Through economical uncertainty it is important that organizations implement and manage how knowledge is evolved. Knowledge management is defined as the strategies and processes designed to identify, capture, structure, value, leverage, and share an organization's intellectual assets to enhance its performance and competitiveness. It is based on two critical activities: (1) capture and documentation of individual explicit and tacit knowledge, and (2) its dissemination within the organization” (Business Dictionary, 2012). It is important that organizations implement a monitoring system to insure that employees are learning on the job. Just because employees are educated in a classroom does not mean that they have the knowledge to do the tasks efficiently and effectively as possible. Knowledge comes from experience of performing daily tasks and as the employees achieve more experience on the job the greater the knowledge they will gain (Garvin, 2000). Most employees want to achieve the greatest success in life and at work. It is important that organizations find ways to compliment the employee’s successes through a reward or incentive program that will reinforce positive learning. Managers need to find ways to follow-up with employees on what they have learned and this can be accomplished through employee evaluations and refresher training on a periodic basis. Keeping the employee in the know is also a very important element. The employee needs to have the understanding that what is expected of them through goal setting and timelines. If an employee has a guide of expectations it will assist the management team to understand if the employee is acquiring knowledge at the standard rate. Managers have to know when employees are not gaining knowledge. Knowledge management is more than just placing an employee in a job and asking a...
...Maximizing Profits in Market Structures
Month Day, Year
The three important market structures in economics are competitive markets, monopolies, and oligopolies. Each market plays a different role in the economy. Competitive markets are when no firm has the power to affect the market price of a good and “many buyers and sellers trading identical products so that each buyer and seller is a price taker” (Mankiw, 290). A monopolistic market is when a specific person or enterprise is the only supplier of a certain good. An oligopoly is a market in which a good has only a few “similar or identical” (Mankiw, 346) products for sale.
There are three characteristics of a competitive market: “There are many buyers and many sellers in the market, the goods offered by the various sellers are largely the same, and firms can freely enter or exit the market” (Mankiw, 290). Because of this, Competitive markets determine the price in terms of “maximizing profits, which equals total revenue minus total cost” (Mankiw, 292). Total revenue is calculated by multiplying price by quantity. Output is determined in a competitive market in terms of maximizing profits by following three general rules: “If marginal revenue is greater than marginal cost, the firm should increase its output, if marginal cost is greater than marginal revenue, the firm should decrease its output, and at the...
...of menu items and explains them to guests accurately.
3. Uses Point of Sale system/cash register to record the order and compute the amount of the bill. Collects payment from guests and makes change.
4. Performs Cash-In Procedure- accounting for all forms of money, bread, etc., during the shift.
5. Prepares food neatly, according to formula, and in a timely manner.
6. Checks products in sandwich unit area and restocks items to ensure a sufficient supply throughout the shift.
7. Understands and adheres to proper food handling, safety and sanitation standards during food preparation, service and clean up.
8. Cleans and maintains all areas of the restaurant to promote a clean image. Understands and adheres to the 3-step method for cleaning.
9. Understands and adheres to all quality standards, formulas and procedures as outlined in the SUBWAY® Operations Manual.
10. Maintains a professional appearance and grooming standards as outlined in the SUBWAY® Operations Manual.
11. Performs light paperwork duties as assigned.
12. Completes University of SUBWAY®courses as directed
Store Manager Job description:
1. Completes and posts the staff work schedules.
2. Recruits, rewards and terminates staff as needed.
3. Communicates changes of food preparations formulas, standards, etc. to staff.
4. Ensures that all local and national health and food safety codes are maintained and company safety and security policy are followed.
5. Maintains business records as...
Assignment Information Use Paper
Alexander J. DePriest
November 23rd, 2014
University of Phoenix
Assignment Information Use Paper
Information is constantly flowing through organizations and companies that acts as the main function of a company. When information is no longer allowed to flow through an organizations, the organizations will begin to shut down.
Information is needed to collect certain amounts of data and to better help organizations learn more about what is happening in the organization. Information is collected and new wisdom is formed that can be used to determine the correct path for an organization. Information that is passed through an organization is generally used to help teach and to help improve the outlook of people who are employed for the organization or company. An open flow of information allows everyone within the organization to understand the way things work so they are not left clueless.
