competitive advantage

Manufacturing Process Types

A manufacturing process means transforming an array of inputs into those outputs which are needed by the market. Any manufacturing process consists of a number of links in a production chain. At each and every stage value is added in the course of production. The various processes available to ...

Competitive Priorities in Operations Management

In operations management, competitive priorities are a crucial decision variable for operations managers. Competitive priorities signify a strategic focus on building specific manufacturing capabilities that can improve a plant’s position in the market. Such focus may guide decisions with regards to the capacity, technology, production process, planning, control, etc. In ...

Principles of Human Resource Management

Human resource management is the process of managing an organization's employees, or human resources. Human resource management (HRM) is the acceptance that workers are not just one of the factors of production like machinery/equipment or cash but they are a key source of competitive advantage. ...

The Unexplored Effect of Skills and Technology on Firms’ Performance

This report adds new findings to the knowledge based view of the firm, where the cross-learning capability of employee and organization performs an essential function in the determination of firms' superior performances. Collective, non formal - informal, formal styles of learning contribute to shape the competitiveness of firms, particularly in ...

Dynamics of High-Technology Firms in the Silicon Valley

The speed of technological innovation since World War II is significantly increasing following the commercial exploitation of the Internet. Since the mid 90’s fiber optics capacity (infrastructure for transmission of information including voice and data) has incremented more than one hundred times because of a new technology, dense wave division ...

Knowledge transfer and learning: A case study conducted in Company X in UK

Project management has become a natural way of conducting activities in companies. The aim is continuous improvement in project performance. The way knowledge is managed in the company is crucial for gaining competitive advantage. Knowledge management and learning, has been recognized by academics and practitioners as important to achieving success ...

Knowledge Management And Knowledge Workers

The last decade has witnessed an exponential growth of curiosity about organizational learning and Knowledge Management. This comes as an all natural consequence of the more and more widespread knowledge of the knowledge-based economy as a revolutionary change in the worldwide economy. The rise of the service economy, the increasingly ...

Text Mining Technology To Support Enterprise Knowledge Management

A successful flexible enterprise must have an organization knowledge-based. In an era characterized by change, globalization and competition, knowledge is without doubt the most important asset for a company to gain a competitive advantage. Nowadays, in the enterprise, there is a huge amount of unstructured information especially in textual documents. ...

Employee Counselling – What is it

Many firms today realize the importance of attracting and retaining highly skilled, quality employees as a necessary component of their competitive advantage. One of the reasons that a quality workforce along with innovative tools for attracting and retaining has become so important is because previous sources of competitive advantage have ...

What is knowledge management

At Knowledge Praxis, we define knowledge management as a business activity with two primary aspects: - Treating the knowledge component of business activities as an explicit concern of business reflected in strategy, policy, and practice at all levels of the organization. - Making a direct connection between an organization’s intellectual assets — ...