for many reasons. There could be a need to follow the buying trends of consumers. Another is to meet the demand of customers. In todays business field,there is a rapid emergence of global buyers and sellers. Through the help of the latest technologies, communications, wire and money transfers, receiving of payments and any other activities are made possible regardless of distance, race, and currency. devising, implementing and improving a quality management system (QMS). (PCL - Petts Consulting Ltd) This model of a quality management system approach acknowledge the facts that quality results are achieved by producing a company manual, complete with work procedures and work instructions, proper recording and keeping of quality records and tracking of inputs and outputs. The HACCP System is a systematic approach to the identification, assessment of risk and severity, and control of biological, chemical and physical hazards associated with a particular food production process or practice. (Cianci, 2000) When speaking of HACCP, it is always associated with food safety. By using and by being certified with this system, the customers of the company are always assured of the safe processing of food. Corporate Social Responsibility CSR is about how companies manage the business processes to produce an overall positive impact on society. (Baker, 2006) It is the balance between the