Limited-time offer! Save up to 50% Off | Solutions starting at $6 each  

Concept of Knowledge Management and E-commerce : Report

Added on - 01 Mar 2020

Trusted by +2 million users,
1000+ happy students everyday
Showing pages 1 to 4 of 11 pages
Running head:MANAGEMENT AND BUSINESS CONTEXTManagement and Business ContextName of the Student:Name of the University:Author’s Note:
2MANAGEMENT AND BUSINESS CONTEXTTable of ContentsConcept of Knowledge management and e-commerce...................................................................3Governance and legal requirements.................................................................................................3Concept of governance and its importance in business...............................................................3Fundamental styles of the Corporate Governance.......................................................................4Types of Government mechanism...............................................................................................5Principles of the Corporate Governance......................................................................................5Impact of the Governance and Law on Build on Construction private Ltd.................................6Conclusion.......................................................................................................................................7References........................................................................................................................................9
3MANAGEMENT AND BUSINESS CONTEXTConcept of Knowledge management and e-commerceIn the recent years, it is crucial for all the organizations to manage the learning activitygovernance, legal requirement and to utilize the technological advancement in order to gain thecompetitive advantages (Turban, E., Whiteside, King & Outland, 2017). Governance is a processto maintain the business operation transparently. The legal requirement is to keep the legal normsproperly during business operation. However, the information technology system leads theorganization to store and manage the huge data of the consumers. On the other hand,entrepreneurship is a process to take the risk in a business to gain profit. In the context of BuildOn Construction Private limited the e-commerce development and knowledge management isimportant to expand their business. However, in the context of every business knowledgemanagement among the staffs is necessary as it enables them to share information, build propercommunication with their co-workers.Knowledge management in the project causes staff innovation through utilizing theinformation technology (Wang et al., 2017). On the other application of the e-commerce system,Build On Construction private limited will be a beneficial approach for them as it helps them toenhance their online selling and B2B selling. On the other hand, the company can gatherdemographic data through the social media and web contacts in the e-commerce system.Governance and legal requirementsConcept of governance and its importance in businessGovernance is a process that is designed to provide assurance regarding theaccountability, transparency, law, empowerment, and stability in a business practice (Ararat,
4MANAGEMENT AND BUSINESS CONTEXTBlack & Yurtoglu, 2017). On the other hand, governance is an institutional environment inwhich the stakeholders of the business can interact. As for example, UNDP, World Bank, andOECD refer that governance is the power of the authority in a country to manage the political,economic and administrative factors. However, there is a good relationship between thegovernance and the management. In the context of Build on Construction private Ltd. thegovernance sets the high-level goal and the policies based on which the management of suchorganization run their business towards the direction that is set by the governance body.Governance observes the management and performance of the organization to ensurethat an organization is an operation based on the public interest and their stakeholders those areassociated with the organizational mission (Rowley, Shipilov & Greve, 2017). Hence, based onthis Build on Construction private Ltd can build their goal and implement their mission andstrategic vision. Another function of the governance is direct the management of an organizationto gain their desired outcomes and the rules of the governance provide assurance to theorganizations that they are working ethically and legally (Dias, Rodrigues & Craig, 2017).However, this factor of Governance makes Build on Construction private ltd more responsive intheir operation.Fundamental styles of the Corporate GovernanceCorporate Governance is associated with the policies, rules, relationship, laws, andregulation in the context of the different business organizations (Albassam et al., 2017). Unitaryboard of governance consists of executives and the managers that are responsible to manage thecorporate information and data. However, if the company supervisory board and the managementboard then this organization is categorized under the dual board. Such dual board will enable theBuild on Construction private Ltd to maintain a balance between the chairman and CEO. Lack of
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document