It depends Essay Example | Topics and Well Written Essays - 2500 words

It depends - Essay Example Furthermore, penetrations into international or foreign markets also help to intensify the demand and brand image of the organization in the market. As a result, such type of penetration helps to improve the total sales and position thereby amplifying its reputation in the market among other contenders. Due to these reasons, maximum extent of the organizations desire to expand its operations into foreign markets. Internationalisation is recognised as a procedure to identify and penetrate the most feasible foreign market so as to enhance its operations. By doing so, the organization might increase its market share and brand value that may improve its inner strengths and opportunities as compared to many other rival contenders. An organization may enter a foreign market just by exporting its product lines so as to increase its level of awareness and credibility (Mathews, 2002, pp. 467-488). Apart from this, an organization might establish a joint venture with another domestic firm of that country so as to increase its total sale and net income. With the help of licensing also, an organization might enter the new foreign market and increase its revenues and profitability. Other than this, the organization may introduce its franchises and enhance its portfolio and position in the foreign market to a considerable extent. Hence, an organization may enter the foreign market with the help of the above mentioned ways. In this age, maximum extent of the organizations desire to develop their entities outside the state border. The prime reason behind this desire is to exploit the opportunities in both domestic and international border. However, in order to expand the operation of an organization in overseas markets, it’s extremely essential to analyse the market scenario and competitors activities. Only then, it may enhance its productivity and profitability in those unknown markets as compared to many other contenders. Thus, the

Knowledge and knowledge management Essay Example | Topics and Well Written Essays - 750 words

Knowledge and knowledge management - Essay Example Knowledge management practitioners and scholars acknowledge that there exist knowledge that is hard to articulate and grasp. Most of these scholars to approach the issue by a taking the representational point of view and trying to represent that which is not representable, that is, trying to make hard the soft knowledge. However, knowledge as a soft or hard quality brings out a clear perception that this is not the right understanding in knowledge management. Wenger (1999), in his understanding of knowledge management, uses shared artefacts and social processes as his case study to explain individual’s reification and participation in understanding KM If we concur that experience and interaction with individual’s milieu necessitate the learning process, then it is also easier to concur that learning involves explicit and tactic knowledge. Argote and Ingram (2000) emphasizes that the main key attribute to knowledge is that it exists in the head of individuals, and it only becomes information when it is on paper or any other medium. The original knowledge, however, remains in the author’s mind and an ideal world it is only transmitted to the readers mind through this medium. According to Grover and Davenport (2001), progresses today has seen to it that knowledge is put on record inform of stories. The above sentiments created sparks among the knowledge practitioners who questions the form that the knowledge takes in the story. With other such as Woods and Prusak (1999) wondering on whether the soft knowledge is transforming to be harder. During articulation and understanding there is always some levels of abstraction. In order to retrieve something back, the soft knowledge is necessary. Kidd (1999) explains that an individual who concentrates on the hard aspects of knowledge, mostly newcomers, can only comprehend a story at its superficial level. He further illustrates that the interpretation