Question

In: Operations Management

Senior management has started reading about knowledge management and has asked you to explore opportunities for...

Senior management has started reading about knowledge management and has asked you to explore opportunities for improving knowledge management at Dirt Bikes. Write a report answering the following questions.

What are the most important knowledge assets at Dirt Bikes? What functions and employee positions are responsible for creating, distributing, and using these knowledge assets? Are all of these assets explicit knowledge?

What knowledge outside the organization is required by the company?

How could the following employee groups benefit from knowledge management: designers and engineers, product development specialists, marketing specialists, sales department staff and representatives, managers

Describe the kinds of knowledge management systems that would be most valuable for each of these groups. What information would each of these systems provide?

Use the Web to research how the company could make better use of the Internet for knowledge management. What Internet information resources (specific Web sites or Usenet groups) would be most useful to Dirt Bikes?

Describe an enterprise portal for one of the employee groups listed in question 3. To which knowledge resources would it link? What would the home page of this portal look like?

Solutions

Expert Solution

1. The most important assets at Dirt Bikes are knowledge, explicit knowledge (documented) and tacit knowledge (in human mind) which is used in different department such as customers relations management, engineering designs, production development, sales and marketing processes. Knowledge is the concepts, experience and insight which provide a structure for creating, evaluating and using information. Explicit knowledge refers documented knowledge. Tacit knowledge is the ability and experience of company’s members that is not officially recorded. All of these assets aren’t explicit, but some are tacit knowledge. Tacit is a very important part of Dirt Bike’s business. For example, engineers can draft their designs, and our customer and sales staff can develop standard operation procedures documents. Engineers will keep on developing new ideas, and many techniques for working with people, techniques which will be utilized by customer support representatives and sales staff can’t be recorded in different traditional fashion, the “tricks of the trade” as they might be known as.

2. Knowledge outside the organization is not only required increase productivity as well as it is required to even be more functional. It is also required to know about customer’s demand, choice and satisfaction. Since Dirt Bike uses outside engine manufacturers, it should be knowledgeable about what engine products and developments are being developed at our engine suppliers. Marketing staff can more use outside media to increase its knowledge of current trends. Company requires knowledge on economic trends; this may extend from rates of interest for borrowing money for growth, to make sure sufficient compensation and advantages for employees.

3. Knowledge management systems can provide benefits to all the functional areas of Dirt Bikes such as designers and engineers, product development specialists, marketing specialists, sales department staff and representatives, managers.

Designers, engineers and product development specialist can use Knowledge Work Systems to help with transforming their ideas into real products. They could use computer helped design to make a new motorcycle structure to work with a new motor from engine supplier.

Marketing and sales department may use Intelligent Techniques and Structured Knowledge Systems to examine designs in their functional areas. Marketing department may use internal and external information to create focused on advertising campaigns depending on trends removed from information examination. Sales department can break down yearly deals figures to decide periods when additional incentives or particular financing ideas might be necessary.

Managers can use Enterprise Knowledge Management System. This technique would contain all the information as possible which may be documented and organized, from raw data to data studies. This permits managers to make the most knowledgeable decisions possible.

4. Knowledge management is the group of processes developed within an organization to make, collect, store and share and apply the business’s knowledge. Knowledge management permits organizational learning. Knowledge management increases the ability of the business to study from its environment and to include knowledge into its business process. Knowledge management can advantage all employee groups by providing new designs in corporate data form the business’s orders to find new structures and form new behavior designs required to build and improve the profits on return in knowledge management.

5. Utilizing the internet for knowledge management, Dirt Bikes will get large options for knowledge procurement. It could secure information for marketing purposes through website and third party advertising services. Design department can link into knowledge networks of overseas engine suppliers to work through design issues. The business as an entire will benefit from using dirt bike fan sites, message and discussion boards because the complete business requires to be in touch with the current trends in the market and the requires and wants of the customer. I think that motorcycle-usa.com would be most useful to Dirt Bikes because it gives all the latest news and reviews of the latest bikes.

