Book Exploring Strategy - Types Of Organizational Knowledge

Added on -2020-02-05

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BUSINESS STRATEGYSTUDENT NAME:STUDENT ID:PROFESSOR NAME:1
Table of ContentsIntroduction......................................................................................................................................3Discussion........................................................................................................................................3Conclusion.......................................................................................................................................9Reference list.................................................................................................................................112
IntroductionIn this essay, the researcher will undertake both the mergers and the acquisitions to develop theknowledge of the business organisations. Then the critical evaluation of both the mergers andacquisitions will be mentioned. The difference between the mergers and the acquisitions will alsobe elaborated. Then the reasons and motivational factors behind the mergers and acquisitionswill be highlighted in the essay. Apart from this, the critical evaluation of various types ofknowledge will be discussed along with the entire knowledge management process. Theresearcher will shed light on the tacit knowledge and the explicit knowledge to develop the entiremanagement process of the business organisations (Leonidou et al. 2015, p.800). Different typesof organisational knowledge will be stated in the essay and the research will discuss theknowledge obtained from the book named Exploring strategy. Finally, the evaluation ofstatement of Drucker the scholar and his approach for knowledge will be also discussed in theessay.To make the marketing strategies more effective it needs to use both the mergers and theacquisitions. Both the factors are the most important part to develop the business organisations.To gain more knowledge for business development both the mergers and the acquisitions havebeen inevitable (Chang et al. 2014, p.520). Using of both the mergers and the acquisitions canhelp to gather more knowledge about the business organisations. This entire essaycan explorethe various benefits of using both the mergers and the acquisitions. To run the business moreeffectively using external strategies can be extremely helpful. To manage the knowledge for thebusiness organisations it is an important part to use both the mergers and the acquisitions arevital. In the process of mangling an organisation using of people, process and technology areessential. All the three factors are important to run business properly. In this essay, all theimportant factors for gaining and managing knowledge for the business marketing have beenclearly stated.DiscussionAccording to Scholes (2015, p.524), Mergers occur in the case of when two businessorganisation come together for sharing their own resources. On the other hand, the acquisitionsoccur at the time when an organisation would like to take over on the other organisation. Mergerhelps to make the business organisation more effective and efficient. At the time when two or3
more organisation come to work together then the profit would be more than ever before and theproductivity of the business organisation must be high. The merger would make the cost of theorganisation less and the organisation can gain more profit from the market (Verbeke, 2013,p.52). Both the merger and acquisition depend on the long as well as a short-term goal and thedifferent strategies of the organisation. Globalisation and liberalisation along with technological advancements have initiated the levelof rise in the events of merger, acquisitions and joint ventures. This has also lead to rise inprofitability of the concerns as well as assisted the entities to gain competitive advantage overthe market.On the other hand, both the factors are effective for the organisation but recent studies shownthat the merger fails to make a good impact on the business organisations. The research has beenshown that more than 50% of acquisition has failed to leave a mark in the world of the business.In the case of acquisitions, the buyers buy both the share and the assets of the targetorganisations (Bengtsson and Kock, 2014, p.183).The concept of Knowledge Management is one of the essential issues that is required to beadhered to by the entities prior to the undertaking of any type of ventures in order to ensure theminimum returns from that venture. Knowledge Management also assists in the process ofenhancing the level of motivation among the employees of the organisation. The effectiveness ofthe concept of Knowledge Management has been experienced in the environments like World ofWarcraft. (WoW) where passion and endeavour have been used in the entities to promote theculture of interaction and cooperation.Knowledge management is also effective in the process of building innovative ideas as well asfacilitates the process of confirmation regarding the functioning of the business.Various researchers that knowledge is a manageable process as well as an interactive processhave depicted it. But it has also been observed that ensuring tacit knowledge regarding acompany’s management is uncertain as well as unpredictable in the dynamic businessenvironment (Grigore and Dragan, 2015, p.120).There are various advantage and disadvantage of both the mergers and acquisitions. Theadvantages are it adds the extra value for the business organisations and it can help to make thebusiness together, which can help to reduce the cost and increase the productivity of theorganisation. It helps to make a new market for both the business organisations. There are4

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