MGMT 370 Study Guide - Job Performance, Knowledge Management, Topnotch

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harlequinjellyfish455

30 Oct 2014

School

Iowa State University

Department

Management

Course

MGMT 370

Professor

All

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Document Summary

Copyright 2009 by the mcgraw-hill companies, inc. all rights reserved. Organizations recruit talent from all over the world. Internet use is increasing consumer demands and changing the way people work. The best thing business schools can do to prepare their students is to encourage them to look beyond their own backyards. Globalization has opened the world for many opportunities, and schools should encourage their students to take advantage of them. Provides access to information, allows better-informed decisions, and improves efficiency of decision making. Knowledge workers - workers whose primary contributions are ideas and problem-solving expertise. Knowledge management practices aimed at discovering and harnessing an organization"s intellectual resources. Job performance evaluation is difficult because of the lack of quantitative measures of output. Finding, unlocking, sharing and altogether capitalizing on employees" expertise, skills, wisdom, and relationships. Relies on software to allow employees to contribute and readily share knowledge with one another. Knowledge management ensures communication across boundaries to facilitate collaboration.

Related Questions

The two biggest drawbacks or disadvantages of unrelated diversification are

A)underemphasizing the importance of resource fit and the strong likelihood of diversifying into businesses that top management does not know all that much about.

B)insufficient cash flows to finance so many different lines of business and a lack of uniformity among the strategies of the businesses it has diversified into.

C)volatile sales and profits and making the mistake of diversifying into too many cash cow businesses.

D)the difficulties of competently managing many different businesses and being without the added source of competitive advantage that cross-business strategic fit provides.

E)over-investing in the achievement of economies of scope and the difficulties of achieving a good mix of cash cow and cash hog businesses.

carmineserval589

Checking the competitive advantage potential of cross-business strategic fit involves:

A) evaluating a diversified company's profitability relative to competitors.

B) examining a company's costs relative to the costs of its chief rivals in the industry.

C) determining if there are opportunities to exploit outsourcing opportunities by a diversified company's lineup of businesses.

D) considering what competitive value can be generated from a strategic fit.

E) evaluating how much benefit a diversified company can gain from cross-business value chain matchups and resource sharing.

taupegerbil434

You head up the interdepartmental design review team for a manufacturer of high-performance motorcycles, and things are not going well at the moment. The design engineers and marketing strategists keep arguing about which should be a higher priority, performance aesthetics, and the accountants say both groups are driving the cost of the new model through the roof by adding too many new features. Everyone has valid points to make, but the team is getting bogged down in conflict. Explain how you could go about resolving the stalemate.

indigocattle873

MGMT 370 Study Guide - Job Performance, Knowledge Management, Topnotch

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