The Competitive Advantages Of Effective Knowledge Management Commerce Essay

The Competitive Advantages Of Effective Knowledge Management Commerce Essay Today, the future and the value of a company depends on provide the new product and service quickly and timely in order to meet the needs that always change in the market. Thus, I believe that knowledge is the more importance factor than land or capitals to create a competitive advantage for enterprises. And now, this essay will discuss more about the value of managing knowledge and some competitive advantages that can be created through knowledge management in the company. Then, I would like to discuss about the In addition, this essay is also talk about the leadership and managerial skills in the organization by implementing successfully KM. DISCUSSION ABOUT THE KNOWLEDGE MANAGEMENT: Data, Information, Knowledge: Nowadays, we are living in an age of information that we can find easy through television, internet, magazines etc. But not all information is reliable. Transforming information into knowledge within the organization is an advantage. However, not all managers have able to do it. Thus, the first thing I want to discuss about the difference between data, information and knowledge in order to transform raw data into meaningful information. Data is the raw material. It can be a set of discrete facts and exist in any form such as number, symbols, imaging etc. Data represents unorganized and unprocessed facts. Data is transformed into information by adding value through context, sorting, calculating, analysis and evaluation. Information can be considered as a processed data. Data and information are everywhere but knowledge is hard to get. You need information in order to get knowledge. However, knowledge is not information. Information is only becomes knowledge when you have able to realize and understand specific purpose of it. Knowledge is usually come from learning, thinking or taking experiences in a particular area. Knowledge has two types: Explicit knowledge and tacit knowledge. Explicit knowledge is the visible knowledge. You can find them easily through book, documents, reports, films, magazines, etc. The explicit knowledge is easily transferable. In contrast, tacit knowledge is the knowledge that put in your mind. Simply, tacit knowledge is the personal experience, skills and hard to transferable. For example: Each pastry cook can made Tiramisu cake with different flavors, although all of them use with the same Tiramisu Cake recipe. Some cake are delicious, some cake are bad. Because skilled pastry cook has not shown own experiences in recipe. May be, they can add some special ingredients to make their cakes with good flavorful. This is the tacit knowledge. They did not share their experiences as well as knowledge for everyone. I think this is the importance aspect in the organization. The managers must look for ways to employees can share tacit knowledge together in a particular sector. Tha ts also the objective of knowledge management. Knowledge management: Knowledge Management (KM) can be defined as the logical process that helps people to use knowledge effectively and efficiently. Knowledge management is the process the company uses to measure the value of the intellectual value of each employee in the company. Moreover, it is the process used to evaluate and track key metrics associated with the organization of intellectual property can be used to create better services, products and value to shareholders of the corporation. There are many different knowledge management life cycles. They are made by Wiig (Wiig Knoeldge management cycle 1993), Zack (Zack Knowledge Management Cycle 1996), Nickols (Nickols Knowledge Management Cycle 1999), McElroy (McElroy Knowledge Management Cycle 1999), Rollet (Rollet Knowledge Management Cycle 2003), Bukowitz Williams (BW Knowledge management cycle 20003). Actually, they have some common steps and meaning. However, each cycle has its own characteristic. Look at the table below for comparison. Nickols (1999) Wigg (1993) McElroy (1999) Rollet (2003) Bukowitz Williams (2003) Zack (1996) Acquisition Creation Individual and group learning Planning Get Acquisition Organization Sourcing Knowledge claim validation Creation Use Refinement Specialization Complication Information acquisition Integrating Learn Distribution Store/ access Transformation Knowledge validation Organizing Contribute Presentation Retrieve Dissemination Knowledge Integration Transferring Assess Distribution Application Maintaining Build/ sustain Conservation Value realization Assessing Divest Source: Adapted from Kimiz Dalkir, Knowledge Management in Theory and Practice (Oxford: Elsevier Butterworth, 2005), pp. 27. Competitive advantages: Although there are many different perspectives on knowledge management, however the general objective of knowledge management is look for ways to employees share and learn knowledge as well as experiences together. Thats not only help employees improve the expertise knowledge, but also the knowledge management can create the competitive advantages and enhance value for enterprises. As you know, human resource is the valuable asset in organization. If the organization can use this resource effectively, organization will become very strong. Knowledge management can give all the employees in organization many opportunities to show ideas and innovation. Therefore, organization can have more opportunities and advantages than competitors. The employees can share expertise knowledge, experiences or passion together. Thats also make all of the employees in organization more closer and understand  each other  better In addition, transforming from tacit knowledge into explicit knowledge is not only help improve expertise knowledge of employees, but also help the organization have enough capable of responding promptly to the change in personnel. And now, I would like to give you a reality example as well as an incident by not applying knowledge management in organization.   It occurred in my familys restaurant in three years ago. When my manager intends to open a restaurant of his own, he has left the restaurant. The important thing, he has taken away all the experience, the trade secret and a lot of good employees and the relationships. Then he became a competitor with my restaurant. During that period, my restaurant encountered a lot of trouble and business performance decreased seriously. Another example, at Tam Viet Group in 2007, a vice president has left the company and he established an own company to direct competitive with the Tam Viet. By applying knowledge management, all these knowle dge such as customer relationships, unfinished projects, etc. were acquired and stored by all other employees. Therefore, Tam Vietnamese were not affected. Additionally, Knowledge management can also give to the enterprise with high adaptability in the rapidly changing marketplace. The competitors are always updates their products and services better to meet the demand of customer. Therefore, most of the successful enterprises are always catch information and transfer them rapidly. By applying the knowledge management, the enterprises can easily compete with other competitors. The organization can launch new products with the higher quality than competitors at the same cost. The employees can save time through making decision or solving the problems quickly and exactly. KNOWLEDGE MANAGEMENT ON SUPPORTING MANAGERIAL PRACTICES: Similar to those competitive advantages that I mentioned above, knowledge management can help manager so much in practices. Firstly, the employees have a freely environment to performance themselves. The employees can share and learn knowledge, experiences, idea together. Therefore, the manager can collects and exploits tacit knowledge or innovation in order to enhance competitor advantage for the organization. Additionally, KM can help manager make decision timely and exactly by capturing,  analyzing  and  conversing  of information logically. In addition, the manager will have enough response to device with changing of the marketplace as well as the human resources. Leadership and managerial skills: A manager needs to have a good leadership to change products, systems and people efficiency. A good leader must have capacity to accelerate the process to decide a matter and to make process work effectively and quickly. It is a difficult problem. A good manager should have more diverse skills in order to have enough capable of handling all of problems in the organization. The first skill is the information technology (IT) skill. I think this is the key For example: in my first internship at ACB bank, I can get information of customer trading history via CIC.org.vn website. You will save more time for get information of customer. Thats progress of technology. Thats also the reason the manager should have a good IT skill to support the management easier and faster. In the high technology age, a good manager should know to take advantage of technology to support for the management and sharing knowledge in the organization. If so, companies will have more competitive advantages than competitors. In addition, a manager should also build a trust and respect relationship with employees. Listening skill is also important. As a manager, you should build an open structure. I mean that you should gap of discrimination between superiors and subordinates. The subordinate can easily meet and express freely their opinions to you. Listening will help you clearly understand about your staffs in order to make decisions fairer and more accurate. Lets change the last skill that I want to discuss is the communication skill. In my opinion, communication is the most difficult and complicates skill of the manager. According to John Quincy Adams If your actions inspire others to dream more, learn more, do more and become more, you are a leader. Its a great statement. A manager has to know create motivation for employees in order to they have enthusiasm and try their best to work. The motivation is not only based on the high salary, but also based on the workplace. A manager can adapts communities of practice (COP) program in the company. COP is considered as a group of people hold together by sharing the knowledge, experiences, ideas or something like that. COP program can provide a place for employees in particular areas or require employees work in team to share methods or tacit knowledge and mutual support. Thus, the employees can improve their knowledge; learn more about the experiences and more closer. Besides that, manager s hould also consider one of the challenges of communication, the different cultures. Especially is the multinational company. this is a new step to the understanding by employing individuals from various backgrounds, cultures and lifestyles. Perceptual, Cultural and language barriers are a challenge to be overcome when a company work in the global orientated environment. It affects team spirit, work efficiency, directly affect the business situation of the company. Moreover, it is the cause of lack of teamwork, morale low. The different culture can affect a company and its success in variety of ways. CONCLUTION: In conclusion, the knowledge management is a new way to develop your company in the future. From the very beginning, the essay discussed some basic concept of the knowledge management for you. As you can see the next part talked about the competitive advantages that the company can take from KM. There are so many, for example: using human resource effectively, transferring from tacit knowledge to deficit knowledge, etc. Moreover, the knowledge management will help the managers in many ways. And, of course, the managers have to learn and develop his/her skills to managing knowledge. There are some basic skills that a manager should have are listening skills, IT skills, etc. In the knowledge economy, knowledge management has more impacts on organizations. Applying knowledge management is considered as a key for success organization. The strong organization always has a good knowledge management. 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Tà ¡Ã‚ ºÃ‚ ¥t nhià ªn, Ãƒâ€žÃ¢â‚¬Ë œÃƒ ¢y là   mà ¡Ã‚ »Ã¢â€ž ¢t khà ¡i nià ¡Ã‚ »Ã¢â‚¬ ¡m cà ²n mà ¡Ã‚ »Ã¢â‚¬ ºi nhÆ °ng mà ¡Ã‚ »Ã‚ i tà ¡Ã‚ »Ã¢â‚¬ ¢ chà ¡Ã‚ »Ã‚ ©c cà ¡Ã‚ ºn phà ¡Ã‚ ºÃ‚ £i chà ¡Ã‚ » Ä‘Ã ¡Ã‚ »Ã¢â€ž ¢ng nghià ªn cà ¡Ã‚ »Ã‚ ©u và   và ¡Ã‚ ºÃ‚ ­n dà ¡Ã‚ »Ã‚ ¥ng sà ¡ng tà ¡Ã‚ ºÃ‚ ¡o. Quà ¡Ã‚ ºÃ‚ £n là ½ tà ¡Ã‚ »Ã¢â‚¬Ëœt tri thà ¡Ã‚ »Ã‚ ©c tà ¡Ã‚ »Ã‚ ©c là   hià ¡Ã‚ »Ã†â€™u rà µ Ä‘Æ °Ãƒ ¡Ã‚ »Ã‚ £c bà ¡Ã‚ ºÃ‚ £n thà ¢n, bià ¡Ã‚ ºÃ‚ ¿t Ä‘Æ °Ãƒ ¡Ã‚ »Ã‚ £c Ä‘ià ¡Ã‚ »Ã†â€™m mà ¡Ã‚ ºÃ‚ ¡nh và   Ä‘ià ¡Ã‚ »Ã†â€™m yà ¡Ã‚ ºÃ‚ ¿u cà ¡Ã‚ »a mà ¬nh Ä‘Ã ¡Ã‚ »Ã†â€™ tà ¡Ã‚ »Ã‚ « Ä‘Ã ³ Ä‘Ã ¡Ã‚ »Ã‚  ra nhà ¡Ã‚ »Ã‚ ¯ng bià ¡Ã‚ »Ã¢â‚¬ ¡n phà ¡p gà ¡Ã‚ ºÃ‚ ·t hà ¡i thà  nh cà ´ng trong nà ¡Ã‚ »Ã‚ n kinh tà ¡Ã‚ ºÃ‚ ¿ tri thà ¡Ã‚ »Ã‚ ©c.

Plato and Aristotle: a Comparison

Plato and Aristotle are two of the earliest known thinkers in metaphysics, epistemology, and ethics. Although Aristotle was a student of Plato, the two had some very contrasting ideas.MetaphysicsPlato and Aristotle believed in the concept of forms, although they had different definitions of the concept. Plato's take on metaphysics can be labeled as dualism. Plato developed his ideas a priori; he formulated his own explanations of an ideal reality and applied them to the observable world.Reality had two levels for Plato: the level of the observable objects, and the level of forms (the ideal). The observable aspect of the world are but imperfect copies of the forms, and observable objects are impermanent, as opposed to forms, which are eternal. Plato's forms can be understood as blueprints that existed outside of the observable, and on which everything observable depends; thus these forms are more â€Å"real† than the observable. Plato uses analogies for this explanation; in his allegory of the cave, for example, lifetime immobile prisoners see only shadows on a cave wall and think that the shadows are the ultimate reality.Although it cannot be disputed that the shadows are â€Å"real,† it is the objects that are casting the shadows that are, in a sense, the true reality. Aside from the well-known allegory of the cave, Plato used a number of other metaphors to explain his metaphysical views, such as the metaphor of the sun, and the divided line.  Conversely, Aristotle developed his ideas a posteriori—by directly observing the world and then deriving â€Å"formulas† for this observable reality. His primary concern in this area was causality. Aristotle believed in only one level of reality, and he believed that form had no existence outside of physical, observable reality.Aristotle's concern on the relationship of form and matter led to his concepts of causality. He believed that there are four very basic causes that can be applied to anything: the Material cause, or, in Aristtle's words, â€Å"that out of which a thing comes to be, and which persists,† the formal cause, â€Å"the statement of essence† (which states that anything is determined by the definition or archetype), the Efficient cause,   (the primary source of change), and the Final cause, (the end, or the intent of an action).EpistemologyPlato's epistemology holds that all knowledge is innate, which means the process of learning is actually just a recollection of knowledge buried deep in the soul; Plato believed that before birth the soul had a perfect knowledge of everything. This is the basic precept of Plato's Theory of Ideas.  According to Plato, ideas are permanent and absolute. In Plato's view all human actions can be judged through the standard of these concrete and absolute ideas, but Aristotle refutes Plato's theory on the grounds that Plato's arguments are inconclusive—stating that Plato's arguments are not convincin g or lead to contradictory conclusions.Aristotle refutes Plato's claim that Ideas are absolute, perfect entities outside of human experience, but argues that, on the contrary, ideas exist in the mind alone and are simply duplicates or interpretations of things that are experienced. Aristotle claims that all standards are based on things that are first experienced.  Aristotle agreed with Plato's notion that the immaterial (form) and the material (matter) were distinctly separate entities; however, he states that forms (or ideas) exist in the mind and are dependent on the observer, and argues that Plato's theory of ideas goes by the incorrect premise of absolute universal definitions for material, observable things.EthicsPlato's ethics states that â€Å"good† is born of knowledge and â€Å"evil† is born of ignorance (lack of knowledge). Hence Plato argues that the path to a good life is purely intellectual.Plato's   absolutism dictates that there is only one right co urse of action, one that is true in every case and exists independent of human opinion or interpretation.  On the other hand Aristotle adopted a scientific, empirical approach to ethical problems. He believed that in order for human actions to be judged as moral or immoral, they must have a certain degree of health and wealth. Aristotle believed that ethical knowledge is not certain knowledge, like metaphysics and epistemology, but general knowledge.Also, Aristotle argued that the achievement of â€Å"good† must be a practical discipline, as opposed to Plato's heavily theoretical approach. He claimed that to become good cannot be achieved simply by studying virtue, but that one must practice virtue in everyday life. He called the   ultimate goal of this discipline the â€Å"Highest Good.†Ã‚  Also, for Aristotle the achievement of happiness was by application of the â€Å"golden mean†, which just means moderation in everyday life. Aristotle argued that happin ess could not be found only in pleasure, or only in fame and honor. He claims that happiness can be achieved through knowledge of humanity's specific purpose; that is, according to him, â€Å"by ascertaining the specific function of man.†PoliticsIn his political theories, Plato focused on formulating the perfect society by finding ways to cure humanity of its social and personal failures. Plato, in Republic, described the ideal government as having a philosopher-king as its leader, a king with a completely just soul who would thus be able to run a completely just government. Plato also argued that since he can imagine such a leader, than such a leader can exist.  Plato's utopia consists of three non-hereditary classes: Guardians, Auxiliaries, and Workers. The guardians are wise and good rulers and high-level civil servants, the auxiliaries soldiers and lower civil servants, and the workers composed of unskilled laborers.Unlike Plato, Aristotle was not concerned with the per fection of society, but simply its improvement, within what he believed were a more realistic context. Aristotle agreed that Plato's government, with its philosopher-king, would be ideal, but did not believe that such a person could exist, and thus dismissed the possibility that such a government could exist, and considers other systems that he believed are more realistic.  Plato's belief in this philosopher-king reflects his theories of knowledge, which have the a priori approach to reality. On the other hand, Aristotle bases his beliefs on the observable. And claims that since he has never encountered such a completely just man, he must discount that possibility of his existence.Aristotle argues that dividing society into distinct classes excludes men with ambition and wisdom but are not in the right class to hold political power. Another argument against Plato's class system is that guardians will, by nature of their work, be deprived of happiness, and such guardians will natur ally assume that the same strict lifestyle be imposed on all of society. Aristotle valued moderation more, in contrast to Plato's utopia, which carried expectations to such extremes that it was no longer realistic to Aristotle.Aristotle derived a theory of Democracy, where he puts emphasis on the polis, or city-state, which allows political participation by the average citizen. He claimed that â€Å"the people at large should be sovereign rather than the few best.† However, this is contrary to Plato's beliefs, who argues that the public's decisions would be based on mere belief and not fact.  Essentially, we can describe Plato as having been in pursuit of a philosophical, idealized truth, whereas Aristotle was concerned with the more worldly and realistic   concerns of the citizen and the government. Although they had widely divergent views, they had essentially the same goal of a better society.References:Silverman, A. (2003). Plato's Middle Period Metaphysics and Episte mology. The Stanford Encyclopedia of Philosophy (Summer 2003 Edition). Retrieved February 24, 2006, from http://plato.stanford.edu/archives/sum2003/entries/plato-metaphysics.Cohen, S. M. (2003). Aristotle's Metaphysics. The Stanford Encyclopedia of Philosophy (Winter 2003 Edition).Retrieved February 24, 2006, from http://plato.stanford.edu/archives/win2003/entries/aristotle-metaphysics.Frede, D. (2003). Plato's Ethics: An Overview. The Stanford Encyclopedia of Philosophy (Fall 2003 Edition). Retrieved February 24, 2006, from  Ã‚   http://plato.stanford.edu/archives/fall2003/entries/plato-ethics.Kraut, R. (2005). Aristotle's Ethics. The Stanford Encyclopedia of Philosophy (Summer 2005 Edition). Rerieved February 24, 2006, from http://plato.stanford.edu/archives/sum2005/entries/aristotle-ethics.Miller, F. (2002). Aristotle's Political Theory. The Stanford Encyclopedia of Philosophy (Fall 2002 Edition). Retrieved February 24, 2006, from   http://plato.stanford.edu/archives/fall2002 /entries/aristotle-politics.Brown, E. (2003). Plato's Ethics and Politics in The Republic. The Stanford Encyclopedia of Philosophy (Summer 2003 Edition). Retrieved February 24, 2006, from http://plato.stanford.edu/archives/sum2003/entries/plato-ethics-politics.Aristotle. (2006, February). Wikipedia, Wikimedia Foundation, Inc. Retrieved February 24, 2006, from http://en.wikipedia.org/wiki/Aristotle.Plato. (2006, February). Wikipedia, Wikimedia Foundation, Inc. Retrieved February 24, 2006, from http://en.wikipedia.org/wiki/Plato.Platonic Epistemology. (2006, February). Wikipedia, Wikimedia Foundation, Inc. Retrieved Ferruary 24, 2006, from http://en.wikipedia.org/wiki/Platonic_epistemology.Falcon, A. (2006). Aristotle on Causality. The Stanford Encyclopedia of Philosophy (Spring 2006 Edition). http://plato.stanford.edu/archives/spr2006/entries/aristotle-causality.

Muslim Empires Essay

The Ottoman Turks consisted of Turkic-speaking nomadic people who had spread westward from Central Asia in the ninth, tenth, and eleventh centuries. They were located in the northwestern corner of the peninsula, which allowed them to expand westward and eventually take over empires between the Mediterranean and the Black Seas. The sultan was the supreme authority in both a political and a military sense. Administrative and military power were centralized under the bey, who was only a tribal leader, tribal law was before Muslim law. The Ottoman authorities were Sunni Muslims. The sultan assigned duties to a supreme religious authority, who then maintained a system of schools to educate Muslims. There were some who believed in Sufism or other doctrines, but the government allowed it as long as they were still loyal to the empire. Non-Muslims had to pay a head tax since they were exempt from military service. The Ottoman Empire was divided into four main occupational groups: peasants, artisans, merchants, and pastoral people. Shah Ismail founded the Safavid Dynasty. The Safavids was a mixed society like the Ottoman Empire; majority of the population were Iranian. They used the Shi’ite faith, and Shi’ism was declared the state religion. Like the Ottoman’s sultan, the Safavids had their shahs who would check up on their people. This empire was not as wealthy as the Ottomans and the Mughals. Their greatest area of productivity was in textiles. The founder of the Mughal Dynasty is known as Babur. Ruling of the dynasty was passed down from Babur to his son, Humayun, and then to his grandson, Akbar. As emperor, Akbar didn’t just focus on the views of Muslim but also gave Christian views a chance. He later formed a new type of worship called the Divine Faith, which combined characteristics of different religions. He believed in having a harmonious society, which meant each individual and group would play their assigned role and contribute their part to society. This dynasty was the last of the great traditional Indian dynasties. All three of the empires were Muslim, and they all displayed an impressive capacity to create and run a large empire. The Muslim World was protected by the military and political abilities of these empires. Unlike their European counterparts, these empires continued to thrive.

The Role Of Multinational Corporations ( Mncs ) - 924 Words

The role of multinational corporations (MNCs) in emerging economies is growing, as shown by the growth of foreign direct investment (FDI), which in 2015 stood at $681 billion, up from $671 billion in 2013 (UNCTAD, 2015). Despite the above positive changes, some countries remain marginal areas in global terms. While emerging economies collectively account for 83% of the world s population, they only account for less than 32 % of global gross domestic product (GDP) and FDI (UNDESA, 2015; WB, 2015). Consequently, the extent of economic and social challenges facing some developing countries remains enormous despite decades of MNC investments. One major social problem facing many of the emerging economies is still high levels of human poverty (UNM-MDG, 2015). Some African countries such as Zambia, are faced with the challenge of a large proportion of the population living in abject poverty (Gamu, le Billon, Spiegel, 2015). 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