Role of Knowledge Management Strategies in Achieving Competitive Advantage: A Case Study of Amazon
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This dissertation investigates the role of knowledge management strategies in achieving competitive advantage using the case study of Amazon. The report covers aims and objectives, literature review, research methodology and findings that improve understanding clearly.
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BA BusinessUOSDissertation AN ANALYSIS OF THE ROLE OF KNOWLEDGE MANAGEMENT STRATEGIES IN ACHIEVIENG COMPETITIVE ADVANTAGE A CASE STUDY OF AMAZON Word count: 9278 I declare that this assignment is all my own work and that I have acknowledged all materials used from the published or unpublished works of other people. All references have been duly cited. 1
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BA BusinessUOSDissertation ABSTRACT Employeesare importantassetsto organizationwho have contributedto business activities and functions for the purpose of managing all activities. Management is the concept of planning, organising, directing and controlling the functions which are used to develop the business productivity and profitability.The aim of this investigation is to investigate the role of knowledge management strategies in achieving competitive advantage using the case study of AmazonKnowledge managementstrategiesoutline how an organization will manage and centralise company information, data and knowledge to improve business productivity and efficiencies.The methodology used in this investigation is deductive research method positivism research philosophy, mono-method qualitative research choice, and secondary data collection method cross-sectional time horizon and case study research strategy. The recommendation for the respective organization is building knowledge management training, productivity, products and services along with relations with consumers. Finally knowledge management by comparing knowledge management data to improve knowledge management processes. 2
BA BusinessUOSDissertation TABLE OF CONTENTS ABSTRACT...................................................................................................................................2 1.CHAPTER 1..............................................................................................................................4 1.1 Introduction……………. ………………………………………………………………….4 1.1.1Background to Amazon.....................................................................................................4 1.1.2Research Aims and Objectives..........................................................................................5 1.1.3Research Questions............................................................................................................5 1.1.4Research Scope..................................................................................................................5 1.1.5Rationale of the research...................................................................................................6 1.1.6Research Structure.............................................................................................................6 2.CHAPTER 2...............................................................................................................................8 2.1LITERATURE REVIEW....................................................................................................8 3.CHAPTER 3.............................................................................................................................15 3.1RESEARCH METHODOLOGY............................................................................................15 3.1.1Introduction.........................................................................................................................15 3.1.2Research approach..............................................................................................................15 3.1.3Research Philosophy............................................................................................................16 3.1.4 Research Strategy.................................................................................................................16 3.1.5 Research Choice..................................................................................................................17 3.1.6 Data collection.....................................................................................................................17 3.1.7 Time Horizon........................................................................................................................18 3.1.8Reliability and Validity.......................................................................................................18 3.1.9Ethics and Limitation of the research.................................................................................18 4.CHAPTER 4.............................................................................................................................20 4.1DATA ANAYSIS AND FINDINGS...................................................................................20 5.CHAPTER 5.............................................................................................................................25 5.1 CONCLUSION AND RECOMMENDATIONS...............................................................25 5.1.1 Conclusions......................................................................................................................25 5.1.2 Recommendations.............................................................................................................26 6.REFERENCES.........................................................................................................................28 3