Knowledge is important for education and enlightenment. New employees should have some amount of knowledge of any one subject before they are able to be successful within an organization or company they are working for. This knowledge is only obtained by information which may have been garnered individually or may have been passed down throughout the organization. Having the skills in a subject will allow every aspect of an organization to be successful in that particular sector of the organizational patterns.
...through a complete troubleshooting procedure like the one I've outlined below.
1. Before starting a sometimes time consuming troubleshooting process, make sure you've turned on every power switch and power button on your computer:
Power button/switch on the front of the computer
Power switch on the back of the computer
Power switch on the power strip, surge protector, or UPS (if you have one)
2. Verify that the power supply voltage switch is set correctly. If the input voltage for the power supply does not match the correct setting for your country, your computer may not power on at all.
3. Check for disconnected computer power cable connections. A loose or unplugged power cable is one of the top reasons why a computer doesn't turn on.
4. Replace the computer's power cable. This is the power cable that runs between the computer case and the power source.
These simple steps should have your PC powering up correctly in no time.
Scenario 3: The organization has clearly not adopted an operating system standard; as a result, numerous products and versions are in use throughout the company. Consider the operating systems, and discuss which of these you would recommend and why. Which of them would you recommend replacing if they were in use in your organization?
A standard operating system on all company PCs provides a standard that is useful to any organization. First the cost savings associated with supporting only a single operating system is a huge plus...
...• What are the advantages and disadvantages of social media?
The advantages of social media is that we have the ability to reach a large audience and more so a target audience. Social media allows us to communicate with our audience and see their comments. There are so many different kinds of social media sites that we are able to use free of charge. The social media sites are available on our phones, iPods, and tablets. Pictures, videos, and even links can be shared from one site to another. The social media world has a very big audience that consists of people from all over the world. Furthermore, companies have the option to target a specific audience. Some businesses have had an increase in sales and customers, so in addition the customers get discounts or coupons.
Social networking sites has allowed everyone that is selling a brand to communicate with their audience and be involved, rather than making it all about a sale. There are so many web sites that allow everyone to be up to date with entertainment and celebrities. There are a lot of advantages that can be a disadvantage at the same time. For example, comments can be an advantage and a disadvantage because comments can helps us to improve our brand that we are trying to sell. On the other hand comments can be negative and cause conflict on the page which can lead to violence in worse cases. In addition, sometimes marketing a brand on a social networking site can bring bad recognition to their business.
...necessary services such as education, healthcare and public utilities such as electricity and water. Regardless of the financial situation, a child cannot be turned away from a public school, hospital and their credit score cannot determine their eligibility for public utilities.
Consumer rights protect consumers in a number of ways and also encourage companies to always be at their best in order to promote competition and drive revenue. Many people may not realize that they have these rights. Every person should know these rights and keep them in mind if they ever feel that a company is taking advantage of them or providing them with a service or good that is unsafe or a practice is unfair.
Grantham University (n.d.). Week4 Lecture, Six Consumer Rights. Grantham University. Retrieved October 08, 2013
Solutions to Week4 Problems and Exercises
Business Systems Analysis MGMT340
Chapter 7 Problems and Exercises Solutions
Solution to Question 5
a. The figure shows a ‘many to many’ relationship. Therefore, any EMPLOYEE can work on a PROJECT and there can be several PROJECTS with several EMPLOYEES working on them.
b. The degree shown in the used_on relationship is “one to many” with a minimum cardinality of zero. (The zero through the line near the ‘task’ entity means a minimum cardinality of zero, whereas the crow’s-foot notation means a “many” maximum cardinality, (George, Hoffer & Valacich, 2012). This means that one ‘tool’ can be used on many projects and many projects can make use of one tool.
c. TASK is in a binary many to many relationship (associative relationship) between TOOL and CITY.
d. Skill could also be modeled as an attribute of the EMPLOYEE entity.
e. For EMPLOYEE entity, some added attributes could be Address, Date of Birth and Skill. For PROJECT entity, some added attributes could be Scope and Purpose.
f. TOOL could be modeled as an associative entity along with EMPLOYEES and PROJECTS. An associative entity type is one that associates the instances of one or more entity types and contains attributes that are peculiar to the relationship between those entity instances. For example, EMPLOYEES can use TOOL and PROJECT will also need TOOL. TOOL can used by EMPLOYEES for PROJECTS.
Solution to Question 16