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dimaraw [331]
3 years ago
6

Canadian Tire is one of Canada’s largest companies, with 50,000 employees and 1,100 stores and gas bars (gas stations) across Ca

nada 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.
Business
1 answer:
Vlad1618 [11]3 years ago
6 0

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

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It is true that the goal received by regional manager Farrah, to reduce the company's costs in the next three years corresponds to an example of a strategic objective.

<h3 /><h3>Strategic planning</h3>

It corresponds to a document where the course of actions that will cover the medium and long term organizational are detailed so that the stipulated objectives and goals are achieved.

Therefore, the strategic objectives of a company will be contained in the strategic planning, and can be understood as the definition of the results that it intends to achieve in a period of time, to increase the vision and the organizational results.

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2 years ago
The Acme Corporation has been acquired by the Conglomerate Corporation. To help finance the takeover, Conglomerate is going to l
vovangra [49]

Answer:

The one-year liquidity index for these securities is 0.862

Explanation:

For computing the liquidity index, we have to use the formula which is shown below:

= (IBM stock face value ÷ total amount of face value) × (IBM current liquidation value ÷ IBM one year liquidation value) + (GE stock face value ÷ total amount of face value) × (GE current liquidation value ÷ GE one year liquidation value) + (Treasury securities stock face value ÷ total amount of face value) × (Treasury securities current liquidation value ÷ Treasury securities one year liquidation value)

where,

total amount of face value = IBM stock face value + GE stock face value + Treasury securities face value

= $15,000 + $6,000 + $20,000

= $41,000

Now put these values to the above formula

= ($15,000 ÷ $41,000) × ($14,900 ÷ $15,500) + ($6,000 ÷ $41,000) × ($3,000 ÷ $3,400) + ($20,000 ÷ $41,000) × ($15,000 ÷ $19,000)

= 0.365 × 0.961 + 0.146 × 0.882 + 0.487 × 0.789

= 0.350 + 0.128 + 0.384

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3 years ago
MasterCom Corporation corporation produces a semiconductor chip used on communications. the direct materials are added at hte st
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Answer:

a. The equivalent units of work done in​ June=   450,000

b. The total manufacturing cost per chip= $ 12.199= $ 12.2

Explanation:

a. The equivalent units of work done in​ June

Units Started                                                                  475,000

Units Completed                                                             425,000

Units still in Process completed 50% =  (50,000 * 50%) 25,000

The equivalent units of work done in​ June  =        450,000

b. The total manufacturing cost per chip

Direct material cost                 $935,750

Conversion costs                 $4,554,000

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The total manufacturing cost per chip =   $ 5489750/450,000

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how does the cost of financial capital influence innovative research and development activities in a competitive market?
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Because R&D initiatives are expected to yield a greater rate of return, businesses seek a huge quantity at a cheap cost.

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To calculate your financial requirement, divide your anticipated family commitment by two and the cost of attendance (COA) for even a school (EFC). Although COA varies from university to university, your EFC does not change no matter which school you attend.

<h3>Which four necessities in terms of financial are there?</h3>

For the majority of Americans, job is the first step toward financial stability. People need revenue to meet expenditures and for budgetary considerations. They also must invest for the future, save cash for a rainy morning, borrow money to acquire assets, plus insure yourself against shocks.

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