...(3)Knowledge Management(KM)is a fashionable business term. Explain what is meant by knowledge and knowledge management(KM), and evaluate why KM is central to the success of an organization. Knowledge Management (KM) is a newly developed business term. Thanks to the booming of information technology (especially the internet) from the 1990s, people could get information and knowledge much easier than before. As the integration of individuals, organizations need to process and manage even more information and knowledge. Therefore, the art of knowledge management becomes very crucial for modern organizations. Before talking about the term Knowledge Management, first we need to know clearly what knowledge is. The definition for knowledge is a traditional debate topic among the philosophers. The most well known definition is as Plato suggested; knowledge is a statement which must be justified, true and believed. However, as modern people, we need to define it in a modern way, just as Oxford English Dictionary describes knowledge as (i) expertise, and skills acquired by a person through experience or education; the theoretical or practical understanding of a subject, (ii) what is known in a particular field or in total; facts and information or (iii) awareness or familiarity gained by experience of a fact or situation. Personally, I think the most refined and inclusive way to describe knowledge is; the kind of information that describes the relationship between other information...
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...management of data, they can serve as huge knowledge bases and can be harnessed for all sorts of financial transactions owing to their processing power and storage capacities. As computers are a daily utility, they have gained immense importance in day-to-day life. Their increasing utility has made computer education the need of the day. By computer education, we mean, gaining the know-how of the basic concepts related to a computer and gaining the basic knowledge of computer operation. Knowing about the basic components of a computer, the basic concepts behind the use of computers and the know-how of some of the elementary computer applications constitutes computer education. Learning about the computer basics followed by a practical experience of using a computer is the key to computer education. As computers are widely used today, acquiring computer education is the need of the day. Computers are not only storage devices and processing units, but also are excellent communication media. They are the means to access the Internet and get connected to the world. They are also an effective audio-visual media. Computers can be used to access a vast knowledge base and search for information archives over the Internet. Only computer education can facilitate the use of computers for purposes of communication and entertainment. Computer knowledge coupled with certain other job skills increases one's chances of getting a job. Those with knowledge of computers are considered trainable...
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...describe web 2.0, is that it is a term used to describe the second generation of content that can be viewed on the internet. In order to fully understand what web 2.0 is, one must have a basic knowledge of how the internet works, and a little about how things used to be. In the past, most web pages would consist of basic graphics, a few photos and a email link. The page would not change until the owner updated it, and only basic interactions could be accomplished. As technology advanced, many different programs allowed the internet to become more interactive; allowing visitors the ability to customize pages, add content and essentially make the internet work to suit their personal needs and tastes. Websites incorporated vivid graphics and animations, pages that updated with real time information, and the ability to search sites to buy products via electronic storefronts. The term Web 2.0 was coined to describe this ‘next generation’ of internet experience. Web 2.0 has not only allowed business to grow and expand via the internet, but it has spawned a whole new way for people to connect via social networking. There have been more advances in technologies, and creative ways to use technology to help users find products, services and businesses that they need. The drawback with so much customization and information that can be obtained via the internet is that an end user can have a hard time discerning what is accurate and what is not. This can be seen on sites like...
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...Chiwai Lai Business 101 Dr. Asish Satpathy Reflective essay Am I better prepared today for my dream career (after taking this class)? Information trends to be the root in business world because any information could spread out all over the world in a moment by uploading to the Internet, where is as same as public. At this moment as I am a new student of University of California Riverside, my primary focus of my major of Business Administration is to understand and to analysis what business world is, how the trend of business goes, how business would runs and what elements of business world is accounted a higher percentage etc. Thinking of that Management of Information system (MIS) is the easiest class of the entire business school (SoBa) is my first thought about this course, but when this course was half way gone, then it turns out that I was wrong because MIS is involved many technologies and knowledge that are both simple and complicated, such as Microsoft Access and ArcGIS. Since that the course has given students many concept of MIS, and the basis of the basic concept in my point of view is that the information system is to provide information in order to support a manager to operate a company. As the basic, I would try to pursue a manager in my career life because manager is a challenging position of a company, and its job is to lead and to organize a group of employees to be efficient and performative to take any challenge of a company in order to achieve a goal...
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...Business Models for Internet Based E-Commerce B Mahadevan Introduction The meteoric growth of Internet based E-commerce at the turn of the last century is truly baffling. During the last one decade, this market space has grown in several directions. In its first generation, it saw the emergence of portals and search engines. However, in due course more and more organisations began to cater to the Business to Customer (B2C) market. In the last two years, there is significant growth in the Business to Business (B2B) segment. As several organisations began to operate in the Internet market space, they innovated unique propositions to create value in the process. These were either not found or difficult to replicate in the traditional brick and mortar operation. This course will help the students understand these unique propositions in a unified framework. The framework is collectively referred to as "Business Models". An Internet based business has several dimensions: · · · · the technology aspect primarily comprising of telecommunication, networking and other infrastructure issues the software domain that includes programming languages, web page design, customer interface and transactions management, security and privacy management, and large scale data mining the management aspect that deals with the business strategies for value creation, growth and customer development and retention the statutory and legal dimension that addresses various cyber laws dealing with security...
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...Republic of the Philippines OCCIDENTAL MINDORO STATE COLLEGE Rizal Street, San Jose, Occidental Mindoro Website: www.omsc.edu.ph Email address: omsc_9747@yahoo.com Telefax No.: (043) 491-1460 COLLEGE OFARTS, SCIENCES AND TECHNOLOGY VISION: OCCIDENTAL MINDORO STATE COLLEGE is envisioned to be an agent of change for the development of the total person responsive to the challenges of globalization. MISSION: To train and develop a new breed of highly competitive, innovative, resourceful and values-oriented graduate through quality instruction, relevant research, community based extension and sustainable production. Department Goal: The Information Technology shall provide its students with the necessary knowledge, values and skills through research – basedendeavor in order to prepare them to meet the demands and challenges of the time. Program: BACHELOR OF SCIENCE IN INFORMATION TECHNOLOGY Program Objectives: The BS Information technology program includes the study of the utilization of both hardware and software technologies involving planning, installing, customizing, operating, managing and administering, and maintaining information technology infrastructure that provides computing solutions to address the needs of an organization. The program prepares graduates to address various users’ needs involving the selection, development, application, integration and management of computing technologies within an organization Course Title: Free Elective II...
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...that means the entire world — not just the richest, most developed countries. We’ve made good progress, and today we connect more than billion people through Facebook each month. But as we started thinking about connecting the next 5 billion people, we realized something important: the vast majority of people in the world don’t have any access to the internet. Below, I’ll discuss the state of the internet today, why connectivity is such an important problem for the world, the major issues we’ll need to solve — technical, social and economic — and then I’ll outline a rough plan to accomplish this goal. I’m focused on this because I believe it is one of the greatest challenges of our generation. The unfair economic reality is that those already on Facebook have way more money than the rest of the world combined, so it may not actually be profitable for us to serve the next few billion people for a very long time, if ever. But we believe everyone deserves to be connected. The state of the internet Today, only billion people — a little more than one third of the world’s population — have internet access. Even more surprising, internet adoption is growing by less than 9% each year, which is slow considering how early we are in its development and that it is expected to slow further. There are more than 5 billion mobile phones in the world, with almost 4 billion feature phones and more than 1 billion smartphones. As smartphone prices come down, many people who currently have feature...
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...automate the handling of data about business transactions like exchanging money to purchase an item. It is basic business systems that serve the operational level of the organization by recording the daily transactions required to operate business. Apple Inc. usually conduct its transactions in many ways such as the cashiers in the Power Mac Store and iTunes application or through an internet browser where consumers purchase products online. Every transactions are recorded via an invoice or an online receipt. Apple Inc. can uses smart phone credit card readers and mobile transaction processing systems. (https://kaurilambert.files.wordpress.com/2015/04/phase-1.pdf ) The goal of transaction processing system development is to improve the process by speeding it up, using fewer people, improving efficiency and accuracy, integrating it with other organizational information...
