Knowledge Management Assignment Example | Topics and Well Written Essays - 500 words

Knowledge Management - Assignment Example The two dimensions of knowledge capture strategy are tacit knowledge and explicit knowledge. Tacit knowledge deals with unconscious internalized knowledge that person is not aware of. Explicit knowledge refers to conscious knowledge the person can use to communicate with others; it is prà ©cised and can be formally articulated (Orsoc, 2003). The employees that are going to retire have different profiles. The first employee is highly outgoing, has good verbal communication skills. The second employee is shy and likes structure work settings. His teamwork abilities and skills are low. The person is efficient and has other good qualities that have helped the organizations over the years. His strength lies in explicit knowledge. The obstacle I anticipate with the second employee is that he might be unwilling to participate in any type of voluntary knowledge transfer program. For a knowledge capture strategy to be effective the participants must be motivated. A way to motivate employee o ne is by offering the person a compensation bonus of 25% the base salary. The employee would spend 10 hours a week of his 40 hour shift implementing knowledge capture strategies with the staff. The first employee is a person that is tailored made for knowledge capture strategies. The employees’ strength can be used to create a program that implements multiple strategies. This employee should be retained to increase the firm’s employee customer retention. The proposal is for a three year part time knowledge transfer program. As the leader of the knowledge capture program employee B can used varies knowledge capture strategies simultaneously. Two of them are cross project learning and mentor-protà ©gà © relationships. The employee would participate in five project teams in all their meetings as a silent observer. He would then provide them with feedback at the beginning of the next meeting. Another of his role is to serve as consultant for the five project teams. The

What actions might be taken by the government of (one country) to Essay

What actions might be taken by the government of (one country) to reduce and limit price fluctuations of coffee - Essay Example If the price of any product fluctuates highly then the government can limit the fluctuation through minimum and maximum prices, also referred to as price flooring and price ceiling respectively (Dineshbakshi, 2015). The government can set a maximum price which must be below the equilibrium price of coffee in order to be effective and disallow trading above that price level (Dineshbakshi, 2015). As, the price is below the equilibrium it will lead to excess demand and eventually lead to a shortage. In such cases there will also be some consumers who will be willing to buy coffee at a higher price than the price set by the government and this will lead to black markets being created (Dineshbakshi, 2015). The situation cannot be left this way and let the economic situation of the country worsen, thus further actions are required by the government (Dineshbakshi, 2015). Government may take total control of supplying these goods or even producing goods itself (Dineshbakshi, 2015). But the problem may remain as people may not sell all their stock of coffee and black markets may still remain. On the other hand if the government takes control of the production in its hand, it will be accompanied with may management and other technical issues. The government can also help in eliminating this black market and the shortage in the market by supplying coffee from its own stocks (Dineshbakshi, 2015). All these steps by the government will lead to the supply curve shifting rightwards, achieving equilibrium and eliminating shortage (Dineshbakshi, 2015). On the other hand, if the government sets a minimum price which must be above the equilibrium price in order to be effective and ban trading lower than that price level; it may also help in reducing price fluctuations (Dineshbakshi, 2015). As the price is set above the equilibrium price it will lead to higher supply and lower demand leading to a surplus of coffee in the market (Dineshbakshi, 2015). Surplus can also be catered