1. TASK ONE4
1.2 Possession and practice4
3.3 B&Q case5
3. TASK TWO8
3.2 Time distance9
3.3 Technological distance10
3.4 Social distance10
3.5 Cultural distance11
In a modernized and globalized world, knowledge creation and synergization of knowledge in an organization is truly crucial. As data and information are readily available, and information communication technology (ICT) has highly advanced, organizations such as B&Q need to understand how knowledge creation can assist to improve internal and external processes and also encourage innovation.
In task one, the aim is to differentiate between possession of knowledge and practice of knowledge and examine which epistemology B&Q uses throughout their supply chain. B&Q uses possession knowledge whereby it provides all their vendors with a code of conduct guidelines which they need to follow through. However, in the face of risk and uncertainty in an economic crisis, B&Q should adopt practice of knowledge and enabling people to do differently and better.
In task two, the statement by Stoneman (2010) means that trust and power are the main factors that drive product, process and organizational innovation. For B&Q, due to their power as the distributor, they are able to develop and lay down the process and procedures that all their vendors need to adhere to. However, in an economic crisis, its regimental practice may not work as uncertainty disrupts the flow of the procedures.
1. TASK ONE
The studies on knowledge and its characteristics have long been explored and discussed in the business and supply chain world. With the emergent of technology and innovation, the possession and practice of knowledge has become more essential in this “knowledge society” (Nonaka, 1994; Bell, 1973; Drucker, 1968; Toffler, 1990).
But what is knowledge and how does an organization activate and generate knowledge? Knowledge is defined as “awareness, consciousness, or familiarity gained by experience or learning” (knowledge, n.d) which are the ways people in a social situations would understand and make sense of where they are and what they are doing. When knowledge is conducted and embraced in an organization, it will result to a group of people who develop shared beliefs, behaviours and routines that shape organization capabilities.
Experts such as Polanyi (1966), Nonaka (1994) and Cook and Brown (1999) divide knowledge into two categories called tacit knowledge and explicit knowledge. Tacit knowledge is associated with the skills or know-how that people developed through their own experience in specific contexts. Whereas explicit knowledge is something that has been codified, written down or spelled out and is communicable across context.
1.2 Possession and practice
From the word possession itself, one can understand that it is about the knowledge that people have in their mind (Cook and Brown, 1999). Blackler (1995), and Cook and Brown (1999) refer possesion of knowledge as “knowledge” and practice of knowledge as “knowing”. Knowledge is a mental or cognitive capacity which is hierarchical in nature and comprises of data, information etc. moreover, possession of knowledge is a personal property where people render meaning from subjective experiences, perceptions and previous understanding. As human minds are individually unique, hence different people may perceive and intepret the same information or data differently.
Meanwhile, practice of knowledge sees knowledge as something that it developed through social interaction such as project work, group assignment or group discussion. When people practice knowledge, they convert tacit knowledge into explicit knowledge, thus transferring knowledge from one person to another. This is done through sharing stories, experiences or creating...
In this case we get an entire scenario about how the Japan deflation set in, what were the effects of the deflation on the economy as well as on the people of Japan. It also mentions about the various reasons because of which Japan was in such a tight grip of Deflation, Depression, Demographics and Debts Guides us through the steps taken by the government in order to curb this deflation. Imparts a great knowledge to us about the various economic terms like deflation, self-liquidating credit, Non-Self Liquidating Credit and how the people and economy of a country is affected by these.
Free markets economies are subject to cycles. Economic cycles consist of fluctuating periods of economic expansion and contraction as measured by a nation's gross domestic product (GDP). The length of economic cycles (periods of expansion vs. contraction) can vary greatly. The traditional measure of an economic recession is two or more consecutive quarters of falling gross domestic product. There are also economic depressions, which are extended periods of economic contraction such as the Great Depression of the 1930s.
