...Information and Knowledge for business decision making. Knowledge is a very important factor inside and outside of the business world. You need it to get through all aspects in life quickly and efficiently. Without knowledge many things that someone or even a business will try to do may not be a good decision for themselves or their business. There are many benefits when knowledge is incorporated into daily decision making. You can solve problems better with knowledge than using a guess and check method. In a business stand point you can improve customer service, processes, product management, innovation, and intellectual capital. The interesting fact of the chapter was the discussion on the Knowledge Management Process. This process consists of creation, capture, codification, storage, retrieval, transfer, and application. All these categories are very vital when gaining knowledge in any aspect. When these steps are executed in the correct manner, there should be no problem with managing the knowledge you’ve gained. When gaining or creating knowledge, there are also steps you can take to do this accurately. You first need to socialize. Get to know people or things and interact with them to gain information. Externalize your opinions to get other input from peers or mentors. Then combine the input you have received with the social interactions. Finally, internalize it; take action upon what you’ve learned and put it to use. With all of this information and knowledge for decision...
Words: 305 - Pages: 2
...Accredited Business Knowledge Accredited business knowledge is the process of actually being able to know, apply, and integrate content of one’s major. Having the ability to demonstrate the knowledge gained by paying a great deal of attention while a student in college, then later on replicating this in an actual business setting is very critical if you want to become successful. Here Is What I Have Done When presented with an assignment in my Business Cornerstone class last semester to develop a comparative financial analysis between The Walt Disney Company and one of its major competitors in the same industry, it was vital to utilize the retained marketing and financial information from previous courses. Using five financial performance...
Words: 322 - Pages: 2
...Abstract: While knowledge is increasingly considered to be a key resource for companies, the models for formulating business strategies that explicitly include it as a core component are still lacking. The paper investigates such issues by considering the particular case of computer service companies, which can be seen as Knowledge Intensive Business Services (KIBS) firms connecting the sources of innovation (i.e. large multinationals, research laboratories, universities, etc.) to the individual needs of the local customers. In doing so they operate as mediators between the local cognitive requirements and the more generic knowledge available in the global environment. Since those companies base their competitiveness on the capability to manage knowledge flows among various actors, the formulation of their business strategies requires new approaches that directly focus on knowledge assets and relevant processes. The paper describes the results of a survey involving twenty-one computer service companies located in the Northeast of Italy. The study allows the user to draw useful schemes for the identification of knowledge-based strategies, which can be of use beyond the specific context of investigation. In particular, rather than proposing completely new models for knowledge-based strategic formulations, the paper analyses the way knowledge can be integrated into more traditional strategic frameworks. The assumption is that these approaches can be more comfortable and understandable...
Words: 6800 - Pages: 28
...E-commerce project 1.0 Objective and strategy 1. To understand the concept of E-commerce, internet information system and also hardware and software and how to manage information system. * To know and how to develop applying business e-commerce * To know method purchasing goods in online. 2. Swot analysis * Strength: strong finance, quality product and strong customer satisfaction in online. * Weakness: high price as compared to others but it is good quality and have reliable products. * Opportunity: Toshiba E-commerce can expend its market share by introducing many brands in new market. * Threats: some competitors offer products at low price as the economy falling down, the customers are more attracting towards the product of low price, so those competitors can take away market share of Toshiba. 3. Our demand is great because many customers know that we buy high quality products. 4. Challenges that could rise during our project can be that couldn’t have enough experience regarding how to make e-commerce websites. 2.0 Corporate profile. 1. When we know the needs and wants of the population we decided to open our organisation. 2. Our best value to describe in our organisation is: * Warranty * High quality * Honesty * Promotion * High service quality to our customers. 3. Our target customers are global people especially students, workers and so on. 4. Our competitors are: Dell, HP and...
Words: 523 - Pages: 3
...1. Draw the table. ISYS 2110 welcome 2. Form (web controls, validation) Use DropDownList, TextBox, RadioButton, CheckBox, Hyperlink, Label, RequiredFielValidator, CompareValidator to create a form. 3. 6 steps of website development process. • Planning: determine the goals, objectives and target audience of the site. • Information architecture: IA is closely related to the concept of IM as it involves planning the information in a logical and organized way. Draw sitemap. Create a content outline. Storyboard. • Design: Banner. Background. Layout. Color. • Implementation: put them together by using visual web developer. • Testing: try to run all pages on local computer, ensuring all links work and all content and picture look correct. • Deployment: upload to web server. 4. Differences between static and dynamic website. A static site is one that is written in HTML only. Each page is a separate document and there is no database that it draws on. It means we cannot change the content of the site. The only way to edit the site is to go into each page and edit the HTML. A dynamic site is written using more complex code and can do a lot more. It can make an area where you can log in and change various parts of the site, such as adding information or products. This is because each page is constructed based on the information in a database, and the information in that database can be changed via another interface...
Words: 689 - Pages: 3
...company must stay ahead of the technological curve to gain competitive advantage. In this case, the authors, Glover, Sanjay, and Baiju, mentioned business leaders should concern some of the necessary processes to evolve from information to insight (i.e., infrastructure, data capture ability, utilization of the technical ability, etc.). In other words, companies that aim at enforcing more IT strength to thriving should pay attention to the knowledge management, business intelligence, and analytics. Knowledge management is a fundamental factor to get the insight of the company’s innovation. Knowledge management includes the processes necessary to generate, capture, codify, and transfer knowledge across the organization to competitive advantage. (Pearslon, 2013. P327) Glover enriches the context of the knowledge that company need to take into consideration. At first, the types of information (i.e., business process information, physical-world observations, biological data, public data, and data that indicate personal preferences or intentions) and related data accessibility should be included in the management process. As the data streams increasing rapidly, company should pay attention to the data context that will update more information in the data packages. The extra information may deliver a potential signal for new business activity. Biological information, stated by Glover, is being collected now mostly for security or fraud protection, but it offers new potential to...
Words: 986 - Pages: 4
...Assignment 2 Discuss key factors in creating a community of practice within a business Name: Aaron Overington Student ID: 05020344 Paper Number: 157.240 Paper Title: Social Media in Business Paper Co-ordinator: Dr. Barbara Crump | In 1991 Jean Lave and Etienne Wenger defined a Community of Practice (CoP) as a group of people who share a craft and/or a profession (Lave & Wenger, 1991). This definition was further refined in 1998 by Wenger who identified three dimensions by which a community of practice defines itself by, namely what it is about, how it functions and what are its outputs (Wenger, Learning as a Social System, 1998). In the writers opinion there are three key factors involved to creating a community of practice in the business environment and this essay will seek to discuss each of these. We will start with the domain of the community of practice, then the community itself and finally the practice. It is the combination of these three factors, according to Wenger, that make up a community of practice and the development of each of the elements in parallel that develops it (Wenger, Communities of Practice, 2006). We need to comprehend initially though that a Community of Practice is not the same as a team. John Brown and Estee Gray suggested in their 1995 article that “At the simplest level, they are a small group of people who’ve worked together over a period of time. Not a team, not a task force, not necessarily an authorised or identified...
Words: 1639 - Pages: 7
...WOULD YOU SUGGEST JERRY TAKE TO INCREASE EMPLOYEE UTILIZATION OF THE KNOWLEDGE-SHARING SYSTEM IN PARTICULAR? HOW CAN HE ENCOURAGE SIA EMPLOYEES TO SHARE INFORMATION? | 5 | 4. | Q3: WHAT GENERAL OBSTACLES WOULD YOU FORESEE IN A COMPANY SUCH AS SIA TRYING TO MAKE THE TRANSITION FROM A HIERARCHICAL, OR BUREAUCRATIC, TO A MORE COLLABORATIVE ORGANIZATION? WHAT ARE SOME GENERAL MEASURES MANAGERS CAN TAKE TO SMOOTH THE WAY? | 6 | 6. | CONCLUSION | 7 | 7. | REFERENCES | 8 | 8. | RELEVANCY OF ARTICLE | 9 | Introduction/ Summary SIA Corporation cannot continue to do business in the twentieth century, the old-fashioned way. Chief Knowledge Officer Jerry Seibert fully aware that he owed his new position in the newly created department of knowledge management to this challenge SIA is an umbrella organization providing a wide range of insurance products to commercial customers. Over the years, it has expanded to absorb the various insurance companies, until it now includes more than 30 different business units. Everyone has their own level, which is characterized by strong top-down management and clear rules and procedures, the typical insurance; almost every employee has specialized knowledge about a narrow niche market. Senior management had given the matter considerable attention, and that's fine division of SIA technical experts need to give way to a collaborative learning organization. Jerry's knowledge management department, located within the range of human resources to...
