Knowledge Management ( Deadline : Sunday, Dec. 08 )
Part A: Do the following question (40 marks):
1. Imagine you were asked to produce an intellectual capital account for your organization. How would you go about reporting such an account in practice? What forms of data collection would you adopt? How cost intensive is your approach? How far could your intellectual capital accounts be used for external reporting? How valuable do you think shareholders would consider these accounts to be over and above conventional financial reporting and material available through other sources such as the internet? How could you guard against potential filtering of bad news from senior executives in such accounts?
Part B: Choose 3 of the following 4 questions (60 marks).
2. How can a manager effectively transform data and information into effective knowledge? How can organizations manage competing and often conflicting interpretations of the same data and information? What are the drawbacks of relying on position power in these circumstances?
3. (a) What are the main differences between organizational learning and the learning organization? Is the notion of a learning organization little more than Ã¢â‚¬Ëœold wine in new bottlesÃ¢â‚¬Â? (b) How can cooperative cultures be a liability for organizations?
4. Ã¢â‚¬Å“What Knowledge Managers see as the biggest obstacle with knowledge management Ã¢â‚¬â€œ the sharing of knowledge Ã¢â‚¬â€œ is what users value mostÃ¢â‚¬Â (Karreman, 2002).
Discuss the means that can be employed to motivate knowledge sharing in organizations.
5. (a) If culture is so difficult to change let alone understand, why should managers concern themselves with such a construct? (b) What issues need to be considered when the culture of different communities of practice may differ significantly from the dominant organizational culture? (c) If communities of practice are the main component of a firmÃ¢â‚¬â„¢s knowledge management strategy, how do you evaluate them?
Linear Programming ( Deadline : Sunday, December 8 )
Problem 1: (20 marks): Refer to the following linear program model below:
Maximize 5X + 10Y
Subject to 3X + 4Y = 30 (1)
2X + 6Y = 40 (2)
-2X + 5Y = 10 (3)
X = 5 (4)
X, Y = 0
Using the graphical approach to answer the following questions:
a) (4 points) Find the optimal solution. (You may use algebra to calculate accurate values.