From 1991 through 2001, Japan experienced a period of economic stagnation and price deflation known as "Japan's Lost Decade." While the Japanese economy outgrew this period, it did so at a pace that was much slower than other industrialized nations. During this period, the Japanese economy suffered from both a credit crunch and a liquidity trap....
Mary Roberts had been with the company three years when she was promoted to manager of the tax department which was part of the controller’s division.Within four months she became a supervisor of ten staff accountants to fill a vacancy.Her superior believed her to be most qualified individual to fill the position.
Many senior employees resent her that she so young to fill the position and what made them more upsets was the fact tax managers did not discuss the promotion.
1.What can Mary Roberts do about the resentful senior employees?
Mary should tackle this head on she should be direct and assertive about her expectation and when people are crossing the line that means she need to be clear with people when their behavior doesn’t meet her standards and she need to be willing To set and enforce consequence if it doesn’t change
2. Can higher management do anything to help Roberts make the transitions to greater responsibility?
Yes, because they are the one who put her in that position of course they will help Mary interms of guiding it `.
3. Will her lack of technical knowledge hinder Mary’s managerial effectiveness?
No, because lacking on some aspects on technical knowledge cant bankrupt or destroy a company as long she have a guts to face and accepts failures
4. Should Mary’s superior have discussed the promotion with the senior employees before announcing it?
No, because its not their obligation...
...February of 1999. In the past four months, the NC design had developed
sustainability. The Bostrom alliance agreement for the truck market had been concluded. The
question about Elio's strategy for the entry into automobile still remained. Should Elio's joint
venture with Bostrom? Should it partner with a tier-one or a tier-two automotive supplier?
Was Elio's technology strategy aligned with the requirements for a successful entry into the
automotive market? Paul and Hari realized that they needed answers to these questions in
the coming days.
This casestudy discusses the start-up, origins and strategic options facing an innovative set up
and start up in automotive market and in the seat design. With the domination of the
incumbent large suppliers serving the top 3 leading tier-one automakers of U.S.,
Engineering faces several challenges as it seeks to introduce its new seating technology to the
market. The case can serve as vehicle to discuss important themes such as technology and
business strategy, invention and innovation, bringing technology to market and profiting from
Elio's should make a joint venture with Bostrom. Elio's has made a seat design naming "No
Compromise" with progress on cost, weight and performance compared to the conventional
design and also the existing all-belt-to-seat (ABTS). After many functional prototypes and
computer aided structural analysis, a perfect design...
...EST 1 Task 310.2.1-05See how we can help
Because Company Q is a small, local grocery store in a major metropolitan area it can at times be very over whelming. Big chain stores are putting family owned stores out of business on a constant basis. This reason, along with social responsibility taking hold of companies, brought on by consumers demanding that companies adjust their thinking from a profit-seeking standpoint to being socially and ethically understanding to all consumers in their business ventures.
Recently, due to decrease, in sales Company Q had to close two stores in high crime rate areas. Those closures where due to the result of months of losses in profits from those two stores. If those stores, in higher-crime areas were not making a profit, you may want to ask "what is the reason they were losing money on a consistent basis? Could it have been that we had not taken a social responsibility towards the community when the stores were established?” To take and maintain a socially responsible approach to the community throughout all of Company Q’s store locations will mean understanding, not only the wants but also the needs of our customers and the responsibility we have towards the community. When we understand our patrons and the communities that we do business in, then our relationships with our patrons and the community will flourishes within that community.
Company Q, after many years of customer requests,...
...January 31, 2011
Honda’s emphasis on technology began with Sochiro Honda’s own tinkering to develop engines one at a time, and his ambition to build and race high performance motorcycles. The success of his higher horsepower engines confirmed his ability as a designer. Beginning with the study of combustion, he doubled horsepower and halved weights of engines.
The establishment of The Honda Institute of Technology was misleading because, while it sounded big and impressive, it consisted of just a few men. The establishment did, however, create an image of technological improvement of the motorcycles and a growing organization.
Targeting the local delivery market in Japan was the idea of Honda’s partner, Takeo Fujisawa. Fujisawa encouraged Honda to design a motorcycle for local couriers who carried small packages. Honda adapted his technology for a commercial motorcycle called a Supercub. It featured an automatic clutch and starter, and step-thru frame.
Targeting the low end market in the US was a dilemma for the owners of Honda. They preferred to gain a reputation as a large engine motorcycle manufacturer, but their large bikes were not built for the distances and speeds needed for the US roads. The large bikes were sent back to Japan to correct oil leaks and clutch failures.
During this time, the smaller bikes, called the Supercubs, were noticed by the buyers...
...Case: HBS Case 595-057
Q1. Why is Makita outselling B&D 8 to 1 in an account that gives them equal shelf space? (Opening paragraph)
Ans. Perception of Quality - Makita have positioned themselves as a premium product in the profession power tool segment. B&D, as a result of its market leadership with 50% market share in consumer market segment, is considered an inferior brand to Makita as tradesman believe that the brand is more geared towards amateur than professional. The consumer and professional market segment are differentiated by skillset of the users of the tool - consumer segment is considered an amature segment requiring low performance tools whereas professional segment requires highest performance tools.
Another related issue is the color of the product. Charcoal grey & Black is generally associated with the consumer brands as most consumer brands including Craftsman, Skill, Wen, and Private Label are sold in this color whereas almost all the professional grade tools are sold in non-charcoal grey/black color. Tradesman are sub-consciously associating BD brand with consumer brand and hence are inclined to choose Makita over B&D.
Q2. Why are Black & Decker's shares of the two professional segments - Industrial and Tradesmen - so different? Wouldn't you expect them to be similar?
It is very interesting to see such a wide difference in the acceptance of the B&D product. Here...
2 February 2015
Feasible alternative fuel development is essential to sustainable resource management and the alternatives to fossil fuels as presented in Watershed offers promise and hope critical to the survival of our ecosystem.
Before the Industrial Revolution, the human species relied on the sun for heat along with biomass (typically firewood) straw and dried animal dung. Horses provided muscle power to do things outside of human strength, like pull plows to till the land. Steam engines are traced back to ancient Alexandria time (Union of Concerned Scientist, n. d.). Improvement continued throughout the years. In the mid-1700s, Thomas Newcomen and James Watts created what is now the modern coal- powered steam engine. A single steam engine worked as efficient as twelve horses. Shortly after locomotives and factories began using steam engines. Coal was also used to smelt metals and heat buildings. In 1881, the world’s first hydroelectric plant became operative to assist in grinding corn (Union of Concerned Scientist, n. d.).
Toward the turn of the century, the pesky well water contaminant, petroleum, was converted into oil, which...
...In the casestudy of Brussels and Bradshaw, it is apparently clear that Audrey Locke, a summertime intern, was faced with many unnecessary workplace created stressors. Brussels and Bradshaw is a well-known investment banking company that Audrey Locke strived to intern for. Audrey was well prepared and had an astonishing resume. The downward spiral in the economy made this internship more competitive and desired. Audrey was warned of the intensity she would endure at Brussels and Bradshaw by some of her friends, but Audrey relished in the opportunity the position would provide as she immediately accepted it. The May two week training, in Chicago, went rather smoothly for Audrey and she was eager to report to the Toronto office and begin working.
On August 26th, Audrey is sitting outside the acting Business Development Manager’s (Kelly Richards) office awaiting her final review, pondering the mass amount of issues during the last few weeks at B&B, and whether she wants to accept a position with the company if offered. Out of the eleven possible workplace stressors outlined in the textbook, ten were apparent in this casestudy. Role conflict, role ambiguity, work overload, occupation, resource inadequacy, working conditions, management style, job insecurity, incivility in the workplace, and perceived gender issues.
Had Mrs. Richards received HR training, she would be in a better position to...