Words: 1849 - Pages: 8
...INTRODUCTION Mentoring is defined in an organizational context as a professional development tool, which takes the form of transfer of knowledge from an experienced person – termed as mentor – to a comparatively less senior person in the organization. Through mentoring professional knowledge and experience is transferred to a less experienced person (Hirschfeld, Thomas and Lankau, 2006). The goal of mentoring is to assist the mentee in personal and professional development. Learning and development in organizational contexts is closely associated with the concept of mentoring. Mentoring brings the values and practices focusing on continuing education and links integrated transmission of knowledge through a special link between two persons. Mentoring is an interpersonal relationship providing support, exchange and learning, in which an experienced person invests its ability and expertise to promote the development of another person to enable him to acquire skills and achieve career goals (Holmes, 2008). The mentor is an experienced person who has the confidence and wisdom to promote the transfer of its assets to others less experienced. A mentor is motivated and willing to offer their skills, knowledge and vision of life to a younger member of the organization to support attainment of personal and professional development goals (Gentry, Weber and Sadri, 2008). The mentee is a person in search of personal and professional fulfillment. The mentoring relationship is characterized...
Words: 2878 - Pages: 12
... Gen/200 Professional Knowledge As I Have explained in previous papers I have just recently started my own Tax office Business. The Company that influenced me to start this business was Corporate Financial services. This was the Company that I worked at for the 3 years before I figured out it was time for me to do this on my own. At this company I was trained and certified on how to prepare individual and business taxes. While at this company I learned the day to day business of what it takes to run a successful tax company. Working for this company for those three years made me wants to start my own business and get into the tax business. I gained so much knowledge on taxes and IRS information from just experiencing 1st hand working at corporate financial services on a day to day basis. I think working for this independent company is what motivating me to start my company just watching a group of people build a company from the ground up and become very successful financially and in the community. I learned how to prepare taxes and send them off to the irs.I gained some experience with working with people and gaining there trust with their information and that if you take care of your customer that they will come back to you on a year to year basis. I came into the business knowing I had a advantage on how to promote to get my clientele up cause I been running a promotion company...
Words: 603 - Pages: 3
...com/shop/acc201-module-1-case/ Data, Information, and Organizational Knowledge Assignment Overview Every company has, to a greater or lesser extent, an information subsystem -- that is, a means by which it gathers data, interprets it, and makes it available to employees through a distribution system. Whether we are talking about marketing information, cost projections, accounting results, or internal quality reports, every company depends on knowledge to support its planning, decision-making, and control. So how does knowledge fit into the picture? The emergence of the field called knowledge management has highlighted some key propositions in the last 10 years or so. All organizations are storehouses of knowledge that operate in information-rich environments made up of people and things both inside and outside the organization itself Organizations organize, interpret, and evaluate this information to solve organizational problems Knowledge is the primary mechanism for processing and utilizing information People's brains are the key knowledge resource of any organization Codified knowledge stored in books, audio, videotapes, and computer systems can be an important knowledge resource as well There are organizational processes and strategies for IT management and management in general. Therefore, processes and strategies in particular can significantly enhance the ability of organizations to use their knowledge resources for problem solving Several of these themes will come...
Words: 1369 - Pages: 6
...London School of Business & Management BTEC Levels 4 & 5 HND Business Centre No Unit No & Unit Title 79829 Unit 16: Managing Communications, Knowledge and Information HND Business Year 1 ( BTEC Level 4 ) Dr Knowledge Mpofu Improving Heathrow Airport - 3rd Runway Plans: Individual Assignment MCKI Assignment 24th September 2014 09th January 2015 Course Title Lecturer’s Name Assignment Title & Type Assignment Title Date Set Due Date Semester / Academic Year September 2014 Semester Unit Outcomes Covered: LO1. Understand how to assess information and knowledge needs LO2. Be able to create strategies to increase personal networking to widen involvement in the decision-making process LO3. Be able to develop communication processes LO4. Be able to improve systems relating to information and knowledge . GRADING OPPORTUNITIES AVAILABLE Outcomes/ Grade Descriptors AC1.1 AC1.2 AC1.3 AC1.4 AC2.1 AC2.2 AC2.3 AC2.4 AC3.1 AC3.2 AC3.3 AC3.4 √ √ √ √ √ √ √ √ √ √ √ √ Outcomes/ Grade Descriptors AC4.1 √ AC4.2 √ AC4.3 √ M1 √ M2 √ M3 √ D1 √ D2 √ D3 √ Assessor: Signature: ______________ Date: ___/___/___ Tutor Notes Dr Knowledge Mpofu September 2014 Semester 1 Key Points: Your assignment/report should be submitted by the deadline. The assignment must be your own work and original in all answers to the tasks. All sources used should be correctly referenced in Harvard format. You will be...
