Month: October 2024

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The manager good at building and the one good at destroying

There are several management levels in every organization, however, there is one distinction worth noticing: demarcation between managers who build and managers who destroy. They will both remain relevant in their own unique ways (yes, even the destroyers). However, understanding the attributes and strategies employed by each one of them is the cornerstone separating the successful growth from chairing operational disarray.
Innovation

Unlocking Innovation and Addressing Ethical Concerns: The Role of Open Innovation, Local Ecosystems, and Responsible Corporate Practices

Despite the fact that open innovation and local ecosystems possess quite a few advantages, they can be used for unethical corporate practices. For example, corporations may penetrate foreign markets characterized by government grants and incentives only to ignore the operations once the incentives have been exploited. Such companies may be able to back their operations through an outsourcing ecosystem without damaging to the European Union funds but transferring their processes to their home country. Even though this form of behavior is legal more or less, it poses ethical issues.