strategy Create and monitor an organisation’s existing knowledge base Use information on existing knowledge base to manage an organisations human capital. Why is Why knowledge a strategic resource? is knowledge a strategic resource? How do we manage an organisation’s existing knowledge base? 1. 3. Sveiby’s “Intangible Asset Monitor” (IAM) framework Kaplan & Norton’s “Human Capital Readiness” framework 2. 3 Why is knowledge a strategic resource? continued Why
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resources is one of the more basic concepts of economics. Scarcity needs trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost‚ scarcity and trade-off are important in our daily life because it affects us every day in different
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delivery and allocation of goods and services by and for the government or its citizens. This can be done on a national local or regional level. The Private sector is the polar opposite and is not controlled by the state. It is controlled by private individuals or organisations for private profit. Public goods are those that are non-rivalrous and non-exclusive. Non-rivalry means that the consumption of the good by one individual does not reduce the availability of the good for consumption by others
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Problem One Cost Behaviour Required: 1. Which costs are classified as the following (no calculations required): a. Variable (per hour) Extras‚ Stage lighting b. Fixed Director costs/salary‚ equipment depreciation‚ royalties c. Mixed Actors‚ Supplies d. Step cost Food 2. The management has planned to film 800 hours and make 6 shows with an average of 3 actors and 2 extras for August 2009. Please calculate the cost of supplies‚ actors‚ and royalties for this month. (Hint: please use high-low method
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Abraham Lincoln is most well known for his historic presidency‚ however not many americans know about his career before becoming a famous president. Long before Lincoln acquired his position‚ he was a small town lawyer in Illinois. This part of his life is often overlooked. Lincoln’s adult life as a lawyer helped set in stone his beliefs that every man should be honest in what they do. This is how he gained the nickname “Honest Abe” that eventually led to his run at the presidency. . Lincoln worked
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PROVIDE DISPLAYS IN SCHOOLS 1.1 Describe the school policy for displays Our school policy for displays is quite dated and maybe updated soon. It describes why we have displays in school and how this impacts on the children. There is a section on organising and actively involving children in the displayed work. We have no rules on backing or mounting. It is left to whoever is doing the display to pick and choose their colours and mounts. We are asked to take care
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How to Write a Good Essay! Although there are some similarities to History and English essays‚ TOK essays are unlike any other essay that you will write and there are some specific things that the examiners are looking for and that you are going to have to do if you want to do well. Some really good essays won’t score high marks because they don’t do exactly what it says in the mark scheme. So before you even put pen to paper you should read the mark scheme so that you know exactly what it
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In microeconomic theory‚ the opportunity cost of a choice is the value of the best alternative forgone‚ in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made‚ it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available.[1] The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative
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Professor Gerry Grotberg Project 29 April 2013 Motivating and Rewarding Employees I chose this particular chapter to present my project on this because I am a strong believer when it comes to motivation in the workplace. Some employees will go out of their way just to see if things are done correctly and never get any type of recognition from the manager or supervisor. The definition of motivation is the process by which a person’s efforts are energized‚ directed‚ and sustained toward attaining
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The definition of Equal Opportunity is a descriptive term for an approach intended to provide a certain social environment in which ensure people are not excluded from the activities of society‚ such as education‚ employment‚ or health care‚ on the basis of immutable traits. Equal opportunity practices include measures taken by organizations to ensure fairness in the employment process. The Equal Opportunity program formulates‚ directs‚ and sustains a comprehensive effort to maximize human potential
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