Adverse Impact:
Definition:
An unwanted and unanticipated result of taking a particular action.
Sentence:
The adverse impact of playing sport without warming up correctly will be certain injury.
Contingency Theory:
Definition:
"Contingency theory is guided by the general orienting hypothesis that organizations whose internal features best match the demands of their environments will achieve the best adaptation" (Scott p. 89). The term was coined by Lawrence and Lorsch in 1967 who argued that the amount of uncertainty and rate of change in an environment impacts the development of internal features in organizations.
Functional Analysis:
Definition:
This decision making method where a problem is broken down into its component functions (accounting, marketing, manufacturing etc.) The functions are then divided into sub-functions and sub-sub functions until the function level for solving the problem is correctly reached.
Sentence:
When doing a functional analysis on a failed advertising campaign, it is important to establish whether the campaign was correctly implemented and focused at the right target market.
Knowledge Management:
Definition:
Knowledge Management (KM) refers to a multi-disciplined approach to achieving organizational objectives by making the best use of knowledge. KM focuses on processes such as acquiring, creating and sharing knowledge and the cultural and technical foundations that support them.
Sentence:
The success or failure of many businesses can often be attributed to whether or not Knowledge Management was used.
Quality Control:
Definition:
Quality control (QC) is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality...
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...chinery required, production time right through to delivery of the balls
Resources Allocation:
Definition:
The process of determining the best way to use available assets or resources in the completion of a given project.
Sentence:
The Resources Allocation for the building of the Olympic Stadiums would have been an entire project on it’s own.
Centralisation:
Definition:
Where several departments / managers are situated in one place
Sentence:
The centralisation of many branches of a company has greatly reduced the number of management staff employed.
Feedback:
Where the results / performance of an action are communicated to the person who performed the action.
Sentence:
The feedback from the students on the possibility of a new hockey field was very positive and excited.
Information Processing:
Definition:
The interpretation of information received and the
However, I do not dismiss that actual knowledge management truly exists or is being utilized due to the differing understandings of the terminology. In fact, I have seen knowledge management at its best in a first-hand experience. My organization has a strict rule that certain positions must take a mandatory consecutive 5-days off of work each calendar year. While an employee is out of the office for 5 days, work must continue. Processes, procedures and training have been implemented to assist in passing on information relevant to taking over another position during this time. Cross-training helps in this endeavor, but actually performing the duties of another job for 5 days requires knowledge management implementation to achieve success. Due to this, the organization must “impart knowledge and skills that enable employees to be more effective in their positions” (Avtgis, Rancer, & Liberman, 2012, p.
It is an active process in which a need for improvement is identified and appropriate members of a team who are affected by or involved in the problem under consideration are selected. The team collects and analyzes baseline data so they can define where they are and why they want to change. Finally, based on their data and analysis, they determine one or two root causes of the problem they think
The literature review has emphasised on the importance of four major and common factors in regards to managing knowledge work, that is, communities of practice, information technology support, KM activities, and performance outcomes (Davenport & Prusak 2000; Demarest 1997; McDermott 1999). Much of the existing research on knowledge creation focuses on the source and state of knowledge. In fact, the term management control of activities that may be uncontrollable or stifled by ...
Knowledge management is the main element of a business strategy that will allow an organization to increase the rate that it is able to handle new market challenges and opportunities. It does this by leverag...
In this era, that we called knowledge workers era, knowledge is extremely important in order to gain sustainable competitive advantage according to Yaghoubi (2014). Organization can obtain, capture and utilize knowledge with the help of management to protect and keep the sustainability in long period. Knowledge management is use to maintaining success of organization. Knowledge management is process of creating and developing knowledge in organization with systematically effort to find, to create, to make access and to apply all intangible resources and to flourish the learning process in organization.
A project may be a big financial failure if it is badly planned and is not terminated in time. This kind of project would slowly be revised to use more and more time and money, finally being finished after going so much over the initial budget and time restraints that the result will be a financial failure the only reason the project is allowed to continue is due to political or sentimental factors. A typical example of this kind of project is the Concorde Project, which was a technological success but a total commercial failure. The Concorde was originally estimated to cost 6 million pounds, but ended up costing 1065 million pounds, resulting in big losses for the French and British governments (Peter Hall, 1980).
In essence, it is a set of the best working practices that deal with initial design as well as the subsequent changes made to the product deliverables in the project.
As the knowledge management evolution began to catch on during the 1990s, companies began to view the chief knowledge officer position as a way of expanding their organizations. The CKO position has since progressed, and while some companies are committed to the notion, others are questioning whether the CKO model is appropriate for their needs and have adapated similar leadership archetypes (Lelic, 2005).
...bjectives and realize growth. Knowledge Management Knowledge management plays a key role in ensuring that the different functions and activities of a company are synchronized. In Google’s case, the purchase of Motorola (which has turned out not to have been the best business decision) probably could have been avoided if the knowledge within the company was managed and used better. Knowledge enables a company to create, recognize and distribute opportunities. When every employee of a company contributes his or her part of knowledge into the knowledge pool, it is very beneficial as it contributes to the overall success of the company. Proper application of the available knowledge in a company can offer several competitive benefits to both the company and the employees. Application of accurate knowledge at the correct situation helps a company to make good decisions.
Systematic starting over and reinventing the way a firm ,or a business process, gets its work done. Defined by Michael Hammer and James Champy (in their 1993 book ‘Reengineering The Corporation’)as “Fundamental rethinking and radical redesign of business process to achieve dramatic improvements in critical measures of performance such as cost ,service and speed.”See also Business Process
Hansen M., Nohria N., and Tierney T. (1999), “What’s your Strategy for Managing Knowledge?,” Harvard Business Review (March 1999), 106–16.
Also defined as the process of gathering, examining, and allocating data for tactical and strategic purposes.
In most organizations, effective utilization of knowledge increases productivity, creates competitive advantage and, ultimately, improves profits.
(106) 'Knowledge management means using the ideas and experience of employees, customers and suppliers to improve the organisation’s performance. ' (5) Knowledge management (KM) is best when 'it is in alignment with organizational culture, structure and strategy ' (5). For this reason, the aim of this briefing document is to advise Santander on solutions to potential KM barriers employees may face by discussing three key barriers- culture, technology and leadership.
Knowledge Management, (KM) could be a conception and a term that arose some 20 years past, roughly in 1990. Quite merely one would possibly say that it means that organizing associate organization 's info and data holistically, however, that sounds a small amount wooly, and astonishingly enough, even if it sounds overbroad, it 's not the total image. Terribly early within the metric linear unit movement, Davenport (1994) offered the still wide quoted definition: "Knowledge management is that the method of capturing, distributing, and effectively victimization