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BA BusinessUOSDissertation 1.CHAPTER 1 1.1 Introduction Management is the administration of an organization where managers are pressure to formulate planning, organising, directing and controlling the activities which can help to improve the businessfunctions. Thisis importantfor each organizationto understand what their employees want and then offer kinds of products and services that can help to develop the organizational performance. In other words, management is the involvement of people who control a business or company (Colnar et al, 2019). Strategic management is the process of setting goals, procedures and objectives that are decided for the purpose of attaining competitive advantages. While running a business it is necessary to offer a range of products by following all planning and strategies that could help to operate all functions effectively. If there is a lack of planning and strategies, the organization has to face the challenges that hampered their business negatively. Having good planning and strategies could be an opportunity for business organizations that analyse the environment and introduce the services accordingly. Strategic management is the ongoing planning, monitoring, analysing and assessment of all requirements that are important to fill and supports to develop the organizational performance (Chen et al, 2020). 1.1.1 Background to Amazon ThepresentreportcoversadiscussionaboutAmazon.comwhichisanAmerican multinational company that maintain focuses on e-commerce, cloud computing and artificial intelligencewhichareusedtodevelopthebusinessappropriatelyandmaintainhigher performance. This company was founded by Jeff Bezos by analysing the environment and introduce the products by establishing super-market. The management of such organization formulates different planning and strategies to run their business and attain the business goals and productivity. The company bring innovation and new technology at the workplace that supports to introduce something new and attractive helps to improve the business performance in changing environment (Parayitam et al, 2020). This could help to attain the higher business goals and productivity at the workplace by accomplishing personal and professional goals.The researcher will make the use of secondary research to collect data and information.The report covers aims 5
BA BusinessUOSDissertation andobjectives,literaturereview,researchmethodologyandfindingsthatimproves understandings clearly. Amazon.com Inc. is explained as American multinational technology company which focuses on e-commerce, cloud computing, digital streaming and artificial intelligence. This has been most influencing economic and cultural forces in the world. This was founded by Jeff Bezos from his garage in Bellevue, Washington. This is important for each organization to understand what is happening around and how their customers will be influenced to work effectively so that kind of products as well as services are provided to customers which supported to grow a business and accomplish the business goals. The company is world's largest online retailer and marketplace, smart speaker provider and cloud computing services which are used to develop the business activities and functions properly (About company's background. 2022). The management of company bring the innovation and technology to influence the number of people and gets work done. This could help to increase the business productivity. The company understand the needs and wants of their customers then brings the changes in their existing products as it helps to increase the business performance and productivity. 1.1.2 Research Aims and Objectives Research Aims: This research is aimed at investigating the role of knowledge management strategies in achieving competitive advantage using the case study of Amazon. To achieve this aim, the research has the followings objectives: Objectives: ï‚·To determine the conceptual framework of knowledge management; ï‚·To explain the significance of knowledge management within Amazon; ï‚·To determine various strategies of knowledge management that could be used by Amazon to run their business; ï‚·To explain different management challenges faced by Amazon while operating their business in a competitive environment; ï‚·To identify the impacts of the role of knowledge management strategies on Amazon in achieving a competitive advantage; 1.1.3 Research Questions ï‚·What is the conceptual framework of knowledge management? ï‚·What is the significance of knowledge management within Amazon? 6
BA BusinessUOSDissertation ï‚·What are the various strategies of knowledge management that could be used by Amazon to run their business? ï‚·What are the different management challenges faced by Amazon while operating their business in a competitive environment? ï‚·What are the impacts of the role of knowledge management strategies on Amazon in achieving competitive advantage? 1.1.4 Research Scope The scope of current research is larger as researcher conduct the analysis by knowing the environment and role of management which are uses for bringing right information. The current research explains a study that states which research area will be explored in work and specifies the parameters in which study will be operating. The researcher will come to know role of management strategies and planning as it uses for bringing higher position by managing the all functions and activities. This also helps to bring good performance and activities at the workplace. The current research is about role of knowledge management and its importance which are used to managing all functions by formulating plans, organise and directing the individuals for the purpose of doing work and maintaining good performance (Bibi et al, 2021). 1.1.5 Rationale of the research The current research is about knowledge management which are used by individual for managing all functions and activities at the workplace. The researcher will improve their understanding about role of knowledge management and its importance which are uses to bring information and attain higher productivity. The main reason of research is to improve their personal and professional knowledge. In context to personal, communication, interpersonal, managementandtimemanagementskillscanbeimproved.Incontexttoprofessional, knowledge about role management and its related strategies information could be improved by researcher that can help to maintain higher performance (Latilla et al, 2019). 1.1.6 Research Structure The research structure is designed by a person for the purpose of conducting study and achieving potential outcomes. The present structure of dissertation includes introduction, aims and objectives, literature review, research methodology, finding & results and conclusion that all 7
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BA BusinessUOSDissertation are important part of research. This could help to develop the all functions as well activities. The chapters explains what is going to include in report and how to manage the data. Introduction –This could be explained as basic section which is used by individual to states what they are going to cover in their project report. This is important to individual person to analyse the environment and topic that shows relevancy and validity of collected data. The current research is about role of management strategies and planning which are designed for the purpose of improving the business performance and productivity. The researcher will come to know about role of management strategies and planning that are followed to regulate the business (Martins et al, 2019). Research Aims and objectives –This could be determined as activity in which aims and objectives are decided by individual for the purpose of improving business performance and productivity.Incurrentresearch,aimsandobjectivesarepreparedbyindividualfor accomplishing their personal and professional goals (Li et al, 2019). Literature Review –It could be explained as publication of data and information which is collected by analysing the environment and climate. This is important for each person to collect the information by bringing the right data verification and attainment of information. The researcher will come to know regarding importance of strategic role performance that are used to complete the research in certain period and attain performance (Nwankpa et al, 2021). Research Methodology –This could be explained as method and procedure which are used to showing the data presentation and methods of conducting research. This is important for researcher to analyse the environment and bring innovation that could be used to accomplish the business goals and productivity. The current research is about role of strategic management and its importance that are used by employer for the purpose of bringing higher performance and productivity (Mayasari and Chandra, 2020). Findings and results –This stage of structure is being used by individual for the purpose of receiving right information and receive results by designing charts and tables. This can help to manage all functions and activities under role of strategic management that are supported to business organization and managing the higher performance (Maalaoui et al, 2020). Conclusion –This is the ending layer and activity which is used by describing the final results and information regarding what methods and techniques has been used by researcher to 8
BA BusinessUOSDissertation collect the data. The strategic management is used to formulate the planning and strategies which designed to bring innovation and developing the employee’s performance. 9
BA BusinessUOSDissertation 2. CHAPTER 2 2.1 LITERATURE REVIEW A literature review is the comprehensive summary of previous research on a topic which can help to develop the understanding and knowledge of a researcher for the purpose of collecting data and manage the activities. If there is no proper literature review, then could be challenging to collect the data regarding specific topic. A Literature Review states what are the main objectives of current report and how they could be achieved properly. This is important for an individual to conduct the research report by selecting a best topic and managing all activities. The present research report is about knowledge management which is used to influence the number of people. To determine the conceptual framework of knowledge management As per opinion ofZia (2020), a collection of method being relates to sharing ideas, knowledgeandcreatingideasisknownasknowledgemanagement.Itisimportantto organization to focus over multidisciplinary approach which is used by business industry to achieve objectives by making best use of knowledge. Knowledge management is the process by which an enterprise collects, organises, shares and analysis its knowledge in a way that is easily assessable to employees. This is important for each organization to have focus over managing knowledge and skills regarding specific topic as it provides fresh knowledge to developing businessperformance.Inotherwords,knowledgemanagementiscontinuousprocessof capturing, storing, sharing and managing the data effectively that are used to increase the employee’sperformance and productivity (Alshawabkeh et al, 2020). If there is lack of knowledge, then could be challenging for organization to manage their business as it affects the productivity and profitability. The types of knowledge management are people, process, content and strategy which are formulated by an individual for the purpose of getting task done and managing all activities. The management is having major role as its analysis the business environment by using their skills and abilities to work which supported to grow a business and maintain higher performance. The best component of knowledge are people, process, content and strategy which are used by organization for the purpose of growing their business in changing environment and attaining higher performance. The people are those individuals who have collected to accomplish the common goals by bringing good knowledge and skills at the workplace. This could be explained 10
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BA BusinessUOSDissertation as main process which are used to bring new data and information regarding particular topic and supports to accomplish the business goals. The theories of knowledge management are organizational, ecological and techno- centric. This mainly focuses on organization structure and states how company is designed culturallyandhierarchicallytomanageknowledge.IncontexttoAmazon,knowledge management is the regular activity which is used by individual for the purpose of sharing data and bringing good knowledge that can help to reach the targeted customers. This is important for each organization to have good knowledge regarding particular topic as it brings higher understanding and managing the data properly. If there is lack of data management and skills then could be challenging to operate their business and productivity. The primary goal of business organization and knowledge management is to improve their efficiency, productivity and retaining critical information within the company. This could help to accomplish the business goals and profitability by managing all data effectively. The management of Amazon, analysistheenvironmentandbringhigherinformationregardingparticulartopicwhich supported to grow a business and attaining higher performance (Sun et al, 2020.). To explain the significance of knowledge management within Amazon. As per opinion ofOde and Ayavoo (2020),knowledge management is the main activity for any kind of business as it is used to know what an organization wants and how it will receive the business productivity. In a business industry there is need to various resources such as capital, human resources, employees, place and strategies to grow a business and attaining the higher productivity. Knowledge management is the continuous method collecting data in relation to create, share and managing the knowledge and information in an organization that could help toreachthetargetedcustomersanddevelopthebusinessperformance.Inotherwords, knowledge management is the involvement of organising, creating, using and sharing the knowledge for the purpose of doing any kind of work and attaining the higher productivity. This is applied across the world, in all industries, sectors, public and private organizations that are used by management to improve opportunity enhancement. In relation to Amazon, knowledge management is defined below: Employee Awareness– This is important for each organization that their employees should be aware of their tasks and responsibilities as it understand the goals and give their contribution to accomplish the business goals. Employees are main assets of organization who 11
BA BusinessUOSDissertation helps to operate the business by understanding their goals and objectives. In context to Amazon, knowledge management is important to create the awareness between people who is working at the workplace and bring higher performance (Nurulin et al, 2019). Availability –This determined as knowledge management is needed while working from offices or on the road at the customer’s site. This enables to increase response to customers, partners and co-workers that are used to develop the business activities and functions. This is important for each organization to make available all resources and facilities to their customers, employees and partners for the purpose of developing the business performance. This also helps to attain higher productivity. Timeliness –Knowledge is uses to evaluate the wastages of time for the distribution of information. This is important for each industry that their functions and activity will be done on right time and aspects which supports to develop the business productivity. In context to Amazon, knowledge management is important as managers evaluate the function and event in certain period of time that supported to grow a business. Adapt organizational change –Changes are important to business organization which are used to introduce the different types of products and services that could help to regulate the business effectively. The knowledge management is mainly used by individual and management to develop, acquire, process and retain the old knowledge that can help to accomplish the businessgoalsand productivity.In contextto Amazon, knowledgemanagementismost important that are used by business management for the purpose of introducing new changes and technology to improve the business performance. The management identify the needs of their customers and introduce kind of products in changing environment that supports to grow a business effectively. Helps in decision making –For a business industry decision making is the main aspects which are used by business organization for growing a business continuously. If a business is not operated properly then there is need to have good planning and strategies by using knowledge management that could help to overcome the issues and maintain higher performance. In context to Amazon, knowledge management is important as it mainly used to make the right business decision that supports to attain higher performance and productivity.This also helps to give ideas regarding future by showing past and collect various information that supports to develop the business productivity. 12
BA BusinessUOSDissertation Transferknowledge–Knowledgemanagementisthemainactivityofsharing information among employees in the organization that supports to develop employees at the workplace. This is important for each organization and employees to transfer their knowledge and skills which can be used to bring new activities and performance in order to grow a business effectively (Albassami et al, 2019). Reducing Risk –This is another role of knowledge management which are used by individual for the purpose of identifying risk and solving all issues that supported to grow a business continuity and maintain higher performance. For each organization it is important to have right information and knowledge regarding particular topic which supported to grow a business as it introduced optimum solution and productivity at the workplace. In context to Amazon, management is having major role as it identify the risk which they are facing while running their business and introduce the optimum solution which supported to grow a business and attaining competitive advantages. From the above it can be concluded that knowledge management is the important aspects which needs to have in individual and management as it uses to formulate planning, organising, directing and controlling the business activities at the workplace which supported to grow a business continuously. The management is having major role who identify the market and business environment for the purpose of identify risk and provide optimum solution which could help to grow a business continuously. To determine various strategies of knowledge management that could be used by Amazon to run their business. As per opinion ofMassingham (2019),managing knowledge is the important aspects which is used by individual for identifying the risk and bring out optimum solution which supports to grow a business and attain higher productivity. Knowledge management is the continuous process of sharing the knowledge and skills with other people who have collected to achieve the common goals and maintaining higher performance. The knowledge management tools relate to technology that helps team members to collect, organise and share the information by crossing a business and for its customers. If there is good management and knowledge then could be effective to grow a business and maintain the higher performance. This is the involvement of people, process, IT and strategy which are designed for the purpose of bringing higher functions and activities. The management is having major role who identify the needs and 13
