THE GLOBAL INVESTMENT COMPANY: study FROM INDIA
Case Background Information: The Global finance Company (GFC) is the private arm of the Global Bank. It is tasked to foster economic growth in developing countries and performs several important tasks to repair through this goal, such as financing private sector investments, go capital in the global financial markets and providing advisory work to workes and governments. The Mumbai office director is looking to increase the development of sunrise(prenominal) products and services and new ways of meeting the customers needs applying reversal intro principles and knowledge management, as long as these efforts grant value to the organization. The Advisory Services department would seem to oddly benefit from these practices since it the issue of developing local ideas and disseminating them from all regions and business lines is becoming critical.
GFC is poised to benefit from an innovation and knowledge management system, and the Mumbai office is the perfect pilot from which to start. in that respect are prime examples in the Mumbai metro area of companies that read been very successful at creating and managing innovation.
Some have called India an creative activity Mecca due to the way they have leveraged their resources in creative and scotch ways to find solutions for their customers forms the concept of Indian `jugaad and have helped more Indian companies find success in the global stage.
By utiliseing some `jugaad, we believe that GFC can successfully employ a knowledge-sharing system which the company can leverage to deal about new ideas and innovation to its Advisory Services division, and beyond. This go away be done by employing current technology and military personnel resources with which the organization can extract value out of the joint (technological, cultural and procedural) knowledge that already exists informally. This will be the programme by which innovation development can flourish.
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