What is Knowledge Management? Introduction* Generally‚ knowledge is interpreted‚ subjective information within a context‚ which involves understanding and is mostly tacit‚ not explicit. Knowledge can take many forms. It can be in the form of thoughts‚ insights‚ ideas‚ lore‚ lessons learnt‚ practices‚ and experiences undergone to name just a few. The term knowledge management has become common in businesses throughout the world. Despite its increased prevalence‚ there remains a large degree
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Discussion Questions 1. To what do you attribute the success of Southwest Airlines? 2. How significant is the 10 to 15 minutes turnaround time of Southwest’s aircraft in terms of savings in investment and utilization of its aircraft compared to competitors? 3. What challenges is Southwest facing in the future and how should they meet those challenges? 4. What should their business and operations strategy be for the future? 5. Has Gary Kelly‚ the new Southwest CEO since 2004‚ been able to maintain
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returns? 3.How does HMC form its capital market assumptions? Why don’t they use past statistics to project the future? What do HMC’s capital market assumptions imply about the forward looking domestic equity premium? How does it compare to the historical equity premium? 4.If cash has zero standard deviation and correlation with the other assets and an expected return of 3.5%‚ what kind of asset is it? Is it really risk-free? 5.Take the HMC management’s views of expected returns‚ standard deviation
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Jacquilin Porter Organizational Culture is depends on the individuals and groups of which the organization is made up of. It is the views‚ values‚ goals and morals of the individuals within the organization that create organizational culture. In a company culture often comes from the founders and the leaders of that particular company. These founders and leaders set an example of the certain behaviors and ethics of which they would want their employees to follow. Companies want to hire employees who
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Southwest Airlines – Ethics of Compliance Embry-Riddle University The purpose of this paper is to present‚ discuss‚ and examine the topic of ethical and social responsibility. It will discuss Southwest Airlines ’ failure to comply with the Federal Aviation Administration ’s rules on inspecting aircraft and what violations occurred. On March 6‚ 2008‚ Federal Aviation Administration (FAA) inspectors submitted documents to the United States Congress‚ alleging that Southwest allowed 117 of its
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What behavior(s) would (do) you need to improve? How many times have you felt bad because of not liking your behavior? How many times have you blamed yourself for not being better? Each one of us has experienced such a moments but the problem is when the unwanted behavior becomes a routine part of our daily lives. Personally a behavior that makes me feel bad and I would like to improve would be controlling my mood. My moods can change due to recent happenings‚ but can also be the result of past
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Southwest has made an organization out of providing low-fare‚ short haul routes between city pairs. It has concentrated specifically on offering low-fares on all of its flights by maintaining its no frills attitude and high frequency of flights. This has afforded Southwest Airlines with the lowest cost structure in the industry. Southwest has created a niche for itself by flying a network of flights between smaller U.S. cities that average just one hour apart. This has differentiated them from
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international context‚ including national ‘cultures’‚ is increasingly important in HRM.’ To what extent do you agree with this statement? Knowledge of the international context and culture is imperative for the survival of organizations whether based locally or internationally‚ since countries around the world are fast becoming a melting pot of people from different nations or as Multinational corporations (MNC’s) operating and competing across the globe. Culture influences every stage of the HR cycle
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INTRODUCTION Change management cannot be separated from the organization. It is because change is inevitable. But some people do not like the change itself. They tend to think about the bad effect of the change in the organization‚ such as layoff‚ downsizing‚ pay cuts‚ or relocation. In fact‚ the change can be the good improvement‚ such as the improvement of the technology‚ building new products‚ and increase the market. The management has to be prepared of the change management in order to make the
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Introduction: Southwest Asia or Middle East‚ geographic and cultural region located in southwestern Asia and northeastern Africa. The geopolitical term Middle East‚ first coined in 1902 by United States naval officer Alfred Thayer Mahan‚ originally referred to the Asian region south of the Black Sea between the Mediterranean Sea to the west and India to the east. The first civilizations of the Middle East‚ which grew in the valleys of the Nile‚ Tigris‚ and Euphrates rivers‚ are among the oldest
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