HISTORY & NEED OF CORPORATE GOVERNANCE

May 29th, 2015
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Arcadia University
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It enhances the performance of corporation, by creating an environment that motivates managers to maximize returns on investment, enhance operational efficiency and ensure long - term productivity growth. Consequently, such corporations attract the best talent on a global basis. It also ensures the confromance of corporations with the interests of investors and society, by creating fairness, transparency and accountability in business activities among employees, management and the board.

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The Basis and Concepts behind Creating Value in the New Business Model"The core concept is that companies will lose their competitiveness if they deny four current trends and how the convergence of these trends is changing the way we think about innovation and value creation. It does not matter whether the business is selling tires, insurance or health care, or whether it's one of the new age businesses like Facebook, Google or eBay.For the last four years, I've been asking myself: in the age of the Internet, what is going to be the underlying source of competitive advantage for companies? What will endure for the next ten years? I noticed four trends.First, connectivity - and I think it's the core issue that will change the competitive landscape for all of us, whether it's through PCs or cell phones. Second, the cost of digitization is going down, so the cost of technology is not going to be a limiting factor for deploying it across the world. A third trend is the convergence of technology. Is your cell phone a telephone, a computer, a camera, a watch or all of the above? And industry boundaries are breaking down like technology boundaries. The fourth trend is the emergence of social networks. If you take globalization, which feeds on connectivity, digitization, convergence and social networks - and the other way around - all of them together will change the way we think about innovation and value creation." To Stay Competitive, Companies Need to Adopt the New Way o

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