6. Enterprise Portal is a new tool that Dirt Bikes can use to provide knowledge resources to employee groups to help them in completing their objectives. For example, Portals for sales and marketing would concentrate on communication and presentation tools, usage of company’s customer and sales information, and usage of important external sources of market and information research tools. It would need a secure login to protect sensitive financial data. The homepage would have always updated news section from both the dirt bike and financial worlds, and links to all of the information mentioned recently.


Related Solutions

Senior management has asked you, as a department manager, to evaluate 2 potential products for implementation...
Senior management has asked you, as a department manager, to evaluate 2 potential products for implementation at JCC Hospital. The hospital has provided $10,000 funding for the project and, in compliance with the board of director’s direction for a minimum return of 12%, will only accept a project meeting, or exceeding, this requirement. You best friend, the hospital controller, has helped to develop the projected cash flows for both the addition of a new patient service (option A) and a...
give a reflection on how your knowledge about management has changed and what for you was...
give a reflection on how your knowledge about management has changed and what for you was the most valuable theory or concept you learned and how this will affect your practice of management and your attitude to managers you report to or will report to in the future.  
You recently started working in a large retail store as a management trainee.You are asked to...
You recently started working in a large retail store as a management trainee.You are asked to develop a series of actions to improve employee engagement. What might you consider and why?
You have been asked by senior management to report on changing customer needs and to compare...
You have been asked by senior management to report on changing customer needs and to compare changes in customer satisfaction. Explain how you would go about doing this, how you would access the necessary data and the reporting procedures you should follow. (300–350 words)
Explain “Knowledge Management Strategy” and “Business Case”. Why there has to be a clear “Knowledge Management...
Explain “Knowledge Management Strategy” and “Business Case”. Why there has to be a clear “Knowledge Management Strategy” and “Business Case” for sustainable “Knowledge management” system ?
Explore the website about Emerging Measures and Models. After exploring this site and completing the reading...
Explore the website about Emerging Measures and Models. After exploring this site and completing the reading DSM Section III pp. 733-837, select one of the following topics to summarize for your classmates and explain how they might utilize the information you presented and/or the website. -Cross Cutting Symptom Measures -World Health Organization Disability Assessment Schedule 2.0 (WHODAS 2.0) -Cultural Formulations -Conditions for Future Study -A Changing Landscape - Mental Health Apps
Write a short essay about evolution of Knowledge management.
Write a short essay about evolution of Knowledge management.
Below are info on one of the firm's client. Your Senior Manager has asked you to...
Below are info on one of the firm's client. Your Senior Manager has asked you to draft an internal memo discussing the implications of the client. Make sure to discuss Issue, Conclusion, Analysis. The manager has also provided you with some sources to start your research for the client. Addison Brooks is a self-employed attorney who operates his law practice as an unincorporated sole proprietorship. In 2015, the IRS disallowed several business deductions he took in 2013 and 2014. In...
Below are info on one of the firm's client. Your Senior Manager has asked you to...
Below are info on one of the firm's client. Your Senior Manager has asked you to draft an internal memo discussing the implications of the client. Make sure to discuss Issue, Conclusion, Analysis. The manager has also provided you with some sources to start your research for the client. Joe, a tenured college professor, has been a malcontent for many years at Eastern University. The university has recently offered to pay $200,000 to Joe if he will relinquish his tenured...
Below are info on one of the firm's client. Your Senior Manager has asked you to...
Below are info on one of the firm's client. Your Senior Manager has asked you to draft an internal memo discussing the implications of the client. Make sure to discuss Issue, Conclusion, Analysis. The manager has also provided you with some sources to start your research for the client. John Patrick was hired six years ago by the XOEye Corporation to serve as the CEO for the company. As part of his employment contract, the corporation had agreed to purchase...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT