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cekyophr5
Posted: Tue 6:22, 08 Oct 2013
Post subject:
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There is necessity to have formal management system of this intellectual capital, which is a fundamental process in business. Manufacturing companies are the ideal focus for conducting this study. This is because the aspect of management and investment of intellectual capital occurring in businesses and companies. The study is intended to find the insights in the profitability of manufacturing companies based on effective knowledge management practices. The firms or companies are essential places that entail daily functions and utilization of knowledge [url=http://tyw.lianlao8.com/space.php?uid=11984&do=blog&id=222003]louboutin pas cher Herbal Remedies for Anxiety[/url] thus calls for further study to be undertaken Improper management of the human capital may reduce the profitability of a company.
Knowledge is indispensable in increasing profitability and surviving competition of companies in the market. However internal company knowledge is crucial and fundamental basis for the success of the company (Andrus 2005, p.27). In essence, companies may have adequate knowledge to utilize but because of unsound management and harnessing this knowledge hinders the maximization of profits. Firms have the potential to realize the desired profits but due to poor management, there is a reduced profitability volume. The study intends to find out how knowledge management improves profitability of the company. This is critical because after the study is completed the results are disseminated. It will trigger positive change and boost profitability hence economic development.
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The research questions will be presented and seek answers to these questions: How does proper knowledge management improve profitability of the company and success of the company? What are the ideal skills and knowledge required and considered critical to profit and success of companies? What are the considerations on practices applicable to different levels of knowledge and skills in knowledge management? Moreover, what is the importance of proper knowledge management on economic [url=http://www.rtnagel.com/louboutin.php]louboutin[/url] challenges and competition in market share? The study is intended to take the approach and methodology of quantitative research design, which is a functional design in data analysis. This is because the attributes of the study are collected and analyzed in numerical terms. It is an ideal method because profitability and information databases are structured in numerical characters.
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