Knowledge management issues in the new global economic order - Essay Example

Only on StudentShare

Extract of sample
Knowledge management issues in the new global economic order

At the same time technology is playing a major role in the development and existence of the Trans national companies. The Board, chief executive officers and top level of the management always think about new strategies and systems to maintain the growth and prospects of their organisation. However the growing competitive environment and emergence of new industry houses from developing markets are compelling existing multi national companies to give shape for solid action plan for the long term existence. With the opening up of economies world over the capital flow has now become more free and margins have come down significantly. Most of these companies are now working on shoestring margins or carrying out specific cost saving measures to increase their competitive advantages. The major challenge these companies are facing today is the high competitive advantage for companies in the emerging economies such as India, China, Brazil and other East Asian countries. Companies from these areas have an inherent competitive advantage due to the availability of cheap labour, raw material and skilled human resources. Also these companies have good knowledge of their domestic market, which is now emerging as the largest global market. It is in these geographical areas that a two third of the global population lives. ...Show more


The process of innovation has a greater role in the new global economic order. Increasing competition and expanding markets are compelling the large multi national companies to undergo a continuing process of evaluation and remodeling of business strategy and improving product profile…
Author : vernjaskolski
Knowledge management issues in the new global economic order essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Knowledge management issues in the new global economic order"
with a personal 20% discount.
Grab the best paper

Related Essays

Knowledge Management
The writer believes that if organisations are “running twice as fast”, they have come up with a variety of procedures and techniques to improve their profitability and exploit all possible opportunities. Knowledge management is amongst one of them. It is a process through which companies generate mutual value from the collective and individual wisdom.
7 pages (1750 words) Essay
Global business managers should consider and deal with the knowledge management challenges in a holistic manner taking into a
The central part of the model is that people tend to share the knowledge that they have and this mixes with the new knowledge. Interaction of explicit and tacit knowledge leads to creation of new knowledge in organizations. Knowledge management is crucial because it helps in achieving of goals and objectives.
7 pages (1750 words) Essay
Social science knowledge can be regarded as indispensable to the delivery of penetrating socio-cultural transformations to the environmental problems confronting the society. Anthropologists appreciate the variety manifest in the society and human cultures.
12 pages (3000 words) Essay
Moreover, the portfolio contains in- depth research and analysis about multinationals from all industries. Some of the companies included in research are Boeing, Vodafone, Reuters, Bloomberg, and McDonald's etc. There is no specific set of qualities, skills and abilities that a manager needs to be efficient and effective.
8 pages (2000 words) Essay
Modern Knowledge Management Practices
Information, knowledge, and skills have become the key aspects of new economic environment. Effectiveness of the traditional "command-and-control" management is gradually decreasing while knowledge-based human resources continue to reinforce their role as the primary asset of modern organisations (Wright & McMahan, 1992).
11 pages (2750 words) Essay
Knowledge Management literature review
The literature review focuses essentially on the aspects that are necessary for high quality field servicing which would in turn lead to higher levels of customer satisfaction having a direct spin-off on improved sales and marked improvement and referral sales within the organization.
8 pages (2000 words) Essay
Global Economic Issues
The theoretical constructs on globalization have been varied and complex. This diversity has injected a considerable amount of controversy and conjecture into the current discourse on the subject
10 pages (2500 words) Essay
his good at a higher price to other countries and import goods in which it has comparative disadvantage from countries that has comparative advantage in the production of these goods. The features that define global economic development are Internationalisation of production as
15 pages (3750 words) Essay
Contemporary Issues: Knowledge Management
As the report declares knowledge management is an important strategic asset in the current corporate world in which all types of organizations are finding it necessary to invest in sufficient KM strategies to manage knowledge and information in a way such that the maximum benefits of the available knowledge can be extracted. 
9 pages (2000 words) Essay
Knowledge Management
The main issues include lack of modern systems to help in better knowledge management, lack of better ways to convert tacit knowledge into explicit knowledge. The other main
9 pages (2250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email