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...Challenges and how to overcome them Even during the most downtrodden of economic times and perhaps even more during those times, the dream of starting a new business venture burns brightly in many people’s minds. The advantages of having a small online business range from lower start-up costs than brick-and-mortar operations to more streamlined administration. But successfully running an online business is far from easy. The moment a business decides to enter the online world, the very first challenge is creating a reliable website. A good designer can accomplish this, but a high-quality website is more than just visual attraction; it should also function smoothly and be designed for carrying out business. So the first issue that we faced is lack of computer expertise. We needs to possess more than a basic knowledge of the Internet to do business online. Necessary skills include knowing how to set up a website for business purposes and how to market our business online. Instead of this, we had do observation or google searching and read for relevant article or teaching materials either technology resources or visitor engagement resources. Another issue is limitations of business types. Some types of businesses may not be suited for the Internet, particularly those products involve the use of the senses. For example, if the unique selling point of our product is its pleasant aroma. After we decides to selling snacks online we just realise that we are facing this problem. So we...
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...the extent to which age, level of education, nature of work and experience affects the financial literacy levels of Master of Business Administration students of Federal University of Technology, Owerri Nigeria. It equally assesses the extent to which gender difference discriminates in financial decision making, as there seems to be inconclusive notion that female students are better at financial decision making than their male counterpart. Students who took a three credit hours course in Financial Economics during the 2009/2010 academic session as well as participated in a financial literacy capacity program jointly organized by GTBank Plc and SIFE a part of the continuous assessment for the course constituted the study population. Quota and simple random sampling was adopted in the selection of 165 respondents whose responses provided the primary data used for analysis. Correlation coefficients and linear regression tools were adopted for analysis. The conclusion of the study based on results obtained is that gender difference though having inverse correlation with financial literacy level is not a significant predictor of financial literacy level, implying that there is no valid evidence to substantiate the opinion that female students are better at financial decision making than their male counterparts. Keywords: Financial Literacy, Capacity, Knowledge, Sustainable, Human Development, Poverty INTRODUCTION The failure of the revolving pension scheme has necessitated the introduction...
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...demonstrate your knowledge of two main goals: • Your knowledge of the primary concepts presented in the course • How you interpret and then initiate that knowledge and understanding in a fictional business situation The requirements of this paper are common to the basic tasks of H.R. Professionals and/or Operations Managers. Whether your career is in H.R. or as a Manager, the tasks below are very common to both careers. Your final paper will be evaluated on a number of criteria including your demonstrated knowledge of text book concepts regarding each HRM and then, your planned and specific actions based upon your knowledge and understanding of your chosen business to address and solve that specific problem. The Scenario: You: Are the newly hired Human Resources Manager (HRM) of the company you’ll choose below and you report to Mr. Johnson. You’ve been hired to address issues existing within your company and that require your immediate attention. Your Company: You decide which business you work for. In the Additional Learning Resources of Unit 1, you'll find the Sample Business Plans link. Once at the Center for Business Planning/MOOT CORP. Competition, you’ll find 28 fictional businesses starting with 2MBA, SanaSana, Fabrica, Vusion, JetFan Technology and others listed in the Internet Services (6), Services (8) and Products (9) sections. These businesses are the only options to do your final paper on. It's sug-gested that you choose a business that best suits...
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...Personal Development Portfolio The following personal development portfolio of Rizwan Abubakar is established for a time frame of five years, starting from 1. June 2013 to 31. May 2018. 1. Executive Summary This is a reflection of my development strategies for the next five years which includes my career plan, objectives, SWOT analysis, mission, vision etc. This also includes my enthusiastic involvement in many activities outside of the academic circle which is critical aspect of this Personal Development Portfolio. By doing this I will develop my understanding of differentiated instruction including planning lessons using principles from understanding by design, so that I will be able to reach a higher level of understanding as evidenced by assessments, student surveys, reflection, and participation. Background I am Rizwan Abubakar from India, My father is a retired supervisor and my mother works as an assistant in a Government office. I’ve a sister who is younger to me who is studying in junior college. India is very diverse in culture. Being born in India has made me understand and value different cultures, religions. I belong to a muslim family. I personally believe India is a best example of democracy. There are many different religions, cultures, languages which exist side by side. I speak 4 different languages Hindi, English, Urdu, Kannada. Education I did my schooling in Mysore a city in southern part of India. I did my primary and high...
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...cover collaboration tools and Internet technologies and their use in meeting business goals. Reviewing some of the chapter one readings will help you with the other chapters. You will become familiar with Internet terminology, such as B2B, B2C, B2G, Web 2.0, and Social CRM. Knowledge of collaboration tools can make you very marketable as a business manager, because many companies use these tools in their team work. This week covers using these collaboration tools to improve communication as well as document sharing. Internet and Collaboration Tools OBJECTIVE: Determine how and when to use Internet technologies in business. Resources: Ch. 1 & 8 of MIS Essentials Content • Ch. 1: The Importance of MIS o Q1: Why is Introduction to MIS the Most Important Class in the Business School? o Q2: What is an Information System? o Q3: What is MIS? o Q4: Why is the Difference Between Information Technology and Information Systems Important to You? o Q5: What is Your Role in IS Security? • Ch. 8: E-Commerce, Web 2.0, and Social Networking o Q1: What Types of Interorganizational Systems Exist? o Q2: How do Companies use E-Commerce? o Q3: Why is Web 2.0 Important to Business? o Q4: How Does Social Capital Benefit You and Organizations? o Q5: How Does Social CRM Empower Customers? OBJECTIVE: Determine collaboration tool needs based on business function. Resources: Chapter Extension 2 of MIS Essentials, Article One of Business Week.com, and Article One of...
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...marks) Paper 2: Law, Ethics and Communication Part I: Law (60 marks) Business Laws (30 marks) Company Law (30 marks) Part II: Business Ethics (20 marks) Part III: Business Communication (20 marks) Paper 3: Cost Accounting and Financial Management Part I: Cost Accounting (50 marks) Part II: Financial Management (50 marks) Paper 4: Taxation Part I: Income-tax (50 marks) Part II: Service Tax (25 marks) and VAT (25 marks) Group II Paper 5: Advanced Accounting (100 marks) Paper 6: Auditing and Assurance (100 marks) Paper 7: Information Technology and Strategic Management Section A: Information Technology (50 marks) Section B: Strategic Management (50 marks) The level of knowledge expected of students in the above subjects is ‘working knowledge’. INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC) Syllabus GROUP I OF IPCC/ ACCOUNTING TECHNICIAN COURSE (ATC) Paper 1: Accounting (One paper – three hours – 100 marks) Level of Knowledge: Working Knowledge Objectives: (a) (b) (c) (d) To lay a foundation for the preparation and presentation of financial statements; To gain working knowledge of the principles and procedures of accounting and their application to different practical situations; To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies; and To familiarize students with the fundamentals of computerized system of accounting. Contents 1. 2. A General Knowledge of the framing of the accounting standards, national and international...
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...Chapter One Foundations of Information Systems in Business Jerry Chih-Ching Chiang NDHU, 9/30-10/14/2014 Learning Objectives #1-2 Understand the concept of a system and how it relates to information systems Provide examples of the components of real world information systems Explain why knowledge of information systems is important for business professionals, and identify five areas of information systems knowledge they need Give examples to illustrate how the business applications of information systems can support a firm’s • business processes • managerial decision making • strategies for competitive advantage 2-61 Learning Objectives #2-2 Provide examples of several major types of information systems from your experiences with business organizations in the real world Identify several challenges that a business manager might face in managing the successful and ethical development and use of information technology in a business Demonstrate familiarity with the myriad of career opportunities in information systems 3-61 Agenda Introduction System Information Management Changing World and New Economy Types of IS IS Development and Success, Challenges, Opportunities, and Ethics of IT, and Career Opportunities 4-61 Introduction 5-61 IT Market & Investment Statistics The overall information and communications technology market grew by 6 percent to almost $3...
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