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BA BusinessUOSDissertation wants of their employees as well as customers then offer the kind of products and services for growing a business and attaining the higher goals. Goals are decided by business industry by analysing their competitive environment and formulate kind of strategies that could support to bring new functions and activities at the workplace and maintaining good results. Amazon can adopt different types of knowledge management theories for knowledge management. Some of the theories of knowledge management which can be used by Amazon for knowledge management are provided below: ï‚·Organizational Knowledge management theory: The hierarchical, cultural and structural design of the company and the ways in which it impacts knowledge management and knowledge processes is the main focus of the organizational knowledge management theory.Accordingtothistheoryoforganizationalmanagement,organizational knowledge is constituted by a continuous mix of contextualized experiences values and information which is informed by organizational culture and structure. Organizational culture affects knowledge management in a company as knowledge searching and sharing is influenced by employee interaction and knowledge desired by employees. In addition to this,, organizational structure affects knowledge management The ways and degree power, roles and responsibilities are delegated, controlled and coordinated in an organization is defined by the organizational structure along with the flow of information. Inthiswayorganizationalstructureinfluencesknowledgedistributionand implementation of knowledge management system(Valmohammadi et al, 2019).. ï‚·Ecological Knowledge Management Theory: Sharing knowledge with the help of learning communities, employee interaction, people and relationships in an organization along with the internal and external factors which lead to knowledge sharing are the chief points of focus of the ecological knowledge management theory. According to this, theory the knowledge ecology of a specific company constitutes four segments which are knowledge,communities,organizationalresourcesandexternalenvironment. Furthermore the knowledge community is grouped by different types of knowledge population such as marketing, finance, R&D. The knowledge community is created through the usage of organizational resources and maintains balance with the external environment through four ecological mechanisms: distribution, interaction, competition, andevolution.Anintricateandinterconnectedecologicalsystemforknowledge 14
BA BusinessUOSDissertation management is provided in this theory which can be used by any organization to improve their knowledge management(Bibi et al, 2021). Techno-Centric Theory of knowledge management: As per this theory the focus of knowledge management is on the technological aspects of sharing knowledge and the procedure of designing technology for knowledge management an important part of the overall knowledge management goals(Wu et al, 2019). This knowledge management theory emphasizes the importance of technology in controlling and protecting the external environment. Businesses can use this theory of knowledge management to improve the usage of digital and automotive technology in their organization and positively impact on the knowledge management system, procedures and practices of the firm. To explain different management challenges faced by Amazon while operating their business in a competitive environment As per opinion ofSamiei and Habibi (2020),competition is the major task for each business organization as it affected the business positively or negatively. To operate a business there is need to analyse the environment and number of similar businesses which are operating in same market that could impact on business performance. Competition is the important for business organization where it became important for business industry to evaluate the rivals and offer better kind of products and service for the purpose of attaining business goals. Amazon is the larger size supermarket that offers range of products and services by using new technology and e-commerce for reaching to their targeted customers and supports to develop the business productivity. In context to supermarket different types of challenges are faced by Amazon while running their business in competitive environment such as: Lower productivity and selling activities –For retail sector increasing of sales and performance is important as it helps to increase the organizational productivity. The environment is changing day by day where many businesses has been established, companies are providing range of products and services in retail sector. If there is right information about competitors and weaknesses then it could be convert in to opportunity for another business and helps to increase the business performance. In relation to Amazon, management has faced the challenge of lower sales and productivity as there many retailing companies who are selling products and services at less prices that affected the business negatively. 15
BA BusinessUOSDissertation Lack of employees– Knowledge management is needed at every place as it uses to share theinformationwithothersand getworkdone accordingly.Thisisimportantfor each organization to understand the changing environment and share details with employees which can help to accept the changes and bringing higher performance. In relation to Amazon, management is weak due to which employees are facing the issue in managing the business functions and activities. This has been created the challenges for business industry to operate their business in changing environment and affected the business negatively (Iddy, and Alon, 2019). Facing challenges in sharing the information –Knowledge management means to share the information and bringing higher performance by managing the changes and sources at the workplace. If there is knowledge management then all functions could be control by management which supports to develop the business performance. In relation to Amazon, number of employees are working collaboratively where it became important to make the use of sharing knowledge but due to lack of engagement in business function chosen organization faced the challenges of running business in competitive environment. Increasing employee turnover– The meaning of employee turnover is when people are not satisfied with business services while working in organization then make decision to leave that direct affect the business organization and productivity negatively. This is important for each organization to that their employees should be satisfied and motivated who could work for long period of time and supports to develop the business performance. Amazon has faced the challenge of increasing employee turnover while running business as they are not satisfied and motivated with business regulations and services. Increasing social issue –In business industry huge number of employees are working by creating a social environment where they feel free to share their information. In case there is lack of employee engagement and involvement who feels disruption while sharing the information and managing the data. This has been affected the business performance and activities of Amazon as it created challenges in running their business (Zaim et al, 2019). From the above it can be reviewed that different types of challenges are faced by Amazon while running their business in changing environment. Management is having major role as it used to formulate planning, organising, directing and controlling the business functions which 16
