Monday, May 25, 2020
Sample details Pages: 9 Words: 2704 Downloads: 8 Date added: 2017/06/26 Category Management Essay Type Narrative essay Did you like this example? ÃâÃ In the twenty first century landscape with all its uncertainty and dynamism, many firms are competing in a complex andÃâÃ challenging environment which is being transformed by many factors ranging from globalization, technologicalÃâÃ development and increasingly rapid diffusion of technology, to the development and use of knowledge (Hitt, Keats, andÃâÃ DeMarie, 1998).ÃâÃ As such, the foundation of organizational competitiveness has shifted from an emphasis on physical and tangibleÃâÃ resources to knowledge (Wong and Aspinwall, 2005) and managing knowledge-based resources has become the key forÃâÃ sustaining competitive advantage (CA) and superior performance (Grant, 1996b; Grover and Davenport, 2001; Jackson,ÃâÃ Hitt, and DeNisi, 2003; Sharkie, 2003; and Teece, Pisano, and Shuen, 1997). To deal with this enhancedÃâÃ dynamism and uncertainty of the business environment, one of the current strategic philosophies assis ting firms to develop strategic capabilities is the knowledge management. It helps the organizations to systematically acquire,ÃâÃ create, share, and use knowledge so as to develop, renew, and exploit theirÃâÃ knowledge-based resources, thereby allowing them to be proactive and adaptable to externalÃâÃ changes and attain competitive success.Ãâ . DonÃ¢â¬â¢t waste time! Our writers will create an original "Knowledge Management A Competitive Advantage Business Essay" essay for you Create order Review literature:- Under the light of the previous researches, some researchersÃâÃ (Davenport and Prusak, 1998; (Zack, 1999) (Alavi Leidner, 2001) noted that competitive advantage isÃâÃ realized only when the organizations tracking methodsÃâÃ and ways are efficient and distinctive and one of thoseÃâÃ ways is through the knowledge management of the organizationÃâÃ that have achieved competitive advantage not forÃâÃ a specific period, but a long term.ÃâÃ (Gupta Mcdaniel, 2002) studied knowledge managementÃâÃ and competitive advantage by examining theÃâÃ vital link between the management of knowledge inÃâÃ contemporary organizations and the development of aÃâÃ sustainable competitive advantage. The used variablesÃâÃ are conceptualized in terms of organizational effectiveness,ÃâÃ efficiency, core competency, costs; knowledgeÃâÃ acquirement, knowledge filtering, knowledge configuration,ÃâÃ knowledge dissemination and knowledge ap plication. (Goh, 2005) also identified that the field of knowledgeÃâÃ management has emerged strongly as the next source ofÃâÃ competitive advantage. (Ismail Ong, 2008). Emphasized that firms canÃâÃ achieve the sustainable competitive advantage by informationÃâÃ technology facilities. He sees that even if a firmÃâÃ owned the most sophisticated information technologyÃâÃ facilities which are impossible for the competitors toÃâÃ imitate or substitute, and for sure it is rare, but if there isÃâÃ no knowledgeable personnel in the organization, or the knowledgeable personnel in the organization is not willingÃâÃ to utilize these facilities, these facilities would not generateÃâÃ any value to the organization. Obviously, to achieveÃâÃ sustainable competitive advantage, knowledge, willingnessÃâÃ to use operations and availability of facilities mustÃâÃ co-exist.ÃâÃ Hence, the question before the organizations is how shoul d theyÃâÃ develop a knowledge management system to coordinateÃâÃ people, technology and infra-structure to createÃâÃ advantages competitiveness and sustainability inÃâÃ business environments? Knowledge:- Knowledge is a different term from data and information. Data is simply raw facts, measurements etc. Information is organized or processed data that is timely and accurate. Knowledge as defined by (Tiwana, 2000) is the actionable (relevant) information available in the right format, at the right time, and at the right place for decision making. For example, sales of a particular year will be simply data, if we process the sales data and find sales in the north region is more, it will be information. By applying our experience we can conclude that south region requires more marketing efforts than north, it is knowledge. Knowledge is a valuable source for the organization because it helps the organization in taking important decisions in the rapid changing business environment. Knowledge is dynamic in nature. This implies that todays knowledge may well become tomorrows ignorance if an organization fails to update knowledge as environmental conditions change. Definition of Knowledge Management:- Knowledge management is an emerging concept and has got many different