1.8 Martin Soley and Kaushik V. Pandya presented a different perspective to achieving competitive advantage through cultivating Knowledge sharing culture in their article, “Culture as an Issue in Knowledge Sharing: A Means of Competitive Advantage”. When considering the role that culture plays in knowledge and Information Management (IM) of any organization there are several aspects of the business one can look into. The article looked at business activities of several UK based companies as a major source of cultural globalization. The idea is that when businesses find new markets especially those which are international they use these products that they develop and sell to those markets to shape cultural norms and “transmit messages of how …show more content…
If these five traits of culture can prove to overcome cultural barriers and no alleviate negative impact on business operations and market entry, then we assume that international businesses should not encounter any cultural barriers (Soley & Pandya, 2003).
1.9 Data mining as critical part of Knowledge Management process was presented by O. Folorunso and A.O. Ogunde in their article, “Data mining as a technique for knowledge management in business process redesign”. According to Mena (1999), Data Mining (DM) is the process of discovering actionable information, meaningful patterns, profiles and trends by sniffing through your data using pattern recognition technologies such as neural networks, machine learning and genetic algorithms.
The given article explains a few benefits and uses of the DM technique, as below:
• How DM tools can be used to answer business questions that traditionally were too time consuming to
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examines the motivation for inter-organisational collaborations and information exchange in her article titled, “Why do Managers from Different Firms Exchange Information? A Case Study from a Knowledge-intensive Industry”. The article focus on the knowledge intensive companies like the Finnish games industry which is seen as complex and one that only changes through an evolutionary process. The ever increasing amount of information and importance of knowledge in business are factors which lead to the creation of new types or patterns of information firms (Glazer, 1991) as such, the forms of interaction among the firms are either competition or market transactions. Peltoniemi (2007) argues that besides competition and market transactions, firms interact by exchanging information and knowledge. This has an effect on what the firms do and that in turn has an effect on how the industry evolves or changes (Peltoniemi, 2007). The article further argues that although the significance of information and knowledge exchange has been acknowledged, it has not been the subject of thorough examination. Nonetheless, Muller & Pénin (2006) states that disclosing knowledge is a way of increasing a firm’s reputation in the eyes of potential partners as well as a firms way of easily accessing external knowledge in the long run as it appears
Understanding the business side and the country culture can help build a better understanding of how the business should come into the company and how the business should operate and viewed by members of the community. According to Professor Hofstede, “Culture is more often a source of conflict than of synergy.
This means that the business needs to understand the culture of the foreign market and develop cultural literacy (Wild & Wild, 2016, p. 43). Business managers must understand the values, beliefs, attitudes, and behaviours of the foreign market (Wild & Wild, 2016, p. 44). Failing to understand the foreign market’s culture can be detrimental to a business. It can result in offending foreign business managers, destroying business relationships, and failing to achieve market opportunities abroad.
The importance of culture in International business today cannot be underestimated and it is imperative that attention is paid at strategic, organizational and the individual levels. The “Blue Ridge Spain” case elucidates these at all three levels. My analysis of this case is from the perspective of the Spanish corporation, Terralumen S.A. National culture is the shared implicit beliefs and tacit values that truly differentiate one cultural group from another. I will be using Geert Hofstede’s frame work to deconstruct this case into its separate dimensions.
A major challenge of doing business internationally is to adapt effectively to different culture. Such adaptation requires an understanding of cultural diversity, perceptions, stereotypes, and values (Hodgett &Luthans, 2005). Doing business overseas has its challenges as well as it rewards.
Culture is “a system of shared beliefs and values that develops within an organisation and guides the behaviour of its members” (Schermerhorn et al. 2011). It plays an important role in any organisation. For instance, in Woolworths we can se...
When it comes to doing business cross-culturally, there are various factors to consider in order to make sure everything runs smoothly and as effectively as possible. Understanding cultural differences is the first step to having a successful international business venture. Two pioneers of the field, Geert Hofstede and Richard Gesteland, created their own sets of factors/dimensions explaining how values in the workplace are influenced by culture. During both of their comprehensive studies, the United Kingdom was one of the countries whose cultural values were investigated, and will now be examined further. Geert Hofstede’s six cultural dimensions include power distance, individualism versus collectivism, masculinity versus femininity, uncertainty avoidance, and long-term versus short-term orientation.
With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of Knowledge Management methods, companies can achieve a competitive advantage through managing the immense amount of information available (Balanced Scorecard Institute, 2002).
The concept of organizational cultures was first raised in 1970s, and soon became a fashionable topic. Organizational culture is the shared beliefs, values and behaviours of the group. Theorists of organizations believe that organizational culture represents the pattern of behaviours, values, and beliefs of an organization. Hence, studies around organizational culture have been seen as great helpful and essential for understanding organizations and their behaviours. Additionally, organizational culture has been considered to be an important determinant of organizational success. Therefore, leaders and managers pay more than more attentions on this topic, focusing on constructing and managing organizational cultures.
As companies grow and put heavier weight on the importance of globalization, the need for companies to partake in cultural learning becomes more and more vital. With the various cultures worldwide, companies will find it highly beneficial to not only learn what makes the people within these cultures tick, but more importantly, apply it to their business strategies. In order to successfully manage, merge, or trade with other countries, one must understand how cultures differ from each other and what steps they need to take to be successful when conducting business with these cultures. The use of cultural anthropologists has proven beneficial for companies like Google, Intel, and Microsoft in implementing their business
It is a “pattern of beliefs, values and learned ways of coping with experience” (Brown 1994) that manifests itself into three layers: artefacts at the shallowest, values and beliefs in the middle and basic assumptions at the deepest. It is inseparable from the organisation that cannot be easily manipulated as it is fundamentally non-unitary and emergent. Finally, organisational culture is important as it is one of the main determinants as to whether a firm can enjoy superior financial and a comparative advantage over firms of differing cultures.
...f national culture on the choice of entry mode. Journal of International Business Studies, 19(3), 411-432.
The dynamics of our society bring many challenges and opportunities to the business world. Within the last decade, hundreds of jobs have emerged particularly in the technology sector to help keep up with the ever-changing world and to compete on a larger and better scale than the competition. Two key job markets and the basis of this research paper are business intelligence or BI and data mining or DM. These two fields play a very important role in small to large companies and are becoming higher desired sectors within the back offices of the workplace. This paper will explore what the meaning of BI and DM really is, how they are used and what we can expect as workers and learners of the technology and business fields for the future.
Organisational culture is one of the most valuable assets of an organization. Many studies states that the culture is one of the key elements that benefits the performance and affects the success of the company (Kerr & Slocum 2005). This can be measured by income of the company, and market share. Also, an appropriate culture within the society can bring advantages to the company which helps to perform with the de...
Miroshnik, V. (2002). Culture and international management: a review' The Journal of Management Development 21(7): 521-544
Generally, data mining can be associated with classes and concepts. data mining (sometimes called data or knowledge discovery) is the process of analyzing data from different perspectives and summarizing it into useful information - information that can be used to increase revenue, cuts costs, or both. Data mining software is the best analytical tools for analyzing data. It allows users to analyze data from many different dimensions or angles, categorize it, and summarize the relationships identified. Technically, data mining is the process of finding correlations or patterns among the dozen fields in large relational databases.