Internal and External Sources of Information of Google : Assignment

Added on - 21 Jan 2020

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Managing Communication,Knowledge and Information
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Range of decisions to be taken by company....................................................................11.2 Examining information and knowledge needed to ensure effective decision making.....21.3 Assessment of internal and external sources of information and understanding.............21.4 Recommendations for improvement of management team..............................................3TASK 2............................................................................................................................................42.1 Identifying stakeholders for decision making process.....................................................42.2 Establishing contact with the stakeholders through various modes.................................42.3 Involving the stakeholders in decision-making................................................................52.4 Designing strategies to make the event memorable........................................................6TASK 4............................................................................................................................................64.1 Approach for collection, storage and dissemination of information................................64.2 Improvements in collection, storage and dissemination of information..........................64.3 Various strategies to improve system of information and knowledge............................7CONCLUSION...............................................................................................................................7REFERENCES................................................................................................................................8
INDEX OF TABLESTable 1: Three levels of information...............................................................................................2
INTRODUCTIONInformation and knowledge is valuable for an organization or individual to makedecisions. Information refers to data that is accurate and organised for a purpose to accomplishcertain goals. While, knowledge is defined as skills and facts acquired through experience oreducation. In an organization, information is collected, accessed and communicated tounderstand current and future scenario of market. Good decision making process require properand systematic knowledge about external and internal environment of the company. Google isan appropriate example to understand of management of knowledge and information along withcommunicating it in different management levels. The company was founded by Larry Page andSergey Brin in 1995. Google provide eminent search engine facility that avails numerouswebsites, documents and videos on simple keyword search.TASK 11.1Range of decisions to be taken by companyWhen company is planning to expand its market in UK it will imply, various decisionsneeds to be taken. Managerial team will focus on several key areas that are mentioned belowfor:Location:At first, company will acquire information related to land available in themarket. Google will require huge space for its corporate offices in major locations of theUK.Sources of finance:Money is crucial factor for establishing company on long term basisin an economy. The managerial team will make decisions related to long, medium andsmall term sources of finance (Yates and Paquette, 2011). Company has several optionsfor funds that can be used depending upon time and situation.UK business law:Google is multinational business entity and operates in globalterritories. Therefore, it is liable to follow legal framework of each and every country.UK company law regulates corporations under Companies Act 2006 and Google needs tofollow its regulations.Strategic plan:Organizational goals can be achieved through effective business strategiesand methods. Long and detailed discussions are made by executives of Google toundertake policies that will strengthen their operations.1
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