Challenges Ahead in Running Department Store Business in China - Dissertation Example

Technology, in the form of ERP, SCM and even CRM are tools that will enable the organization to store data. The data generated by this software then becomes information that can be related to other information for it to become tangible knowledge. Knowledge is then used to become the basis or intelligence for a working action plan to achieve a particular goal. Each employee in a learning organization is tasked if not has the responsibility to share their tacit knowledge to contribute to the organization’s explicit knowledge to sustain growth.

Creating a learning organization is not a walk in the park, the challenges faced by an organization in its transformation to a learning organization shall be explored in this paper.ing and Leading Fundamental Change in Organisations”, Richard Beckhard & Wendy Pritchard commented: "It is no longer true that organizations can (1) Control their own destiny (2) Operate in a stable and predictable society." Therefore to have competitive supremacy, increasing profits, and maximum control over a company's destiny it is essential to innovate, learn quickly, and respond quickly.

This must be done by managing change within the organization (Beckhard & Pritchard, 1992). This paper shall discuss the possible challenges of Guanzhou GrandBuy Co. Ltd. or GrandBuy for brevity as it transforms itself from an organization that did not worry about profit or its bottom line to a learning organization that will enable them to sustain its growth without government intervention. They understood that good strategic management only exists with a good knowledge base within the organization.

Therefore, GrandBuy emphasized the need to upgrade the knowledge quality of the whole organization from management to staff of all levels. They strive to transform GrandBuy into a Learning Organization.