A Supplier Partnering Agreement at the University of Las Vegas
By
Haoyong Chen
An assignment submitted in partial fulfillment of the requirement for MGT 608
School of Business Management
National University
Dr. Farnaz Sharifrazi
December 1st, 2013
Background
Discovery Communications, Inc. is a company that has adopted a new technological advancement in their workflow by implementing knowledge management systems. Discovery Communications is the world’s number one nonfiction media company servicing its consumers with real-world content through documentaries and television programs (Overview & Mission, 2012). The company has adopted the new knowledge management system in order to streamline their system of
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The superior capabilities of knowledge management systems provide an opportunity for the business to engage the most effective components and recognize the importance of communication to make informed, accurate decisions (McGrath, 2001). This system can organize the company’s knowledge resources, knowledge obtaining, organizing, and applying to make a sound routine the will enforce effectiveness (Niu, 2008). The dynamic function of knowledge management to create, capture, and apply knowledge to achieve an organization’s objective will allow them to be more profitable and successful (Zucker, 1986). In addition to increasing profits, the system can be also used to reduce costs and enhance research and development (DeTienne & Jackson, 2001). With all of these advantages, it would be wasteful for a company to not employ knowledge management. As seen in the Discovery Communications, Inc. example, the company can attribute their new productivity levels and increase in ease of securing documents to the knowledge management system that put into place by Carefree Technology. Like Discovery Communications, Inc., knowledge management is so popular today because companies can collect, process and share knowledge to ignite employees ' creativity which in turn will make the business grow. Wenhong and Jianhua (2009) explained the core of knowledge management is to convert company’s knowledge resources into an increased company
In 1837, John Deere, who was founded the Deere & company. The Headquarter of company is in Moline, Illinois. John Deere, who built a manufacturer about agricultural equipment, which are farm and forestry equipment. Also, company produces construction, commercial and consumer equipment. In 2015, the company has employee around 57,180 people (Statista, 2015). The company has expended business in over 110 countries. In addition, the company has become one of the world’s largest and most recognized manufacturers equipment in term of agricultural, construction, turf, and forestry equipment. In 2011, the financial performance had reported the company’s income at $2.8 billion in net
The technology is changing rapidly; it is used for the survival of the companies in the market. There are different IT based tools used by the different organisations according to their structure and requirements of the organisation. Some of the IT based tools are: internet, brainstorming sessions, video-conferencing, knowledge maps, and many others.
Effective knowledge management, using more collective and systematic processes, will also reduce our tendency to ‘repeat the same mistakes’. This is, again, extremely costly and inefficient. Effective knowledge management, therefore, can dramatically improve quality of products and/or services.
Hewlett Packard (HP) is a leading multinational organization providing products and services in many IT related technologies such as computer hardware and software, printers, scanners, storage devices etc. In 1995, the company decided to introduce knowledge management in its organization that will make its systems, processes, outcomes superior with organized and systematic knowledge handling and storage. HP faces severe competition and thus has to be ahead of the market using many strategies, one of which is application of Knowledge Management (KM). With over 600 business units located
Knowledge management refers to organising and sharing the various forms of business information created within an organisation (Marakas and O’Brien 2013). Knowledge management is important as it increases the capability of a firm to learn from its environment and to incorporate knowledge into its business processes (Laudon & Laudon 2014).
Knowledge management (KM) is the name given to the set of systematic and regimented actions that an organization can take to attain the maximum value from the knowledge available to it. Effective knowledge management normally requires a proper amalgamation of organizational, social, and managerial initiatives along with exploitation of apposite technology.
Knowledge is something that comes from information processed by using data. It includes experience, values, insights, and contextual information and helps in evaluation and incorporation of new experiences and creation of new knowledge. People use their knowledge in making decisions as well as many other actions. In the last few years, many organizations realize they own a vast amount of knowledge and that this knowledge needs to be managed in order to be useful. “Knowledge management (KM) system” is a phrase that is used to describe the
In order for public and private organizations to exploit and manage knowledge in their daily processes and integrate knowledge management in their strategic planning, the managers of the organizations must know the actual meaning of knowledge. Right now, the three-knowledge management models being used in organizations are Nonaka and Takeuci’s (knowledge spiral), Firestone and McElroy’s (knowledge life cycle) snowden’s (Cynefin Model) (Heaidari, Khanifar & Moghimi, 2011).
Knowledge Management is an organization’s methodology of making their intellectual assets as fully functional, or effective as possible. This is a systematic approach organized to enhance understanding. It’s the managing of information in a way that provides an organization with a competitive advantage.
Chapter 12 generally discusses the various processes that assist in managing business knowledge. The author of this chapter demonstrates clearly to the readers how knowledge management is closely related to information systems in three unique ways. The author also gives a clear explanation on why data, knowledge, and information should not in any way be viewed as interchangeable in any way. According to this chapter, knowledge is considered to be more valuable as compared to information that is more valuable as compared data due to the level of human contribution that is involved. The chapter on “managing business knowledge” elaborates on the two forms of knowledge that include explicit and tacit categories.
Knowledge management can be very essential to people in leadership positions that is required to make executive decisions on behalf of a company or organization. However, it is necessary for individuals holding such position to have a thorough understanding of the knowledge management process. Therefore, this paper discusses the best practices for creating and implementing a knowledge management project and discuss measurements, metrics and potential resources for data exists and how each are incorporated into the design of a system.
The aim of this report is to analyze the information that is being captured and how different ways are being initiated by these organizations to gather significant amount of information and connect partner organizations that exist across the world with different boundaries and different partner locations. In the process, we study the approach to knowledge management and make comparison with the appropriate literature presented to us during the course of our lectures.
Improving the management of information has since long been a major challenge which organizations are failing to address even after consistent efforts. With technology evolving there are better ways to keep your knowledge assets safe and in a systematic way with use of information technology and information systems. IT is not just about computers but also about those tools that are used for transmission of tacit knowledge and patenting those intellectual assets. It is time to stop limiting Information Technology for just storage of knowledge but to use it as a potential aid to help in knowledge dissemination. Dougherty (1999) argues that Information Technology should be seen as a tool to assist the process of Knowledge Management in organizations. Such a process relies more on the face-to-face interaction of people than on static reports and databases (Davenport and Prusak, 1998). In a brief nutshell there is a synergy formed when Knowledge Management
The process of collecting, transferring, storing and making information useful is also known as knowledge management. In this, the organization is enabled to grow, adapt to changes and meet customer demands. The information age has a most certain influence on how the organization manages knowledge. This is true of whether that knowledge is unique to the organization, or shared to external organizations. Today there are various ways to collect and compile data and turn that data into useful information; however, without the use of knowledge management, then data, information, and knowledge is lost or misused. Through the knowledge management process the organization has the ability to learn as an organization. This is
World was moving from industrial to knowledge-based economy. Organizations have changed their focus from process re-engineering to achieve results into encouraging employees to implement their knowledge and expertise in achieving efficiency of business. In a rapidly changing technology landscape, knowledge sharing presents a unique challenge for businesses and enterprises. Few factors defining today’s knowledge industry: