Question

Canadian Tire is one of Canada’s largest companies, with 50,000 employees and 1,100 stores and gas bars (gas stations) across Canada selling sports, leisure, home products, apparel, and financial services as well as automotive and petroleum products. The retail outlets are independently owned and operated. Canadian Tire has been using daily mailings and thick product catalogs to inform its dealers about new products, merchandise setups, best practices, product ordering, and problem resolution, and it is looking for a better way to provide employees with human resources and administrative documents. Describe the problems created by this way of doing business and how knowledge management systems might help.

Answer 1

Answer:

Explanation:

The major challenge that Canadian tire had created due to this way of doing business is decision making was extremely slow and unproductive.  

Knowledge management systems enhance productivity by giving employees access to processes, solutions, best practices  and exercises learned, and also to improve utilization of information put away in databases, this  falls under the umbrella of knowledge management. Additionally, they limit the loss of information that occurs when people leave your organization.

How Knowledge Management Systems Can Help

1. Design a system that is easy to navigate so that employees can quickly find the information and resources they’re looking for.

When there is a need to take care of issues like market surveys , design strategy, dissect patterns, make new contributions and to think fundamentally, you commonly search for information and resources to help these exercises.  There has to be a needful way to  discover a simple and quick way to get what you require when you require it, you can play out these assignments proficiently.

Developing better and quicker basic leadership

When transmitting  necessary information at the nick of time through structure,  membership,  and support, a knowledge management environment can give the premise to using sound judgment. Coordinated effort brings the intensity of vast numbers, differing suppositions, and fluctuated understanding to manage when choices should be made. The reuse of knowledge in repositories permits choices be founded on genuine encounter, extensive example sizes, and down to earth exercises learned.

Utilization of previous thoughts, records, and expertise

When you have built up an effective system( that stores up knowledge with an effective database of lessons learned), you need to guarantee that others utilize the system each time a comparison arises. When somebody has composed an archive or made a presentation which tends to a recurring issue, it ought to be put to use as a part of all future comparative circumstances . When people have made know how to handle a similar administration or even created another because of the archive of this knowledge management system. There will be hardly any issue