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Explain the usefulness of management information system as a strategic resource and competitive advantages?
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Explain the knowledge management concept and justify its usefulness in today's organisations?
Knowledge management concept is a multi-disciplined approach to achieve the objectives of an organization. The best use of knowledge is applied. It helps the organization to get a competitive advantage, helps in innovating and helps in overall improvement of the organization in this changing environment.
Why do you think comparative management is important in today's international scenario?
Comparative management analyzes the extent to which management principles are applicable from one country to another. Since the leader in the development of management principles is the United States, comparative management seeks to determine the applicability of American know-how to foreign locales. Although the concept of comparative management evolved in the late sixties, it continues to be the subject of considerable debate. . In other words, the universality of management science allows it to be transferred from one locale to another. Management is universal because it is critical to the successful operation of an organization. The "universalist" school of management theory believes that certain management principles are fundamental and can be transferred to any organized form of human activity. In contrast to the universalists are those who believe that management practice is culture bound. Cultural differences in various countries exert a si Comparative international management is the field of inquiry that focuses on differences in management and organization between countries. By now, there is sufficient awareness of the usefulness of studying management and organization in an international context. Also, the use of comparison to aid explanation and to enhance understanding of social phenomena has always been recognized as a valuable tool of social scientific research and hence as an end in itself. For at least the last twenty years, the literature has yielded diverse positions on the transferability of modern management principles into different cultures. A review of the research shows that most cross-cultural studies are actually cross-national studies which means comparing socio-cultural, political, and economic systems and not just culture. Two of the more important models are described in terms of the role of culture--the Farmer-Richman model and the Negandhi-Prasad model. One of the models identifies management as a dependent variable, and the other as an independent variable. The research was conducted to contribute to a resolution of this difference. The research design isolated the role of culture by controlling for the political, economic, and educational variables. "Comparative International Management" provides the reader with a broad coverage of comparative international management topics focusing on a number of key issues, such as differences in management styles, organizational structures, corporate governance, production systems, corporate strategy, labour relations, and human resource issues in different countries. In doing so, the text uses a cultural-institutional explanation to clearly highlight the reasons why countries differ, allowing the reader to appreciate the importance of management in international and globalising economies.
What are the key components of Knowledge management?
There are 10 key components to knowledge management: (1) having a system design that fits into your company structure today and for the future; (2) buying the right software, support and giving your people the right training to use the software/system; (3) having a process and ensuring people follow it and someone in charge of the whole thing - the throat to choke; (4) having a structure to put the knowledge into, otherwise you or other people will never find it; (5) supplementing the knowledge structure with an excellent search facility that doesn't come up with 1 million hits every time you request something; (6) telling people how to write data into the knowledge management system and the usefulness of key words (ideally from a pull down menu, otherwise peoples spelling mistakes will make it difficult to find things); (7) an evaluation system to allow people to make recommendations on improving it and check usage; (8) knowing when to archive and dispose of knowledge; (9) teaching people configuration management, so they always have the most up to date information; (10) Backup, backup and backup again - make sure you have robust backup systems and processes should things go wrong.
Are objectives different from strategic goals?
Yes. Think about playing chess. In chess there are tactics and there are strategies. You can probably say the same for real warfare and some other human activities. A tactical move could be something that you need to have in place at the end of the game, but it is not obvious to your opponent or observers. You are taking small steps to position yourself for the end game. Tactics are like objectives in a business sense. What needs to be in place now, even if its usefulness in getting to the goal isn't entirely clear?With careful thinking and collaboration you can start creating a strong structure by meeting one objective at a time. Your strategy in chess, like your strategic goal, is your long-term plan to reach success.
What are the advantages of the high low method?
what are the usefulness of high low method
Explain the knowledge management concept and justify its usefulness in today's organisations?
Knowledge management concept is a multi-disciplined approach to achieve the objectives of an organization. The best use of knowledge is applied. It helps the organization to get a competitive advantage, helps in innovating and helps in overall improvement of the organization in this changing environment.
What is the similarilities between resource management and personnel management?
Efforts to maintain and improve the usefulness of resources to the employer. Human resources are never owned by the employer.
What is the overriding criterion by which accounting information can be judged of?
Usefulness for decision making
Limitation of accounting information?
The limitations of accounting information Despite the usefulness of accounting information, there are some limitations: 1. An accountin
What are the uses of information?
four factors determine the usefulness of information to a manager: quality, timeliness, completeness and relevance..
What are the attributes of useful information?
Useful information should be accurate, timely, relevant, and complete. It should also be easily understandable and accessible to the intended audience.
A change in inventory reporting from lifo to fifo is?
Allowed if it improves the usefulness of information in the financial statements
What are the five characteristics of high quality information?
The five characteristics of high quality information are accuracy, completeness, consistency, uniqueness, and timeliness. The quality of information determines its usefulness.
What are the other advantages of blood typing other than its usefulness in health?
Other than usefulness in health, the other advantages to blood typing are in studies of human migration and more subtle variations such as geographic location such as diet. There is an idea proposed that certain people, because of their cultural and geographic location, have digestive systems that are more suited to different diets, particularly in amounts of protein consumed.
What is the usefulness of a company pospectus?
usefulness of a company pospectus
Significance of technical writing in marketing management?
Whenever marketing and sales makes a sale, it's imperative that the buyer be able to trust in the viability of the product and its usefulness. One key to the usefulness of any technology, product or service, is the documentation (technical writing) that supports its application to real-life situations.
