Hey Scott!
I reviewed your reflection on the theory first, and after looking at the actual Wikipedia page, I think you made a good assessment of the current condition. As you mentioned, changing the headings and structuring the article is necessary for the readers to make sense of the theory. I really like the way you connect distinct topics, so I am sure you will develop a good opening as well. Emphasizing the importance of information and information flow in organizations' functioning can contribute to the opening.
The question you posed, "How might this apply in today's corporate environment?" looks like a good way to start. I would recommend you to also consider other research areas. Are there any applications of the theory outside of the corporate context? If research exists outside of the corporate realm, showing them can be helpful in illustrating the breadth of the theory.
About your idea of adding vibrancy by incorporating real-world examples, which resources are you planning to use? Are there any newspaper articles that you are planning to utilize? Finally, are you planning to develop or use existing diagrams along with photographs? I hope my recommendations and the questions I posed help you build on your Wiki! Looking forward to your work.