Knowledge Management Essay Example | Topics and Well Written Essays - 500 words - 2

Knowledge Management - Essay Example The involvement of the company employees in the process was effective especially in top and middle level management who understood the whole process successfully. With the effective communication within the top and middle level managers, it was possible with the plan to be implemented at these levels. The sales volume increased as proof of the effective nature of the Knowledge management. The volume of sales increased by 2% annually because of the implementation of the new process. Increase in sales volume is a result of change in management style. However, the focus of the group has been on the top and middle level management levels, which was considered beneficial and vital. However it creates other problems that must be addressed for the total improvement of the whole process. The inability to reduce staff turnover indicates the challenges in the implementation of the change process. The implementation of the change made is complex for some of the employees. The reduction of the staff turnover can be achieved by simplifying the knowledge process with the main focus of the process being the simplicity of usage. Access of information about the current products is considerably by the enactment of the new technology. The restricted access led to the development of problems in information sharing between the sales agent and the customers leading to failure in communication and creation of awareness. The application of technology did not factor in the low level employees making the implementation process complex in areas involving lower level employees. The most affected in the process is the sales agents because of the nature of their work. Customers require faster information sharing especially in issues of product specifications. The online platform does not allow the sales agent to access information fast thus

The International Business Environment Essay Example | Topics and Well Written Essays - 3750 words

The International Business Environment - Essay Example This research will begin with the statement that in the present state of the global economic situation, the concept of Foreign Direct Investment (FDI) has attracted significant attention both domestically and globally. As such, FDI has been regarded as a vital element to consider in evaluating the economic development of countries around the world, particularly developing ones. Different empirical studies reveal that the relationships that prevail between economic development and FDI are multifaceted. From a macro aspect, FDI indicators represent high productivity, employment situation, technological spillovers, and competitiveness. For the less developed countries, FDI represents access to international currencies and markets, higher exports, and a source of financing. Research shows that FDI plays a vital role in promoting local firms. The efforts that countries make to help them attract FDIs result from the positive influences they have in an economy. FDI boosts productivity, tran sfer of technology, know-how, managerial skills, unemployment reduction, international production systems, and access to foreign markets. In this case, FDIs should be considered as ways of realizing technological spillovers, which have the significant contribution to the growth of an economy as opposed to the case of national investments. This practice leads to advanced technologies’ spillovers to local enterprises. Conversely, FDI has the potential of crowding out local firms, leading to negative impact on the economic development of a country. Various researchers stipulate that the positive effects associated with FDI are few and that most of the resulting effects are negative. Though FDI is associated with particular positive effects, the relationship that prevails between them and economic development are inconsistent. The potential negative or positive effects resulting from FDI on an economy are also dependent on the sectors nature, in which an investment will be carrie d out. For instance, the benefits of mining and agricultural sectors are limited.