Words: 2931 - Pages: 12
...Deep Smarts Situations Who is he? Another Situation Complex Situation Others could not diagnose Good Judgment Rapid Decision Is he Smart? Is he an emotional intelligent? Is he brilliant? Who is he? “Deep Smart” Smart” “Go To People” Dorothy Leonard & Walter Swap Authors William J. Abernathy Professor of Business Administration Emerita Harvard Business School Professor of Psychology emeritus and former Chairman of the Psychology Department of Tufts University Author: Dorothy Leonard • • • • William J. Abernathy Professor of Business Administration Emerita, joined the Harvard faculty in 1983 3 yrs of teaching at the Sloan School of Management, MIT Has taught MBA courses in managerial leadership, corporate capabilities, new product and process design, technology strategy and innovation management Also served as a Director of Research for the Harvard Business School and Director Journals Published of Research and Knowledge Programs for Harvard Business School's non-profit 36 organization, HBS Interactive Education Chapter Written – – – – M. A. Ph.D. M.A. B.A. Harvard University (Honorary), 1992 Stanford University, Stanford, CA, 1979 University of Virginia, Charlottesville, VA, 1968 Principia College, Elsah, IL, summa cum laude, 1963 • 20 • • Served as Board of Directors in – – American Mgmt Systems, Fairfax, VA – 1992-2004 Gannett Communications, 1997-99 Been in Advisory Boards of – – – – – Prod Dev & Mgmt Association...
Words: 1276 - Pages: 6
... University of Phoenix MGT/426 Managing Change in the Workplace October 26, 2014 Diane Welhouse Article Review Creating a learning organization is a necessity for every business. Learning organizations can adapt to change and face challenges with positive results. Adalat Kahn’s article Creating Learning Organizations is a great resource on learning organizations. The information provides examples of why learning organizations are so important in the business world. Further, Kahn explains and defines what a learning organization is. This review will serve as a tool to analyze Kahn’s beliefs providing insight from the reader on topics discussed by Kahn. Defining a Learning Organization According to Kahn a learning organization is “an organization which as a whole develop its human resources on a continuous basis by developing new knowledge, skills, attitudes and strategies to achieve its goals” (Creating Learning Organizations, 1997, para. 4). This is a broad statement that requires explanation. Kahn further breaks down his ideas. He lists and explains the benefits of a culture that embraces continuous learning. One benefits of a learning organization is the power of knowledge. Companies that constantly acquiring knowledge are likely to be more innovative. They are quick to pick up and adjust to growing trends. Next, he explains that organizations that promote continuous learning release the full potential of their employees. Employees...
Words: 781 - Pages: 4
...to communicate information throughout the organization. Information system is the structure in any business by knowing how to use the system will enhance my skills. My learning has increased because I know by learning the components of information systems I will always continue to apply in my personal life and in any business environment to display my skills. With new technologies arising makes a threat on security, and privacy concerns. They are many ethical issues related to information technology for example, such as the increasing collection of personal data by private and governmental agencies. In addition, this makes new systems vulnerable, and the security can be breached by hackers. Information technology can be applicable in my workplace by better securing customer’s information. In addition, providing security controls by going the extra mile to safeguard customer’s information will secure controls and help build customers confidence. My knowledge has increased because I understand security, and I know I have to take steps to protect my computer by incorporating the software to safeguard information from hackers. By using word processing tools to communicate business objectives within the business environment using word processing tools is extremely useful in relaying information such as business documents through the use of word. The tools of word help produce business letters or memos or any documents to enhance the effectiveness and help achieve the objective on any...
Words: 321 - Pages: 2
