Managing communication,knowledge and information Case Study

Managing communication,knowledge and information - Case Study Example Contrarily informal information has no definite format. It is not structured. Telephone calls, notice boards, memos, notes etc. are most common types of informal information. Knowledge can be stated as the useful insight and wisdom which gets developed from the processed information (Bazerman and Chugh, 2006). Knowledge can be essentially of two important types, namely tactic and explicit. Tactic knowledge is found through the companies own vision, experience, practice, values, thinking and perceptions. While on the other hand explicit knowledge is largely found existing in documents and other recorded forms. It is highly formalized and codified. Such knowledge can be recorded in different artifacts, books, records, patents and database etc. The spiral conversation is a model which interlinks socialization, externalization, combination and internalization. The model states that communication moves from being tactic to explicit and vice-versa in a spiral or revolving form. Hence it is understood that for explicit knowledge to exist, the tactic knowledge must be generated. Similarly, tactic knowledge derives out of explicit knowledge. Classic badges can make use of the system by incorporating a systematic conversation technique which transforms tactic into explicit knowledge and the reverse. In case of Classic badges, for making their business successful, timely information from customers in respect of demand is essential. This would require suitable communication channels which would transmit information within less time. Also, suitable information channels must be established with suppliers of materials (Robbins and Judge, 2013). From the procured information, organizations are required to establish rational connections exercising their skills and understanding and formulate knowledge base which guides in taking crucial decisions. In case of Classic Badges, the timely information in respect to demand and

Porter and National Competitive Advantage Essay

Porter and National Competitive Advantage - Essay Example It is evidently clear from the discussion that Porter’s National Competitive Advantage theory gives a complicated tool for evaluating competitiveness with every implication. Porter’s theory provides to recognizing the â€Å"competitive advantage of nations† in global production and trade. Its core, on the other hand, concentrates upon individual firms, in which the values of competitive advantage are involved. The concept of competitive strategy and competitiveness comes from the business. Industries compete for resources and markets, measure competitiveness by examination of comparative market shares, growth or innovation and utilize competitiveness policy to progress their market performance. Porter thought the competitiveness of a country depends on four major determinants, they are factor conditions, demand conditions, supporting industries and â€Å"firm strategy, structure, and rivalry†. Although these four determinants affect the continued existence with a competitive advantage in an entire nation, their character states that they are further exact of a particular industry rather than typical of a country. The reason for that in the theory of Porter is that the essential unit of analysis for understanding rivalry is the industry. Factor conditions being the input that affects rivalry in any firm include several broad categories. That includes Human resources, Physical resources, Knowledge resources, Capital resources and Infrastructure resources. Whereas examining these factors as a precondition for building competitive advantage, it is comparatively insignificant to highlight just their involvement in a specific industry. What decides their effect on competitiveness is the quantity of effectiveness and efficiency of the method they are organizing within an industry.