Question

The start-up ecosystem in Beirut is an early to middle stage ecosystems, that has passed its early growth phase but is still far from maturity. On average, each year, 12 more start-ups are created than in the previous year, resulting in a 24% growth rate in start-up creation since 2009. A new IT-based start-up will start operating in Beirut beginning July 2020. KM seems to be part of their main business objectives as they are incorporating it in their mission and vision statements. The co-founders believe that knowledge is the main resource a business can possess. Hence, they plan to invest largely in KM systems starting the second year. The value of investors in the startup ecosystem in Beirut extends beyond the money they provide. They also act as mentors supporting the needs of the entrepreneurs, trying to fill the gaps start-ups have whether in staff, research, and infrastructure. As the new startup is now in the process of building prototypes of drones that can predict the speed of hurricanes, their investors have suggested adopting a KM system that highlights discrepancies between the observed and predicted speed of hurricanes. More than that, they believe it might be useful to analyze the effectiveness of the developed drones by comparing it to sensory equipment used in hospitals. This has been suggested due to the shortage of experience in their domain. In fact, the founder suggested that building a sort of repository for cases they encounter could prove to be highly essential to build and sustain expertise. This repository can either be added to a system they might purchase in the future, or can be employed by the start-up as an informal approach for knowledge application.
1. Infer two KM systems the start-up plans to adopt starting in the second year of their operation. Explain the systems. (20 points)

2. Explain a methodology the start-up can apply to build and sustain their repository of cases.
(20 points)

3. Explain through the use of examples the impact of KM systems they plan to adopt on processes and people in the start-up. Explain two impacts for each (i.e. two impacts on processes and two impact on people). (30 points)

4. Suggest two mechanisms and two technologies that can facilitate the KM systems they plan to adopt. Justify your answers. (30 points)

Answer 1

SOLUTION:-

1) According to the fellow benefactors of the starup information is a primary resource of any organization and subsequently an organization ought to consistently put such a great amount in the KM system. The organization started to put resources into km system that would help and go about as for supporting the requirements of business visionaries and attempt to fill the holes of staff, research and framework. The another system features the errors between the watched and the anticipated estimations of the speed storms that would help in breaking down the productivity of the automatons. This would help them in making ability.

2) The methodology the start-up has applied to fabricate and continue their storehouse can be added to the system and it may be bought in future to go about as casual methodology for information application.

3) KM is an organized device which can be utilized to advance information the board in an association. KM advances learning while at the same time doing, hands on preparing and learning by perception.

4) Two mechanism and 2 technologies that can be utilized are shared/group the executives system and dashboard innovation which can encourage km the board in the association.

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