definitions. The term knowledge management was first introduced in a 1986 in a European management conference. Alternative definitions have been proposed since that attempt to capture the complexities of knowledge management. The 20ÃâÃ American Productivity and Quality Center defined knowledge management as the strategies and processes of identifying, capturing and leveraging knowledge. (knapp, 1998) defined knowledge management as the art of transforming information and intellectual assets into enduring value for an organizations clients and its people. Darroch also defined knowledge management as the process that creates or locates knowledge and manages the sharing, dissemination, and use of knowledge within the organization. ÃâÃ The traditional definitions of knowledge management focused only on the knowledge that is recognized and already articulated in some form. However, increasingly, knowledge m anagement is also incorporating the managing of important tacit knowledge (Sabherwal ÃâÃ Becerra-Fernandez, 2003). Davenport and Prusak (1998) defined knowledge ÃâÃ management as the management of a corporations knowledge through a systematic and ÃâÃ organizational specified process for acquiring, organizing, sustaining, applying, sharing, ÃâÃ and renewing both tacit and explicit knowledge from employees to improve ÃâÃ organizational performance and to create value. ÃâÃ Wiig (1994) suggested that knowledge management in an organization must be ÃâÃ considered from three perspectives, each with different scopes and purposes: (a) aÃâÃ business perspective focusing on why, where, and to what extent the organization must ÃâÃ invest in or exploit knowledge, and which strategies, products and services, alliances, ÃâÃ acquisitions, or divestments should be considered from a knowledge-related point of view; ÃâÃ (b) a management perspec tive focusing on determining, organizing, directing, and ÃâÃ monitoring knowledge-related activities required to achieve the desired business strategies and objectives; and (c) a hands-on operational perspective focusing on ÃâÃ applying the professional skill to conduct explicit knowledge-related work and tasks. ÃâÃ In fact, knowledge management is a principle that is aimed at satisfying and exceeding the customers expectations (Keskin, 2005). Knowledge management is a relatively new business philosophy. The goal of knowledge management is to identify, capture, store, maintain, and deliver useful knowledge in a meaningful form to anyone who needs it, anyplace and anytime, within an organization. Knowledge management is about sharing and collaborating at the organizational level. Knowledge management has the potential to revolutionize the way we share expertise, make decisions, and conduct business. History of knowledge management:- Knowledge management era started with the use of different programs which include on-the-job discussions, formal apprenticeship,ÃâÃ discussion forums, corporate libraries, professional training and mentoring programs. The use of computers in the second half of 20th century brought a revolution in the knowledge management field. It resulted in the specificÃâÃ adaptationsÃâÃ of technologies such asÃâÃ knowledge bases,ÃâÃ expert systems,ÃâÃ knowledge repositories,ÃâÃ group decision support systems,ÃâÃ intranets, andÃâÃ computer-supported cooperative workÃâÃ which developed the emerging knowledge management field to a large extent. In 1999, the termÃâÃ personal knowledge managementÃâÃ was introduced which refers to the management of knowledge at the individual level (Wright, 2005). In terms of the enterprise, early collections of case studies recognized the importance of knowledge management dimensions of strategy, proce ss, and measurement (Morey, Maybury Thuraisingham 2002. Recently with the use of theÃâÃ Web 2.0, the concept of Knowledge Management has taken into consideration the participation of people andÃâÃ emergence. This line of evolution is termedÃâÃ Enterprise 2.0ÃâÃ (McAfee 2006). However, there is an ongoing debate and discussions (Lakhani McAfee 2007) as to whetherÃâÃ Enterprise 2.0ÃâÃ is just a fad that does not bring anything new or useful or whether it is, indeed, the future of knowledge management (Davenport T. , 2008) Knowledge management cycle:- TheÃâÃ knowledgeÃâÃ managementÃâÃ cycleÃâÃ asÃâÃ givenÃâÃ byÃâÃ TurbanÃâÃ involvesÃâÃ sixÃâÃ steps.ÃâÃ ToÃâÃ keepÃâÃ theÃâÃ knowledgeÃâÃ managementÃâÃ systemÃâÃ effective,ÃâÃ theÃâÃ knowledgeÃâÃ hasÃâÃ toÃâÃ beÃâÃ updatedÃâÃ withÃâÃ time.ÃâÃ TheÃâÃ knowledgeÃâÃ managementÃâÃ cycleÃâÃ worksÃâÃ asÃâÃ follows:- CreateÃâÃ knowledge:ÃâÃ ÃâÃ knowledgeÃâÃ creationÃâÃ isÃâÃ theÃâÃ generationÃâÃ ofÃâÃ newÃâÃ ideas,ÃâÃ insightsÃâÃ orÃâÃ routin.ÃâÃ ItÃâÃ involvesÃâÃ developingÃâÃ newÃâÃ waysÃâÃ ofÃâÃ doingÃâÃ thingsÃâÃ orÃâÃ developsÃâÃ knowhow.ÃâÃ SometimesÃâÃ newÃâÃ knowledgeÃâÃ isÃâÃ broughtÃâÃ inÃâÃ orÃâÃ sometimesÃâÃ ownÃâÃ knowledgeÃâÃ isÃâÃ improved . CaptureÃâÃ knowledge:ÃâÃ ÃâÃ newÃâÃ knowledgeÃâÃ mustÃâÃ beÃâÃ identifiedÃâÃ asÃâÃ valuableÃâÃ andÃâÃ beÃâÃ representedÃâÃ inÃâÃ aÃâÃ reasonableÃâÃ way. RefineÃâÃ knowledge:ÃâÃ ÃâÃ newÃâÃ knowledgeÃâÃ mustÃâÃ beÃâÃ placedÃâÃ inÃâÃ contextÃâÃ soÃâÃ thatÃâÃ itÃâÃ isÃâÃ reused.ÃâÃ ThatÃâÃ isÃâÃ whereÃâÃ humanÃâÃ insightsÃâÃ mustÃâÃ beÃâÃ capturedÃâÃ alongÃâÃ withÃâÃ explicitÃâÃ facts. StoreÃâÃ knowledge usefulÃâÃ knowledgeÃâÃ mustÃâÃ beÃâÃ storedÃâÃ inÃâÃ knowledgeÃâÃ repositoryÃâÃ soÃâÃ thatÃâÃ others inÃâÃ anÃâÃ organizationÃâÃ canÃâÃ accessÃâÃ it. ManageÃâÃ knowledge:ÃâÃ ÃâÃ aÃâÃ knowledgeÃâÃ repositoryÃâÃ mustÃâÃ beÃâÃ updatedÃâÃ soÃâÃ thatÃâÃ itÃâÃ holdsÃâÃ theÃâÃ currentÃâÃ dataÃâÃ thatÃâÃ isÃâÃ relevantÃâÃ andÃâÃ accurate. Create knowledge Capture knowledge Refine knowledge Store knowledge Manage knowledge Disseminate knowledge DisseminateÃâÃ knowledge: knowledgeÃâÃ mustÃâÃ beÃâÃ madeÃâÃ availableÃâÃ inÃâÃ aÃâÃ rightÃâÃ formatÃâÃ toÃâÃ anyoneÃâÃ inÃâÃ theÃâÃ organizationÃâÃ whoÃâÃ needsÃâÃ it,ÃâÃ anywhereÃâÃ andÃâÃ anytime. ÃâÃ (turban, sharda, delen) BenefitsÃâÃ ofÃâÃ knowledgeÃâÃ management:- WithinÃâÃ theÃâÃ usageÃâÃ ofÃâÃ KnowledgeÃâÃ Management,ÃâÃ theÃâÃ companyÃâÃ canÃâÃ haveÃâÃ followingÃâÃ advantages:- InnovationÃâÃ withÃâÃ theÃâÃ helpÃâÃ ofÃâÃ flowÃâÃ ofÃâÃ ideas:Ãâ TheÃâÃ knowledgeÃâÃ managementÃâÃ programsÃâÃ canÃâÃ allowÃâÃ employeesÃâÃ andÃâÃ departmentsÃâÃ toÃâÃ seeÃâÃ theÃâÃ overall statusÃâÃ ofÃâÃ theÃâÃ companyÃâÃ aboutÃâÃ aÃâÃ specificÃâÃ developmentÃâÃ field.ÃâÃ WithÃâÃ theÃâÃ helpÃâÃ ofÃâÃ thisÃâÃ ability,ÃâÃ newÃâÃ ideasÃâÃ andÃâÃ innovativeÃâÃ techniquesÃâÃ canÃâÃ beÃâÃ emergedÃâÃ withÃâÃ respectÃâÃ toÃâÃ theÃâÃ existingÃâÃ knowledge. ImprovingÃâÃ theÃâÃ customerÃâÃ satisfactionÃâÃ byÃâÃ reducingÃâÃ theÃâÃ responseÃâ Ã time: WithÃâÃ theÃâÃ helpÃâÃ ofÃâÃ theÃâÃ KnowledgeÃâÃ ManagementÃâÃ usage,ÃâÃ theÃâÃ employeesÃâÃ ofÃâÃ theÃâÃ companyÃâÃ willÃâÃ beÃâÃ ableÃâÃ toÃâÃ findÃâÃ theÃâÃ opportunityÃâÃ ofÃâÃ appropriateÃâÃ solutionsÃâÃ toÃâÃ customersÃâÃ withÃâÃ anÃâÃ acceptableÃâÃ responseÃâÃ timeÃâÃ becauseÃâÃ KMÃâÃ willÃâÃ allowÃâÃ themÃâÃ toÃâÃ findÃâÃ theÃâÃ necessaryÃâÃ informationÃâÃ aboutÃâÃ theÃâÃ demandÃâÃ ofÃâÃ theÃâÃ customerÃâÃ moreÃâÃ relativelyÃâÃ andÃâÃ rapidly. IncreasingÃâÃ theÃâÃ revenues: WithÃâÃ theÃâÃ helpÃâÃ ofÃâÃ theÃâÃ KM,ÃâÃ theÃâÃ necessaryÃâÃ productÃâÃ andÃâÃ serviceÃâÃ thatÃâÃ theÃâÃ companyÃâÃ providesÃâÃ willÃâÃ beÃâÃ locate dÃâÃ inÃâÃ theÃâÃ market,ÃâÃ withÃâÃ theÃâÃ helpÃâÃ ofÃâÃ theÃâÃ rapidÃâÃ interdepartmentalÃâÃ communicationÃâÃ toÃâÃ useÃâÃ theÃâÃ rightÃâÃ informationÃâÃ atÃâÃ theÃâÃ rightÃâÃ time. KeepingÃâÃ employeeÃâÃ dynamic:Ãâ TheÃâÃ employeesÃâÃ areÃâÃ importantÃâÃ toÃâÃ beÃâÃ keptÃâÃ aliveÃâÃ duringÃâÃ criticalÃâÃ transactions.ÃâÃ WithÃâÃ theÃâÃ helpÃâÃ ofÃâÃ KnowledgeÃâÃ Management,ÃâÃ theÃâÃ informationÃâÃ systemÃâÃ thatÃâÃ containsÃâÃ theÃâÃ functionsÃâÃ ofÃâÃ KMÃâÃ canÃâÃ recordÃâÃ theÃâÃ valueÃâÃ ofÃâÃ everyÃâÃ employeeÃâÃ andÃâÃ allowsÃâÃ managersÃâÃ toÃâÃ rewardÃâÃ themÃâÃ ifÃâÃ theyÃâÃ haveÃâÃ criticalÃâÃ additionsÃâÃ toÃâÃ theÃâÃ business ÃâÃ processÃâÃ transactionsÃâÃ ofÃâÃ theÃâÃ company. ProcessÃâÃ reduction:Ãâ WithÃâÃ theÃâÃ helpÃâÃ ofÃâÃ KM,ÃâÃ theÃâÃ costsÃâÃ andÃâÃ amountÃâÃ operationsÃâÃ canÃâÃ beÃâÃ reducedÃâÃ byÃâÃ eliminatingÃâÃ theÃâÃ redundancyÃâÃ ofÃâÃ processÃâÃ phasesÃâÃ andÃâÃ unnecessaryÃâÃ ones. SustainedÃâÃ competitiveÃâÃ advantage: ÃâÃ KMÃâÃ canÃâÃ allowÃâÃ companiesÃâÃ toÃâÃ increaseÃâÃ theÃâÃ importanceÃâÃ ofÃâÃ intellectualÃâÃ propertiesÃâÃ andÃâÃ knowledge-basedÃâÃ assetsÃâÃ thatÃâÃ canÃâÃ beÃâÃ costlyÃâÃ toÃâÃ imitateÃâÃ nÃâÃ theÃâÃ marketÃâÃ thatÃâÃ theÃâÃ companyÃâÃ locatesÃâÃ in.ÃâÃ ThisÃâÃ canÃâÃ helpÃâÃ theÃâÃ companyÃâÃ toÃâÃ haveÃâÃ aÃâÃ com petitiveÃâÃ advantageÃâÃ inÃâÃ aÃâÃ long-termÃâÃ period. KnowledgeÃâÃ managementÃâÃ canÃâÃ improveÃâÃ theÃâÃ totalÃâÃ efficiency,ÃâÃ productivityÃâÃ andÃâÃ revenuesÃâÃ inÃâÃ anyÃâÃ businessÃâÃ transactionÃâÃ ifÃâÃ itÃâÃ canÃâÃ beÃâÃ usedÃâÃ well. CompetitiveÃâÃ advantage:- Ãâ AsÃâÃ theÃâÃ globalÃâÃ competitionÃâÃ becomesÃâÃ increasinglyÃâÃ fierce,ÃâÃ howÃâÃ toÃâÃ achieveÃâÃ competitiveÃâÃ advantageÃâÃ startsÃâÃ obtainingÃâÃ moreÃâÃ attention. (Barney J. , 1991) notedÃâÃ thatÃâÃ whenÃâÃ anÃâÃ organizationÃâÃ isÃâÃ implementingÃâÃ aÃâÃ valueÃâÃ creatingÃâÃ strategyÃâÃ notÃâÃ simultaneouslyÃâÃ beingÃâÃ implementedÃâÃ byÃâÃ anyÃâÃ currentÃâÃ orÃâÃ potentialÃâÃ rivals,ÃâÃ thenÃâÃ theÃâÃ organizationÃâÃ hasÃâÃ aÃâÃ competitiveÃâÃ advantage.ÃâÃ AndÃâÃ whenÃâÃ otherÃâÃ organizationsÃâÃ areÃâÃ unableÃâÃ toÃâÃ copyÃâÃ theÃâÃ benefitsÃâÃ ofÃâÃ thisÃâÃ strategy,ÃâÃ itÃâÃ confirmsÃâÃ thatÃâÃ theÃâÃ organizationÃâÃ hasÃâÃ aÃâÃ sustainableÃâÃ competit iveÃâÃ advantage.ÃâÃ InÃâÃ 2008,ÃâÃ BarneyÃâÃ distinguishedÃâÃ twoÃâÃ typesÃâÃ ofÃâÃ competitiveÃâÃ advantage:ÃâÃ temporaryÃâÃ andÃâÃ sustainableÃâÃ competitiveÃâÃ advantage.ÃâÃ AccordingÃâÃ toÃâÃ him,ÃâÃ competitiveÃâÃ advantageÃâÃ typicallyÃâÃ resultsÃâÃ inÃâÃ highÃâÃ profits,ÃâÃ butÃâÃ theseÃâÃ profitsÃâÃ attractÃâÃ competition,ÃâÃ andÃâÃ competitionÃâÃ limitsÃâÃ theÃâÃ durationÃâÃ ofÃâÃ competitiveÃâÃ advantageÃâÃ inÃâÃ mostÃâÃ cases,ÃâÃ therefore,ÃâÃ mostÃâÃ competitiveÃâÃ advantageÃâÃ isÃâÃ temporary.ÃâÃ OnÃâÃ theÃâÃ otherÃâÃ hand,ÃâÃ someÃâÃ competitiveÃâÃ advantagesÃâÃ areÃâÃ sustainableÃâÃ ifÃâÃ competitorsÃâÃ areÃâÃ unableÃâÃ toÃâÃ imitateÃâÃ theÃâÃ sourceÃâ Ã ofÃâÃ advantageÃâÃ orÃâÃ ifÃâÃ noÃâÃ oneÃâÃ conceivesÃâÃ aÃâÃ betterÃâÃ offering.ÃâÃ Furthermore,ÃâÃ refers (Al-hawary hani, 2009) toÃâÃ competitiveÃâÃ advantageÃâÃ as,ÃâÃ toÃâÃ createÃâÃ someÃâÃ barriersÃâÃ thatÃâÃ makeÃâÃ firmsÃâÃ performanceÃâÃ imitationÃâÃ difficult.ÃâÃ ThatÃâÃ is,ÃâÃ sinceÃâÃ theÃâÃ competitiveÃâÃ advantageÃâÃ isÃâÃ atÃâÃ theÃâÃ heartÃâÃ ofÃâÃ firmsÃâÃ performance,ÃâÃ itÃâÃ shouldÃâÃ protectÃâÃ itselfÃâÃ fromÃâÃ beingÃâÃ despoiledÃâÃ andÃâÃ assimilateÃâÃ newÃâÃ sourcesÃâÃ ofÃâÃ technologies,ÃâÃ skills,ÃâÃ andÃâÃ coreÃâÃ competencies. MichaelÃâÃ portersÃâÃ conceptÃâÃ ofÃâÃ competitiveÃâÃ advantage:- AccordingÃâÃ toÃâÃ porter,ÃâÃ whenÃâÃ aÃâÃ firmsÃâÃ profitsÃâÃ areÃâÃ moreÃâÃ thanÃâÃ theÃâÃ industry,ÃâÃ itsÃâÃ saidÃâÃ toÃâÃ haveÃâÃ aÃâÃ competitiveÃâÃ advantage.ÃâÃ MichaelÃâÃ porterÃâÃ identifiedÃâÃ twoÃâÃ typesÃâÃ ofÃâÃ competitiveÃâÃ advantage:- costÃâÃ advantage differentiationÃâÃ advantage CostÃâÃ advantageÃâÃ isÃâÃ enjoyedÃâÃ byÃâÃ theÃâÃ firmÃâÃ whenÃâÃ itÃâÃ producesÃâÃ theÃâÃ sameÃâÃ productÃâÃ asÃâÃ itsÃâÃ competitorsÃâÃ butÃâÃ atÃâÃ aÃâÃ lowerÃâÃ cost.ÃâÃ DifferentiationÃâÃ advantageÃâÃ resultsÃâÃ whenÃâÃ aÃâÃ firmÃâÃ deliversÃâÃ benefitsÃâÃ thatÃâÃ exceedÃâÃ thoseÃâÃ ofÃâÃ competingÃâÃ products.ÃâÃ ThusÃâÃ aÃâÃ competitiveÃâÃ advanta geÃâÃ enablesÃâÃ theÃâÃ firmsÃâÃ toÃâÃ deliverÃâÃ superiorÃâÃ valueÃâÃ toÃâÃ customersÃâÃ andÃâÃ superiorÃâÃ profitsÃâÃ forÃâÃ itself. Ãâ KnowledgeÃâÃ managementÃâÃ aÃâÃ competitiveÃâÃ advantage:-Ãâ KnowledgeÃâÃ managementÃâÃ helpsÃâÃ inÃâÃ gainingÃâÃ competitiveÃâÃ advantageÃâÃ inÃâÃ theÃâÃ followingÃâÃ ways:- KnowledgeÃâÃ managementÃâÃ canÃâÃ IncreaseÃâÃ productivityÃâÃ ofÃâÃ anÃâÃ organizationÃâÃ byÃâÃ applyingÃâÃ effectiveÃâÃ organizationalÃâÃ knowledgeÃâÃ management.ÃâÃ ByÃâÃ havingÃâÃ yourÃâÃ knowledgeÃâÃ processesÃâÃ inÃâÃ aÃâÃ structure,ÃâÃ itÃâÃ willÃâÃ allowÃâÃ thoseÃâÃ withÃâÃ theÃâÃ necessaryÃâÃ knowledgeÃâÃ toÃâÃ quicklyÃâÃ shareÃâÃ orÃâÃ applyÃâÃ itÃâÃ andÃâÃ youÃâÃ canÃâÃ reduceÃâÃ wastefulÃâÃ meetingsÃâÃ andÃâÃ inefficientÃâÃ knowledgeÃâÃ bottlenecks.ÃâÃ ThisÃâÃ willÃâÃ helpÃâÃ youÃâÃ getÃâÃ moreÃâÃ workÃâÃ hoursÃâÃ fromÃâÃ yourÃâÃ em ployeesÃâÃ andÃâÃ createÃâÃ aÃâÃ costÃâÃ advantage. TheÃâÃ technologicalÃâÃ solutionsÃâÃ canÃâÃ beÃâÃ appliedÃâÃ inÃâÃ anÃâÃ organizationÃâÃ forÃâÃ knowledgeÃâÃ dispersalÃâÃ withinÃâÃ anÃâÃ organization.ÃâÃ ByÃâÃ offeringÃâÃ easier,ÃâÃ moreÃâÃ intuitiveÃâÃ waysÃâÃ forÃâÃ yourÃâÃ employeesÃâÃ toÃâÃ createÃâÃ andÃâÃ shareÃâÃ knowledge,ÃâÃ yourÃâÃ companyÃâÃ canÃâÃ produceÃâÃ moreÃâÃ andÃâÃ betterÃâÃ knowledgeÃâÃ thanÃâÃ yourÃâÃ competitors,ÃâÃ thusÃâÃ gainingÃâÃ aÃâÃ qualityÃâÃ advantage. FosterÃâÃ andÃâÃ rewardÃâÃ theÃâÃ sharingÃâÃ ofÃâÃ knowledge.ÃâÃ WhetherÃâÃ creatingÃâÃ master/apprenticeÃâÃ relationshipsÃâÃ orÃâÃ monetarilyÃâÃ rewardingÃâÃ thoseÃâÃ whoÃâÃ shareÃâÃ knowledgeÃâÃ withinÃâÃ yourÃâÃ company,ÃâÃ takeÃâÃ stepsÃâÃ toÃâÃ ensureÃâÃ thatÃâÃ everyÃâÃ employeeÃâÃ isÃâÃ tryingÃâÃ toÃâÃ shareÃâÃ usefulÃâÃ knowledge. ItsÃâÃ theÃâÃ knowledgeÃâÃ managementÃâÃ toolsÃâÃ thatÃâÃ helpÃâÃ theÃâÃ organizationÃâÃ inÃâÃ identifyingÃâÃ theÃâÃ unmetÃâÃ needs.ÃâÃ HavingÃâÃ aÃâÃ proactiveÃâÃ approachÃâÃ toÃâÃ satisfyÃâÃ thoseÃâÃ needsÃâÃ isÃâÃ definitivelyÃâÃ goingÃâÃ toÃâÃ provideÃâÃ anÃâÃ organizationÃâÃ aÃâÃ competitiveÃâÃ advantage.ÃâÃ GoodÃâÃ knowledgeÃâÃ managementÃâÃ alsoÃâÃ allowsÃâÃ inÃâÃ identifyingÃâÃ theÃâÃ nicheÃâÃ marketsÃâÃ andÃâÃ byÃâÃ addressingÃâÃ theÃâÃ needsÃâÃ inÃâÃ theseÃâÃ nicheÃâÃ marketsÃ âÃ isÃâÃ going ÃâÃ toÃâÃ proveÃâÃ oneÃâÃ ofÃâÃ theÃâÃ attributeÃâÃ ofÃâÃ yourÃâÃ organizationÃâÃ success. AlmostÃâÃ allÃâÃ organizationsÃâÃ areÃâÃ usingÃâÃ theÃâÃ knowledgeÃâÃ managementÃâÃ toÃâÃ remainÃâÃ competitiveÃâÃ inÃâÃ market.ÃâÃ TakingÃâÃ theÃâÃ exampleÃâÃ ofÃâÃ WallMart,ÃâÃ theÃâÃ worldsÃâÃ largestÃâÃ retailÃâÃ corporationÃâÃ ,ÃâÃ itÃâÃ viewsÃâÃ theÃâÃ knowledgeÃâÃ managementÃâÃ notÃâÃ onlyÃâÃ asÃâÃ aÃâÃ wayÃâÃ ofÃâÃ enhancingÃâÃ profitabilityÃâÃ andÃâÃ financialÃâÃ growthÃâÃ butÃâÃ alsoÃâÃ asÃâÃ aÃâÃ wayÃâÃ ofÃâÃ remainingÃâÃ competitiveÃâÃ inÃâÃ aÃâÃ turbulentÃâÃ worldÃâÃ ofÃâÃ businesses.ÃâÃ ItÃâÃ hasÃâÃ investedÃâÃ aÃâÃ lar geÃâÃ amountÃâÃ ofÃâÃ moneyÃâÃ inÃâÃ buildingÃâÃ aÃâÃ strongÃâÃ knowledgeÃâÃ managementÃâÃ system.ÃâÃ ItÃâÃ isÃâÃ becauseÃâÃ ofÃâÃ theÃâÃ effectiveÃâÃ kmÃâÃ systemÃâÃ thatÃâÃ itÃâÃ hasÃâÃ emergedÃâÃ asÃâÃ theÃâÃ worldsÃâÃ largestÃâÃ corporation.ÃâÃ WallMartÃâÃ employsÃâÃ differentÃâÃ toolsÃâÃ ofÃâÃ knowledgeÃâÃ managementÃâÃ toÃâÃ remainÃâÃ competitiveÃâÃ inÃâÃ market.ÃâÃ StartingÃâÃ fromÃâÃ theÃâÃ simpleÃâÃ toolsÃâÃ ofÃâÃ knowledgeÃâÃ managementÃâÃ likeÃâÃ onthejobÃâÃ discussions,ÃâÃ formalÃâÃ apprenticeship,ÃâÃ discussionÃâÃ forums,ÃâÃ corporateÃâÃ libraries,ÃâÃ professionalÃâÃ trainingÃâÃ andÃâÃ mentoringÃâÃ programsÃâÃ toÃâÃ theÃâÃ advancedÃâÃ technologiesÃâ Ã likeÃâÃ knowledgeÃâÃ bases,ÃâÃ expertÃâÃ systems,ÃâÃ knowledgeÃâÃ repositories,ÃâÃ groupÃâÃ decisionÃâÃ supportÃâÃ systems,ÃâÃ intranets,ÃâÃ andÃâÃ computersupportedÃâÃ cooperativeÃâÃ work,ÃâÃ itÃâÃ usesÃâÃ eachÃâÃ andÃâÃ everyÃâÃ technologyÃâÃ ofÃâÃ knowledgeÃâÃ managementÃâÃ toÃâÃ haveÃâÃ aÃâÃ competitiveÃâÃ edgeÃâÃ inÃâÃ theÃâÃ market.ÃâÃ TheÃâÃ knowledgeÃâÃ managementÃâÃ helpedÃâÃ theÃâÃ WallMartÃâÃ inÃâÃ cuttingÃâÃ operationalÃâÃ costsÃâÃ andÃâÃ buildingÃâÃ upÃâÃ aÃâÃ valueÃâÃ forÃâÃ itsÃâÃ shareholders.ÃâÃ TheÃâÃ employeesÃâÃ inÃâÃ WallMartÃâÃ areÃâÃ veryÃâÃ muchÃâÃ satisfiedÃâÃ withÃâÃ theÃâÃ knowledgeÃâÃ managementÃâÃ systemÃâÃ functionalÃâÃ inÃâÃ almostÃâÃ allÃâÃ units.ÃâÃ WithÃâÃ theÃâÃ toolsÃâÃ ofÃâÃ knowledgeÃâÃ managementÃâÃ theÃâÃ bestÃâÃ employeesÃâÃ inÃâÃ WallMartÃâÃ areÃâÃ chosenÃâÃ andÃâÃ accordinglyÃâÃ rewardsÃâÃ areÃâÃ given.ÃâÃ TheWallMartÃâÃ storesÃâÃ reliableÃâÃ knowledgeÃâÃ managementÃâÃ skillsÃâÃ haveÃâÃ resultedÃâÃ inÃâÃ enhancedÃâÃ efficiencyÃâÃ inÃâÃ serviceÃâÃ deliveryÃâÃ andÃâÃ customerÃâÃ careÃâÃ asÃâÃ wellÃâÃ asÃâÃ developmentÃâÃ ofÃâÃ greatÃâÃ competition.Hence,ÃâÃ anÃâÃ effectiveÃâÃ knowledgeÃâÃ managementÃâÃ systemÃâÃ isÃâÃ oneÃâÃ ofÃâÃ theÃâÃ drivingÃâÃ forcesÃâÃ forÃâÃ WallMartÃâÃ forÃâÃ itsÃâÃ greatÃâÃ success.ÃâÃ TheÃâÃ otherÃâÃ examplesÃâÃ thatÃâÃ provedÃâÃ thatÃ âÃ effectiveÃâÃ knowledgeÃâÃ managementÃâÃ canÃâÃ helpÃâÃ achieveÃâÃ organizationÃâÃ goalsÃâÃ andÃâÃ helpÃâÃ inÃâÃ remainingÃâÃ competitiveÃâÃ inÃâÃ marketÃâÃ areÃâÃ sportswearÃâÃ giantsÃâÃ AdidasÃâÃ andÃâÃ Nike. (KNOWLEDGE-MANAGEMENT-A-CASE-STUDY-OF-WALLMART) Conclusion:- CompetitiveÃâÃ advantageÃâÃ isÃâÃ atÃâÃ theÃâÃ heartÃâÃ ofÃâÃ aÃâÃ firmsÃâÃ performanceÃâÃ inÃâÃ todaysÃâÃ challengingÃâÃ andÃâÃ rapidlyÃâÃ changingÃâÃ environment.ÃâÃ ToÃâÃ secureÃâÃ theÃâÃ competitiveÃâÃ advantage,ÃâÃ firmsÃâÃ shouldÃâÃ beÃâÃ ableÃâÃ toÃâÃ continuouslyÃâÃ acquire,ÃâÃ createÃâÃ andÃâÃ disseminateÃâÃ knowledgeÃâÃ acrossÃâÃ variousÃâÃ levelsÃâÃ ofÃâÃ theÃâÃ organization.ÃâÃ KnowledgeÃâÃ isÃâÃ centralÃâÃ toÃâÃ strategyÃâÃ formulationÃâÃ andÃâÃ Implementation,ÃâÃ knowledgeÃâÃ managementÃâÃ hasÃâÃ becomeÃâÃ aÃâÃ keyÃâÃ strategicÃâÃ taskÃâÃ facingÃâÃ managersÃâÃ forÃâÃ achievingÃâÃ successÃâÃ inÃâÃ todaysÃâÃ complexÃâÃ andÃâÃ dynamicÃâÃ environmentsÃ âÃ (MuthusamyandÃâÃ Palanisamy,ÃâÃ 2004).ÃâÃ TheÃâÃ shiftingÃâÃ windsÃâÃ ofÃâÃ changeÃâÃ inÃâÃ todaysÃâÃ businessÃâÃ environment,ÃâÃ whereÃâÃ theÃâÃ MarketÃâÃ placeÃâÃ isÃâÃ increasinglyÃâÃ competitiveÃâÃ andÃâÃ theÃâÃ rateÃâÃ ofÃâÃ innovationÃâÃ isÃâÃ rising,ÃâÃ haveÃâÃ madeÃâÃ EnterprisesÃâÃ realizeÃâÃ thatÃâÃ knowledgeÃâÃ isÃâÃ theirÃâÃ keyÃâÃ asset.ÃâÃ ItÃâÃ isÃâÃ pointedÃâÃ outÃâÃ thatÃâÃ theÃâÃ mostÃâÃ valuableÃâÃ AssetsÃâÃ ofÃâÃ theÃâÃ 21stÃâÃ CenturyÃâÃ enterpriseÃâÃ isÃâÃ itsÃâÃ knowledgeÃâÃ andÃâÃ knowledgeÃâÃ workers(SunmanÃâÃ andÃâÃ Kruger,ÃâÃ 2004).ÃâÃ ItÃâÃ isÃâÃ arguedÃâÃ thatÃâÃ knowledgeÃâÃ isÃâÃ displacingÃâÃ naturalÃâÃ resources,Ã âÃ capitalÃâÃ andÃâÃ laborÃâÃ asÃâÃ theÃâÃ basicÃâÃ EconomicÃâÃ resourceÃâÃ inÃâÃ theÃâÃ newÃâÃ economy.ÃâÃ KnowledgeÃâÃ mostlyÃâÃ theÃâÃ tacitÃâÃ knowledgeÃâÃ isÃâÃ hardÃâÃ toÃâÃ imitateÃâÃ soÃâÃ effectivelyÃâÃ managingÃâÃ suchÃâÃ typeÃâÃ ofÃâÃ knowledgeÃâÃ inÃâÃ anÃâÃ organizationÃâÃ isÃâÃ definitelyÃâÃ goingÃâÃ toÃâÃ leadÃâÃ theÃâÃ organizationÃâÃ toÃâÃ aÃâÃ placeÃâÃ whichÃâÃ forÃâÃ othersÃâÃ willÃâÃ beÃâÃ difficultÃâÃ toÃâÃ achieve.ÃâÃ KnowledgeÃâÃ managementÃâÃ helpsÃâÃ usÃâÃ inÃâÃ identifyingÃâÃ unmetÃâÃ needsÃâÃ inÃâÃ theÃâÃ market.ÃâÃ HavingÃâÃ aÃâÃ proactiveÃâÃ approachÃâÃ toÃâÃ satisfyÃâÃ theseÃâÃ needsÃâÃ isÃâÃ goingÃâÃ toÃ âÃ placeÃâÃ yourÃâÃ organizationÃâÃ aboveÃâÃ allÃâÃ inÃâÃ theÃâÃ turbulentÃâÃ competitiveÃâÃ businessÃâÃ environment.ÃâÃ So,ÃâÃ everyÃâÃ OrganizationÃâÃ shouldÃâÃ startÃâÃ thinkingÃâÃ ofÃâÃ aÃâÃ soundÃâÃ knowledgeÃâÃ management,ÃâÃ becauseÃâÃ inÃâÃ aÃâÃ knowledge-drivenÃâÃ economyÃâÃ itsÃâÃ theÃâÃ onlyÃâÃ sourceÃâÃ ofÃâÃ achievingÃâÃ successÃâÃ overÃâÃ others.
Thursday, May 14, 2020
Standard to most businesses is the idea that it is managements only responsibility in an organization to generate profits the best possible fiscal return for stakeholders. This template argues that the fiscal responsibility of the business is paramount, and sometimes ethics and moral tend to be pushed to the backburner (Savage and McEltory, 2005). This is particularly true when one adds the necessity of ethical responsibility from business professionals. The Enron Scandal, for instance, became a global call for accounting reform and clearly reduced the publics confidence in the corporate environment. Briefly, Texas-based energy company Enron used one of the nations most prestigious accounting firms, Arthur Anderson. Enron employed over twenty-thousand people and had revenues over $100 billion. Forbes magazine called the company one of Americas Most Innovative for five years. However, a company whistle-blower told Federal regulators that much of Enrons reported data, signed off on by Anderson, was false.Essentially, Enron reported sales incorrectly, thus the balance sheet showed profits that were false, but increased the organizations stock price and value. Because of the scandal, both companies filed for bankruptcy. The case was so well publicized that the name Enron is now synonymous with scandal, corporate greed, and dishonesty in accounting (Bryce, 2002; Peregrine, 2011). As a direct result of the ENRON scandal, the United States government began to pressureShow MoreRelatedCorporate Scandals And The Implact Of The Sarbanes Oxley Act1472 Words Ã |Ã 6 PagesA LOOK AT CORPORATE SCANDALS AND THE IMPLACT OF THE SARBANES-OXLEY ACT OF 2002 I. INTRODUCTION An economic boom filled with fraud, collapsed in the early 2000s with the unravelling of Enron in October 2001 followed by the implosion of WorldCom and many others big corporations. The downfall of these major companies led to a wide spread crisis of confidence in the financial markets. A crisis caused by executive greed was able to be magnified when the gatekeepers, the auditors, lawyers and analystsRead MoreThe Sarbanes Oxley Act Of 20021614 Words Ã |Ã 7 PagesThe Sarbanes-Oxley Act of 2002 (SOX) was enacted to bring back public trust in markets. Building trust requires ethics within organizations. Through codes of ethics, organizations are put in line to conduct themselves in a manner that promotes public trust. Through defining a code of ethics, organizations can follow, market becomes fair for investors to have confidence in the integrity of the disclosures and financial reports given to them. The code of ethics include Ã¢â¬Å"the promotion of honest andRead MoreThe Sarbane s Oxley Act ( Sox )1604 Words Ã |Ã 7 Pagesreporting has gained substantial attention from the public after the scandals of many high profile companies in the 21st century. Periodic cases of financial statement fraud raise concerns about the credibility of financial reports and are as a result of problem in the capital markets, a dropping of shareholder value, and, the bankruptcy of the company. Thus, to respond to the public pressure over acts of corporate offense, the Sarbanes-Oxley Act (SOX) was enacted in 2002. SOX proposed major changes toRead MoreSarbanes Oxley Act Research Paper1787 Words Ã |Ã 8 PagesÃ¯ » ¿Sarbanes Oxley Act Research Project Brielle Lewis MBA 315 March 6, 2014 I. Abstract The purpose of the Sarbanes-Oxley Act is to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities law, and for other purposes. (Lander, 2004) The Act created new standards for public companies and accounting firms to abide by. After multiple business failures due to fraudulent activities and embezzlement at companies such as Enron Sarbanes andRead MoreSarbanes-Oxley Research Paper2807 Words Ã |Ã 12 PagesSarbanes-Oxley Act of 2002 Research Paper Imagine over $60 billion of shareholder value, almost $2.1 billion in pension plans, and initially 5,600 jobs - disappeared (Associated Press, 2006). One would have to wonder how that is possible. These are the consequences the investors and employees of Enron Corporation endured after the Enron scandal started to unravel. This paper will focus on the infamous accounting scandal of Enron Corporation. It will also discuss how the company wasRead MoreThe Impact Of Sarbanes Oxley Act On Public Companies And The Market1336 Words Ã |Ã 6 Pages The affects of the Sarbanes-Oxley Act on Public Companies and the Market Shareen Sidhu University of Maryland University College The Affects of the Sarbanes-Oxley Act on Public Companies and the Market The Sarbanes-Oxley Act of 2002 was implemented and designed to Ã¢â¬Å"protect the interests of the investing publicÃ¢â¬ and the Ã¢â¬Å"mission is to set and enforce practice standards for a new class of firms registered to audit publicly held companiesÃ¢â¬ (Verschoor, 2012). During the early 2000 s, the worldRead MoreEffects Of Sarbanes-Oxley Act SOX Essay1860 Words Ã |Ã 8 PagesABSTRACT This paper provides an in-depth evaluation of Sarbanes-Oxley Act, which is said to be promoted to produce change in the corporate environment, in general, by stressing issues of public accountability and disclosure in the financial operations of business. It explains how this is an Act that represents the governments and the Security and Exchange Commissions concern in promoting ethical standards in terms of financial disclosure in the corporate environment. This paper addresses theRead MoreEffects of Sarbanes-Oxley Act1957 Words Ã |Ã 8 PagesABSTRACT This paper provides an in-depth evaluation of Sarbanes-Oxley Act, which is said to be promoted to produce change in the corporate environment, in general, by stressing issues of public accountability and disclosure in the financial operations of business. It explains how this is an Act that represents the government s and the Security and Exchange Commission s concern in promoting ethical standards in terms of financial disclosure in the corporate environment. This paper addresses theRead More Sarbanes Oxley Act of 2004 Essay1713 Words Ã |Ã 7 PagesSarbanes Oxley Act of 2004 The Sarbanes-Oxley Act of 2002 was signed into law on July 30, 2002 by President Bush. The new law came after major corporate scandals involving Enron, Arthur Anderson, WorldCom. Its goals are to protect investors by improving accuracy of and reliability of corporate disclosures and to restore investor confidence. The law is considered the most important change in securities and corporate law since the New Deal. The act is named after Senator Paul Sarbanes of MarylandRead MoreThe Quality of Financial Reporting After the Passage of Sarbanes-Oxley a2946 Words Ã |Ã 12 PagesResearch Proposal The Quality of financial Reporting after the passage of Sarbanes-Oxley Act Dr. Hassan Ahmed Assistant Professor at Cameron University Ã Ã Abstract The complexity of business environment necessitates a set of required disclosures in a timely fashion. The full disclosure principle under U.S. GAAP is based on a vague definition that cannot be clearly implemented. The cost of disclosures can be significantly large and can have a negative impact on companiesÃ¢â¬â¢ future earnings
Wednesday, May 6, 2020
All I have to say about A Rose for Emily is that she was a crazy person! Faulkner is a really worthy and famous writer that has a lot to say in his writings and I think that he accomplishes that when he writes. Ã¢â¬Å"On December 10, he delivered his acceptance speech to the academy in a voice so low and rapid that few could make out what he was saying, but when his words were published in the newspaper the following day, it was recognized for its brilliance; in later years, FaulknerÃ¢â¬â¢s speech would be lauded as the best speech ever given at a Nobel ceremony.Ã¢â¬ (Padgett) When William Faulkner gave his Nobel Acceptance Speech he had a quote in there and I think that he helped man endure by lifting his heart in A Rose for Emily, he also shows howÃ¢â¬ ¦show more contentÃ¢â¬ ¦There were a lot of different emotions that were represented in this selection, but Faulkner didnt tell us that the characters were angry he used details to show us peopleÃ¢â¬â¢s emotions. Ã¢â¬Å"Try to be better than yourself. An artist is a creature driven by demons. He doesnt know why they choose him and hes usually too busy to wonder why. He is completely amoral in that he will rob, borrow, beg, or steal from anybody and everybody to get the work done.Ã¢â¬ (Faulkner/Stein) When he talks he uses a lot of emotion and that shows his style of writing. William Faulkner gave a Nobel Prize Acceptance Speech and in it he wrote about A Rose for Emily he gives himself challenges when he writes and one of the challenges is pity and sacrifice which has been the glory of the past. When he writes he is saying that the people who have had pity thrown upon them and the people who have made their sacrifices are the only ones who get the glory. Ã¢â¬Å"The human drama in Faulkners novels is then built on the model of the actual, historical drama extending over almost a century and a half.Ã¢â¬ (Faulkner) In A Rose for Emily this is shown when all of those people who left her life she didn t really make a big deal out of it she kept toShow MoreRelatedWilliam Faulkner Influence on his Work Essay1542 Words Ã |Ã 7 Pages The writer and Nobel Prize winner, William Cuthbert Faulkner, was born in New Albany, Mississippi, on September 25, 1897. Faulkner was the first of four sons to Murry Cuthbert Falkner and Maud Butler. His family settled in Oxford when he was about five years old, and Faulkner spends most of his life there. Faulkner was successful early in his life, but during the fifth grade he lost interest in school and started missing classes. He did not graduate from high school, and later on he was able toRead More William Faulkner Essay1215 Words Ã |Ã 5 Pages William Faulkner nbsp;nbsp;nbsp;nbsp;nbsp;William Faulkner is one of Americas most talked about writers and his work should be included in any literary canon for several reasons. After reading a few of his short stories, it becomes clear that Faulkners works have uniqueness to them. One of the qualities that make William Faulkners writings different is his close connection with the South. Gwendolyn Charbnier states, Besides the sociological factors that influence Faulkners work, biographicalRead MoreWilliam Faulkner s A Rose For Emily And Dry August2559 Words Ã |Ã 11 PagesWho knew a high school dropout would become one of the most well-known authors still known today? Even though William Faulkner did not finish school (Ã¢â¬Å"William Faulkner Ã¢â¬â BiographicalÃ¢â¬ ), he certainly knew how to capture a readerÃ¢â¬â¢s attention and drop them into a new world with just a pen. The style in which he writes is unique. With only three semesters of college, he was forced to create from nearly a blank slate; college had not brainwashed him in to a repetitive nature with writing a certainRead MoreThe Limitations Of William Faulkner993 Words Ã |Ã 4 PagesHowe, Irving. The Limitations of A Rose for Emily. William Faulkner: A Critical Study. ed. William Faulkner, Bloom s Literature, 2007. Web. 21 Nov. 2015 One of the most famous stories from William Faulkner, an American writer, was Ã¢â¬Å"A rose for EmilyÃ¢â¬ and which requires some understanding. It is about a relation between South and North, with Miss. Emily representing the decadent South and Homer Barron the rapacious North. Faulkner made the story so glaring and pointed in its effects and solicitRead MoreThe Search for Time in Yoknapatawpha County1908 Words Ã |Ã 8 Pagesyear and the time period of the story. Furthermore, in the short story Ã¢â¬Å"A Rose for EmilyÃ¢â¬ by William Faulkner, the setting is a source of conflict. The narratorÃ¢â¬â¢s of the story, the townÃ¢â¬â¢s people, have an unknown entity, but because the story shifts between time periods and settings, the reader acquires different points of view from the same conflict. The theme of tradition and change in the short story Ã¢â¬Å"A Rose for EmilyÃ¢â¬ , is enhanced by time, the southern gothic literature, and the post Civil WarRead MoreÃ¢â¬Å"Resis tance to ChangeÃ¢â¬ : An Analysis of Not Changing with the Times854 Words Ã |Ã 4 PagesIn his short story, A Rose for Emily, well-known American writer and Nobel Prize laureate, William Faulkner, narrates the consequences of people not changing with the times. He lived in the south when slavery was acceptable and includes this in many of his stories. FaulknerÃ¢â¬â¢s purpose is to emphasize to his audience that people must accept change and evolve or risk isolation and ultimately dying alone. FaulknerÃ¢â¬â¢s views on change are brought out effectively in Ã¢â¬Å"A Rose for EmilyÃ¢â¬ through his use of settingRead MoreWilliam Faulkner is a Giant 1158 Words Ã |Ã 5 Pagesbut in the realm of American literature, William Faulkner is a giant.Ã¢â¬ (Padgett, olemiss.edu) He was a Nobel Prize- winning novelist and a short story writer. Faulkner was acclaimed as one of the twentieth centuryÃ¢â¬â¢s greatest writers. From The Sound and the Fury in 1929 to Go Down, Moses in 1942 , was considered his greatest artistic achievement and accomplished more artistically then most artists in their lifetime of writing. (Padgett, olemiss.edu) William Cuthbert Falkner (as his named was then spelled)Read MoreWilliam Faulkner s Life And Accomplishments2132 Words Ã |Ã 9 PagesWilliam Faulkner wrote more than just stories, he wrote legacies and wove tales enriched with knowledge and insight beyond his years, he entranced the public with poems filled to the brim with literary genius. This man, born and raised in mississippi, known widely as both an alcoholic and eccentric, created masterpieces that have lived on throughout the years, but exactly how did he come to be the author and poet he was? To answer that question accurately, we have to start from the beginning. WilliamRead MoreA Rose for Emily - Biography William Faulkner3892 Words Ã |Ã 16 PagesBIOGRAPHY William Faulkner (September 25, 1897 Ã¢â¬â July 6, 1962) was a Nobel Prize-winning American author. One of the most influential writers of the 20th century, his reputation is based on his novels, novellas and short stories. However, he was also a published poet and an occasional screenwriter. Most of Faulkners works are set in his native state of Mississippi, and he is considered one of the most important Southern writers, along with Mark Twain, Robert Penn Warren, Flannery OConnorRead MoreÃ¢â¬Å"a Rose for Emily, Ã¢â¬ Ã¢â¬Å"Young Goodman BrownÃ¢â¬ and Ã¢â¬Å"Good Country People, Ã¢â¬ 1823 Words Ã |Ã 8 PagesLoneliness from Society The time moves on for all people. If we cannot come to terms with that, bad things can happen. A short story, A Rose for Emil, by William Faulkner, was first published on April 30, 1930. William Cuthbert Faulkner was born in New Albany, Mississippi, on September 25, 1897. He is one of the greatest writers in America and obtained Nobel Prize laureate. As he grew up in New Albany, Mississippi, the Southern society influenced to him. Through his works such a Sartoris (book,
Tuesday, May 5, 2020
With profound sense of gratitude and regard, we express our sincere thanks to our guide and mentor Ms Deepshikha Kalra, for her valuable guidance and the confidence she instilled in us, that helped us in the successful completion of this project report. Her thorough understanding of the subject and professional guidance was indeed of immense help to us. INTRODUCTION TO INDUSTRY AND GROWTH RATE Indias telecommunication network is the second largest in the world based on the total number of telephone users (both fixed and mobile phone) It has one of the lowest call tariffs in the world enabled by the mega telephone networks and hyper-competition among them. It has the worlds third-largest Internet user-base with over 137 million as of June 2012 Indian telecom industry underwent a high pace of market liberalization and growth since 1990s and now has become the worlds most competitive and one of the fastest growing telecom markets The Industry has grown over twenty times in just ten years, from under 37 million subscribers in the year 2001 to over 846 million subscribers in the year 2011 India has the worlds second-largest mobile phone user base with over 929. We will write a custom essay sample on Project on Micromax or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 37 million users as of May 2012 The total revenue of the Indian telecom sector grew by 7% to INR 283207 crore (US$43 billion) for 2010Ã¢â¬â11 financial year, while revenues from telecom equipment segment stood at INR117039 crore (US$18 billion) INTRODUCTION TO MICROMAX Micromax is an Indian consumer electronics company located in Gurgaon, Haryana, India. It is in the business of manufacturing of Mobile Telephones, Tablet Computers, 3G Data cards and LED Televisions. It has 23 offices in India and an international office in Hong Kong.The company has about 656 employees. Micromax started as an IT software company in the year 2000 working on embedded platforms. In 2008, it entered mobile handset business and by 2010 it became one of the largest Indian domestic mobile handsets company operating in low cost feature phone segments. The company has a 22% market share in the Smartphone segment in India. As per IDC for Q2 2013. This transformation was steered by four friends who divided responsibilities on functional lines, which havenÃ¢â¬â¢t changed since: Rajesh Agarwal, Rahul Sharma,Vikas Jain, and Sumeet Arora. The companys product portfolio embraces more than 60 models today, ranging from feature rich, dual-SIM phones to QWERTY, touch-enabled smart-feature phones and 3G Android Smartphones. They also lay special focus on the products to enhance the customers overall experience with the device. Most of their products come with innovative packaging and bundled accessories. The company claims it has many firsts to its credit in the Mobile handset market including the 30-day battery backup, dual SIM, QWERTY Keypad, Universal Remote Control Mobile Phone etc. Micromax has presence in more than 560 districts through 125,000 retail outlets in India. The company has sales presence spread across Bangladesh, Sri Lanka and Nepal. Competitive Rivalry within the Industry Competition if healthy would bring huge success but if negative would destroy the whole industry so it should be critically analyzed for better future of the company. Micromax has a very strong position in the Indian mobile industry but few major rivals do exist in the industry like Samsung, Sony, HTC Etc. Above mentioned companies are fighting continuously to get on toÃ each other and avoid any sort of competition but I is still there. If we talk about marketing and advertising these companies have spent hell of their expenditures for the purpose of effective marketing and advertising and in competition they have always out performed each other. Competition is violent in the mobile industry, and this is a plus point for consumers. Provided that these companies carry on in competing with each other, consumers will persistently enjoy improving product qualities. Bargaining Power of Customers The bargaining power of customers has always been an important factor in terms of companyÃ¢â¬â¢s performance so this should be given reasonable value while accessing the companyÃ¢â¬â¢s position. Customers carry huge quantity of bargaining power concerning their utilization of different Micromax products. Although a lot of substitute products and competitors Micromax customers have very influential choices but still the quality and pricing that has been maintained by Micromax has made it very successful among the users. It is very important to understand the power of the customers and also their needs so that they can be better satisfied. This is what Micromax always cares about and that is reflected in Micromaxs strategies that are being used wile creation of new products as society has in progress of becoming more tech savvy . Bargaining Power of Suppliers Bargaining power of suppliers is very important factor to be considered in any industry as they are the main strength of the company. Micromax is now known for strong relations with the suppliers around the globe due to its immense buying power and also because of the fact that in such products quality is always important. Micromax as always focused over strong and sturdy business relations to make the ongoing quality stronger. Additionally, Micromax also presents helpful guidance to its suppliers on how to work more proficiently to decrease redundant expenses. And thus it cares of its suppliers which in return pays them off in the form of quality products. Threat of Substitute Goods Substitutes have always been in line whenever we talk about products market, every kind of product has a substitute present which leads it to the heights of competition when taken seriously. As the product is very common and frequently used product so the threat of substitutes is very high here. Like if we take the example of Airtel Mobile Network Connection the substitutes of this is Vodafone Services that serve as a competition. So Micromax has to innovate its products tremendously to stay in the market and to work efficiently for removing the threat of substitutes. We can take the example of recent innovation which are very effective and efficient factor that has been introduced in all products of Micromax. Such initiatives would make it easier for Micromax to go beyond the substitutes Threat of New Entrants If the market is attractive the new entrants would always be a threat for the company but if the market has been restricted to a limited resource and it has very few areas of improvement so it becomes difficult for new entrants to get into the market and hence monopolies exist. Although Micromax has accomplished a strong name in the Indian mobiles market but as the Mobile industry is very huge and viable; so there are a lot of companies who already entered in this market like ( Karbonn, Gionee, Lava, Xolo, Lenovo, Etc) and somehow achieved a place in the market even though they could not cross Micromax in terms of market share. Every year number of companies attempt to enter the market and strive for their share of profit and productivity in the market but very few survive. Micromax has been the leader of market for almost 2 years so now it has become a very big challenge for the new entrants to not only work over their quality but they also have to cut the share of Micromax to survive which is quite difficult. Fundamentally, Micromax is persistently on the board, and therefore the threat of new entrants is temperate.
Wednesday, April 8, 2020
Who really was Pocahontas? Was she like the Indian Essay girl in the Disney movie, who saved her reservation? Yes and no. She was an Indian of the Algonquian Indians. Her father was Powhatan, the chief. Her original name, however was in fact, Matoaka. But Pocahontas mean playful, frolicsome little girl and so they nicknamed her that. The meeting and capturing of her acquaintance, and possible first love, John Smith, was in fact true. But, the saving of him may be as made up and make believe as the movie. Many people speculate the authenticity of the execution and salvation story, told by Smith. Supposedly, Smiths Englishmen team landed in Jamestown, 12 miles from the Indian reservation. John Smith was captured and forced to stretch on two flat stones, then out of nowhere, and little Indian girl cam up and put herself on his body as to say, Kill me instead. We will write a custom essay on Who really was Pocahontas? Was she like the Indian specifically for you for only $16.38 $13.9/page Order now Weather this is true or not, it doesnt change the rest of her story. After the saved him, Smith and the Indians became friendly for the following year. Smith stayed in Jamestown, and Pocahontas visited him frequently. She carried messages from her father, and other Indians carried food, fur, and then traded hatchets and trinkets. After a while, Smiths relationship with the Powhatas worsened. Pocahontass visits started to lessen, and in 1806, Smith was injured, and had to go back to England. Pocahontas went on with her life though, she married an Indian Pryvate Captyne named Kocoum in 1610. Although in 1614, she fell in love with an Englishman, John Rolfe. They married and she got baptized. They went to London with a man named Sir Thomas Dale, and a dozen other Indians. She was presented to King James I, and all of the royal family. John Smith, the man who she had not seen in eight years, was also in London at the time. They met, and talked about the past, but at first she couldnt speak, she was overcome with emotion. This was their last meeting.After 6 months, Ralf and his family wanted to go back to Virginia, but unfortunately, Pocahontas didnt make it. She was ill from pneumonia. Pocahontas affected society, she was a compassionate girl, and saw to it that the colonists got food. She was also known to have saved lives of certain colonists. John Smith wrote that Pocohontas was the instrument to pursurve this colony from death, famine and utter confusion. I would consider her to be a hero to the lives she saved, and a role model for someone who helps out someone without asking for anything back. She doesnt really affect us today, unless you know about her, and when you do, your outlook and accomplishments with life seems so little compared to her great achievements. I have learned a lot from reading about her, and her life. I have learned that she was a REAL person, and not some little Indian girl in love with a strong, Englishman, like the movie. She is said to be an enthusiastic young girl, a lot like me, and she is respected for that. I respect her for her compassion and heart, and I think everyone should, because behind that love story, there is a honest, innocent, loving woman.
Monday, March 9, 2020
What Not to Buy When Giving Gifts in China While giving a gift is much appreciated in Asian countries as everywhere, there are some gifts that are absolute no-nos in China, Hong Kong, and Taiwan.Ã In these countries, politeness, in particular, polite language, is an important part of gift-giving. It is always polite to give gifts at festivities, or when youre attending special celebrations such as a wedding or housewarming, visiting the sick, or attending a dinner with people one doesnt know well. Some gifts have subtle meanings associated with the name or the pronunciation of the name. You wouldnt want to remind a sick person about death or funerals, nor would you want to hint to people youve never met that you neverÃ want to see them again. Here are some gifts which have names with subtle linguistic impoliteness. Avoid these Chinese gift-giving blunders. Gifts with Subtle Meanings 1. Clocks Clocks of any type should be avoided because Ã©â¬ Ã© Ë (sÃ ²ng zhÃ ng, send clock) sounds like Ã©â¬ Ã§ µâ (sÃ ²ng zhÃ ng),Ã the funeral ritual. Clocks also symbolize the truth that time is running out; therefore, giving a clock is a subtle reminder that relationships and life have an end.Ã 2. Handkerchiefs To give a handkerchief to someone (Ã©â¬ Ã¥ · ¾, sÃ ²ng jÃ «n) sounds like Ã¦â" ·Ã¦ ¹ (dungÃân), a farewell greeting. This gift is especially inappropriate for a boyfriend or girlfriend - unless you want to break up. 3. Umbrellas Offering your friend an umbrella may seem an innocent gesture; however, its subtle meaning is that you want to end your friendship with him or her. If it is raining and you are worried he or she will get wet, it is better for both of you to huddle under your umbrella until you reach your friendÃ¢â¬â¢s destination. Then, take the umbrella back home with you. 4. Gifts in Sets of Four Gifts in sets of four are not good because Ã¥âºâº (sÃ ¬, four) sounds like Ã¦ » (sÃ , death). 5. Shoes, Particularly Straw Sandals Giving shoes Ã©â¬ Ã©Å¾â¹Ã¥ (sÃ ²ng xiÃ ©zi, give shoes) sounds similar to break up. Also giving two shoes sends the message that you want the person to go his or her separate way; thus, ending your friendship. 6. Green Hats A green hat is a metaphor in Chinese Ã¥ ¸ ¶Ã§ ¶ Ã¥ ¸ ½ (di lÃÅ" mo, with green hat) that means that a manÃ¢â¬â¢s wife is unfaithful. Why green? A turtle is green and turtles hide their heads in their shells, so calling someone a Ã¢â¬ËturtleÃ¢â¬â¢ will get you in trouble because its like calling the person a coward. Gifts Which Explicitly Refer to Funerals or Break-ups 7. Towels Towels are gifts which are usually given out at funerals, so avoid giving this gift in other contexts. 8. Sharp Objects Like Knives and Scissors Giving sharp objects that are used to cut things suggests that you want to sever a friendship or relationship. 9. Cut Flowers Particularly Yellow Chrysanthemums/White Flowers Yellow chrysanthemums and white flowers of any kind are used at funerals, so giving white flowers is synonymous with death. 10. Anything in White or Black These colors are often used during funerals so presents, wrapping paper and envelopes in these colors should be avoided.
Saturday, February 22, 2020
The Most Viable Method of Stadia Financing - Dissertation Example Since the 2022 Football World Cup is to be hosted in Qatar there is an urgent need to consider the issue of how to finance stadium building in time for that event. The country must be able to demonstrate a) the availability of sufficient capital to fund such projects and b) a sufficiently robust financial sector to regulate the major financing deals that such projects require.Although relatively small in size, Qatar has become one of the fastest growing economies in the world. With its persistence economic growth and economic development, the country observed a phenomenal growth rate of 18.9 percent between the years of 1999 to the year of 2004. As a result, by the end of the 2005, the GDP per capita in the country was around QAR 157,000 which is equivalent to USD 43,000 according to the GDP estimates released by the Qatar Central Bank. The financial and capital sectors of Qatar have been strengthened in the past twenty years or so. A significant development was the creation in 1997 of he Doha Securities Market (DSM) was established. The DSM grew by 16% a year, on average from 1997 to 2001 even though it remained closed to foreign investment. Qatar was not immune to the global financial crisis of 2008, but the SDM performance was nevertheless stronger than that of other countries in the wake of that downturn: in DSM % change from 2007 to 2008 was only -28.2 which compares with Bahrain Stock Exchange -34.52, Abu Dhabi Stock Exchange -47.49 and Saudi Stock Market -57.02.