Establishing Global Connections through Technology - Case Study Example

Case 2 Summary The case analysis highlights the importance of using analytics competitor strategy so that they are able to differentiate their strategy in comparison to other competitors in the market. The case brings forward the fact that all organizations look to work on similar strategy like cost, marketing, product features and so on. To be able to differentiate one from other competitors in the market it is imperative that analytics competitor strategy is used which will be aimed helping to find out the future inventory needs, the competitors strategy, the customer base, the loyal customers and other smaller aspect which will help the business to find out the different directives through which better objectives will be achieved. To gain efficiency in the use of analytics competitor strategy it is imperative that correct people are hired and correct technology is used. This will help to provide useful information which might otherwise would have been avoided or missed. The focus here should be towards channelizing the different resources in the manner through which different information pertaining to customer loyalty, customer services, pricing and other areas will be found. The article stresses on the point that businesses need to focus on the qualitative aspect and also understand the different limitations that the process has. This will help to generate better and positive results through which effective decision making will be ensured. The article thereby looks at highlighting the manner in which analytics competitor strategy will help the business to bring effectiveness and bring about a change in the manner different business decisions are taken. Recommendations Businesses based on the different needs need to look at formulating strategies where they look at adopting analytics competitor strategy as it will provide added advantage to the business process. This will help the business to work on the smaller areas of business through which greater efficiency will be achieved and the business will be better controlled and coordinated. The use of analytics competitor strategy will bring forward different areas and scope through which the overall business dimensions will improve and will thereby transform into better business opportunities and better use of different resources. Businesses also need to plan and ensure that they have the required workforce who has the required skills to handle the software. This will require specially skilled and trained workforce so that they are able to work on the different aspect and look into minute details which will provide an edge against other competitors in the market. The adoption of analytics competitor strategy should be matched by proper technology integration so that the business process results which are generated based on it provides superior results. The use of technology is required to ensure that the different business fundamentals and needs are linked to one another. Results generated based on it will be thereby more powerful and will help to improve the mechanism through which decisions are taken. This will thereby bring about a change and ensure that the business is able to work on areas through which effectiveness and efficiency will be gained in the manner different business process are carried out. Case 4 Summary The article highlights the importance of knowledge management in developing business and shows the manner in which different strategies are used by organizations based on their needs and requirements. The article stresses that organizations need to use strategy which they think would be the best fit for the organization. The different strategies which business uses for knowledge management are codification and personalization. The codification strategy aims at using technology where through the use of technology quick and fast response for different problems can be identified. This strategy requires large investment in technology and can be circulated to large people. Even retrieval of information is easy and the chances of making changes to the developed result are less. The focus mainly is on the whole business and requires trained individuals having the required knowledge in the concerned directions so that better results can be executed. The personalization strategy looks at using direct contact from one person to another and aims to provide advice to highly important matters felt at the top level. The dependence on technology is low which thereby makes the cost related to technology to be low. Despite the low cost on technology the fees charged by experts for the different solutions is high and usually focuses on a smaller team for different results. The process required trained people so that different mentorship programs can be carried out and the overall impact which it provides is maximized. This requires that organization needs to look at choosing the model which they think is the most appropriate and should look at using strategy through which maximum gains will be possible. Recommendations Organizations need to develop a process which will be aimed towards developed of knowledge management process as it will help the business to provide different useful inputs through which overall effectiveness and efficiency will be gained. The use of knowledge management will provide useful information regarding different inputs and areas so that business is developed on parameters through which effective decisions are taken. The process of adopting knowledge management techniques should be such that it helps the business to improve effectiveness and should be chosen based on the needs and requirements of the business. The adoption of knowledge management techniques should be directed towards improving the use of resources and should simplify the overall mechanism through which different activities are carried out. Businesses should choose only one technique and should not look at using both the techniques as it will lead towards duplication of work and could also lead towards a situation where the processing of information might not lead towards the same advantage. This will also lead towards clashes and will increase the overall differences as it will increase complexity and make it difficult for the business to carry out the work in an effective manner so choosing one technique based on the need and requirement will be wise. \ Read More