agency to divide the gains of the cartel. Difficulties: 1. Coordinating collusion is a problem‚ despite the fact that is maximizes industry profit 2. Overt or explicit collusion is illegal in the U.S. 3. Most efforts to fix prices are tacit (conscious parallelism) 4. The trick is to influence rivals behavior by signaling and threatening to punish defection 5. Need cooperation-inducing strategy as a “focal point” – a strategy so compelling that a firm would expect all other firms
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Table of Contents 1.0 Introduction 2 2.0 Strategies of Implementing Knowledge Management 4 2.1 Identification of key actors 4 2.2 Knowledge Management Platform/ System 5 2.3 Spreading the Word – stimulate the use of Knowledge Management 5 3.0 Benefits of Knowledge Management 7 3.1 Employee Development – Value Creation 7 3.2 Increased Customer Satisfaction‚ Trust and Loyalty 8 3.3 Support Tool for Marketing Initiatives 9 3.4 Better Coordination of Technology Alliances 10
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THE STUDY OF CRITICAL SUCCESS FACTORS FOR KNOWLEDGE-BASED TECHNOLOGY SERVICE INDUSTRY INTRODUCTION 1.1 Research Background Most Taiwanese have witnessed the development of Taiwan with the focus on from agriculture‚ textile industry‚ light industry‚ electronic industry to hi-tech industry today. Due to the right direction of development chosen by local industries and the smooth transformation of Taiwanese industries‚ people here live a good life. Going to great length to develop hi-tech
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Review of a Journal Article – Ensuring the effectiveness of a Knowledge Management Initiative (James Bishop‚ Dino Bouchlaghem‚ Jacqueline Glass & Isao Matsumoto‚ 2008) Introduction Knowledge Management (KM) initiatives are the different approaches adopted by companies which incorporate the shared characteristic of a company’s commitment to developing the flow of knowledge and the maintaining the use and dissemination of knowledge to create economic value (Clarke & Rollo‚ 2001). Bishop et
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Strategic Management Journal Strat. Mgmt. J.‚ 21: 1105–1121 (2000) DYNAMIC CAPABILITIES: WHAT ARE THEY? KATHLEEN M. EISENHARDT* and JEFFREY A. MARTIN Department of Management Science and Engineering‚ Stanford University‚ Stanford‚ California‚ U.S.A. This paper focuses on dynamic capabilities and‚ more generally‚ the resource-based view of the firm. We argue that dynamic capabilities are a set of specific and identifiable processes such as product development‚ strategic decision making‚ and
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‘The strategic importance of knowledge management and intellectual capital has become increasingly central to the development and sustainability of a business’s competitive advantage.’ Explain what is meant by this statement. Illustrate your answer with examples from one organisation with which you are familiar. “The only certainty is uncertainty” 1 with this in mind the knowledge and intellectual capital of an organisation is a critical factor in defining competitive advantage and a key strategic
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other family members‚ friends and caregiver also play a role of cognition development in children. How can this theory be applied to the classroom and diverse learners? This theory can be applied in the classroom and to diverse learners with the knowledge of the development milestones of the appropriate age children‚ learn the developmental state of the child‚ and provide the material and opportunity for the children to be able to complete the task and to do the task with assistant from others‚ therefore
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Learning Humankind seeps knowledge through the various activities that happen within his realm. The active experiment of learning and having passive observation go hand in hand‚ but restricting the human mind to these two forms of knowledge is wrong. The action of hearing out someone is not technically passive it involves activity and observation incorporates stimulations of sensory organs. The student who sits in class will not be participating in observation knowledge if the eyes that are expected
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cannot deny the impacts of Information and Communication Technologies on the economy‚ business and society. Some experts refer to the “new economy” as being weightless‚ in which the demise of manufacturing is balanced by growth of professional and knowledge work. Together with the rise of new service industries these are changes towards post-industrial era‚ facilitated by the global interconnectedness. Furthermore‚ technologies are seen as effective mechanisms for achieving organizational change and
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In his Second Treatise on Law and Government‚ John Locke outlines clear and coherent standards for what constitutes a legitimate government and what persons one such government would have authority over. Both are determined by citizens’ acts of consenting to relinquish to the government part of their natural authority over their own conduct. Unfortunately‚ the situation becomes much less clear once we consider how his standards would apply to the political situation existing in the real world today
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