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The organization tracks various sectors starting from ‘aerospace and defense’, ‘chemicals, materials and food’, ‘consumer products’, ‘electronics’, ‘environment and energy’, ‘health care’ , ‘Information and Communication Technologies’, ‘Industrial automation’, and ‘transportation’. (Frost and Sullivan Research Archive, n.d.). The organization currently possesses more than 1800 industry consultants, market research analysts, technology analysts and economists. The organization has been such uniquely designed that it helps to integrate ‘training’, ‘research’, and ‘strategic growth consulting skills’ with the players in the industry.
The knowledge base mainly comprises of the researchers. The research analysts are supervised by the industry analysts and hence by the directors. There are ten client business units and each unit has its own director or set of directors. These groups require specialization of knowledge and expertise in the respective subject areas. The company mainly acts as growth consultant for its clients. (Frost and Sullivan: Home page, n.d.) In the year 1998 the organization saw the successful launch of the new division which was called “Stratecast”. This division was primarily built to perform actionable, conclusive, and insightful strategic analysis utilized by the telecommunications industry. The senior executives were involved in the critical ‘business strategy’, ‘technological strategy’ and ‘tactical strategy’ decisions. The organization has been able to serve its clients by developing tools which are invaluable in planning and forecasting their business. The company has also gone ahead and launched a comprehensive industry newsletter which has benefitted the clients in a big way. Clients are able to keep a track of the market trends and news. These newsletters are called ‘Global Opportunity Newsletter’ and they
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This has been as a result of the competitive nature of the business sector that the organizations are dealing in. However, some organizations have managed to achieve this domination of the market and managed to enjoy a competitive advantage at the expense of other companies.
Through the application of KM, an organisation can enhance its performance by creating new knowledge as well as sharing it amid all levels of employees along with utilising that knowledge which in turn ensures effectiveness within overall organisational performance.
The Romans also through their rich diversity in the ancient periods also had these practices more in their housing projects. In the major events that they developed included the large Roman Thermae, which they used as a spa. As time went by, technology and knowledge also widened their building criteria and designs.
One of these emerging technologies is 3D printing and remote manufacturing. It is a technology that came into being in 1984, and since then, it has become threat to industries as it is slowly phasing out what used to be the traditional way of printing objects.
Boxall and Macky (2009, p. 10) described that knowledge management helps business firms achieve high performance working because it not only a functional management strategy but also bring organizational development
The system is beneficial in that, it makes knowledge management in the domain expert to be achieved at a distance, and at the same time involve the users closely in the generation ad selection of the knowledge. Nevertheless, this same
of business enterprises and co relationship between the client and service provider has changed remarkably towards positive side of the relationship.
Increase the data and computational power serves towards the benefits of the organization. The data availability allows for
There are several modes of knowledge generation namely acquisition, dedicated resources, adaptation, fusion, and networking.
Knowledge acquisition is the process of extracting from a number of experts and compiling the
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