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Innovative Management Thinking

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Submitted By lizcerda2009
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Innovative Management Thinking

August 12, 2014

Innovative Management Thinking
Introduction:
When it comes to change it is very important in every employee in a company has an open mind to new adventures. This will allow the company to maintain its position in their industry. As a Manager or C-Suite executive, it is important to be aware of the issues that your employees are concerned about. Innovative approaches to corporate management will help employers and employees work together while staying aligned with the company's goals.
Body:
There are many ways to improve a company’s productivity, however new ways of managing are beginning to develop all over the business industry. Ideas that where once considered radical are quickly becoming the normal way of doing business. According to Paladino (2010), CPM (corporate performance management) is one of the newest ways of building a better company. Since the markets have suffered a great deal with the recession, business had to come up with a new plan. The best way to describe this plan is by explaining the five principles: Principle 1 establishing and deploying a CPM office and assigning an officer with in your company. Principles 2 refresh and communicate strategy, meaning partner up with the board and the executive teams and CFO’s to move out the strategic plans, maps, initiatives and budgets. Principle 3 cascade and manage strategy, partner with executives and management teams to go over scorecards, organization alignment and personal rewards. Principle 4 improve performance, creating programs to process improvement can be achieved by partnering up with marketing and sales personnel. Principles 5 manage and leverage knowledge, with the help of the IT team can help with new technologies. An example of companies using this method will be IBM in 2006 a CEO survey said that 57% had changed their strategies to a

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