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BA BusinessUOSDissertation are mainly used to operate a business and attaining higher performance by reducing challenges effectively. To identify the impacts of the role of knowledge management strategies on Amazon in achieving a competitive advantage As per opinion ofAreed, Salloum, and Shaalan (2021),knowledge management is the activity of sharing the knowledge and skills with other people who pressures to operate the business and managing all functions effectively. This is important for each individual to analyse the environment and comes to know how business functions could be performed well and maintaining higher performance. The aims of business organization is to achieve the business goals and competitive advantages by arranging the resources and information as it helps to accept the changes and providing right benefits. In context to Amazon, management is having a major role who analysis the environment and comes to know how strategies to knowledge management is helpful for organization as provides competitive advantages such as: To influence and attract the number of customers –Knowledge management plays an importantroleasitmainlyusedbyemployerandemployeestosharebusinessrelated information and get work done timely. This could also help organization to influence and attract the number of customers at the workplace so they could work systematically. In relation to Amazon, number of employees could be influenced and attracted as they understand the requirement and give their participation to work effectively. This can help to develop the business performance and productivity by managing all functions and activities. To bring new technology and innovation –The environment is changing where existing activities and functions are converted into new one as it makes the use of new technology and innovation that supports to develop the business productivity. In relation to Amazon, management plays an important role under role management as it uses different communication channel and resources such as telephone, mobile, emails, social media, twitter, Instagram and others for the purpose of sharing information and gets work done. This could help to attracts the number of employees and encouraged to work continuously. Increasing customer base –To offer better quality of products and services in changing environment could be opportunity for business organization as it supports to introduce the new technology and processes which are used to handle a business properly. If organization is able to offer good quality and design of products and services then it will be opportunity to grow a 17
BA BusinessUOSDissertation business and managing higher performance. Amazon is larger size supermarket that analysis the environment and then offer quality of products and services in environment resulting increase in customer base and productivity. Keeping competitive prices –The prices is considered as main factor which are setting by business organization by covering all incurred incomes and expenses in order to attaining competitiveadvantages.Iftherearefairpricesofproductsandservicesthencouldbe opportunity for business organization to influence the number of customers and supports to increase the business sales and profitability. In relation to Amazon, competitive advantages are taken by management who sales their products and services at retail prices which are less than other companies that helps to increase sales and profitability in changing environment. From the above it can be determined that strategies to role management are important to bring and share information regarding particular topic as it supports to make right decision. In relation to Amazon, management is having major role who uses knowledge management for the purposeof sharinginformationregarding particularproductsandservices, delivery,cash paymentandoperationalfunctionswhichrequirestoperformwellandmaintainhigher performance. 18
BA BusinessUOSDissertation 3. CHAPTER 3 3.1 RESEARCH METHODOLOGY 3.1.1 Introduction This could be explained as main activity which is used by researcher to collect the data and information from different aspects and authors. This can be explained as specific way that could be used to solve the research problem that could help to develop the business performance. It may be understood as a science of studying how research is done scientifically. Research methodology is the description, explanation and justification of number of research methods that are used to collect the number of information by managing all functions and activities. It is the procedure by which researchers collect data from a variety of sources in order to provide reliable information about a subject. This is important for research to analyse the environment and comes to know what needs to do and how it can be performed to all functions and activities. The research is the study of particular topic and supports to develop the organizational performance. The management requires having proper information and data regarding specific topic and attaining higher performance. Research methodology is the way of study that can be used to solve the problem pertaining in business organization and research area that could be used to bring new functions and activities by adopting changes. In other words, research methodology could be explained as main function and method to collect the information from various resources and attaining higher productivity effectively. This involves number of stages to collect the data which is relevant, valid and appropriate to complete the study (Shabbir and Gardezi, 2020). This portion of the research is crucial since it aids the researcher in gathering and analysing precise and reliable data about the research topic or study. This also helps the researcher answer two important questions: which approach is best and how will it benefit the researcher in conducting the research. 3.1.2 Research Approach The research approach is a set of tactics employed by the researcher to generate hypotheses from which useful conclusions can be drawn about the subject. This strategy can be divided into two types: inductive and deductive. The research approaches are the planning and procedures of collecting data and information from resources which are used to develop the understanding and managing all functions effectively. The full inquiry in this study was carried out using a logical method by the researcher. The use of inductive approach is possible when 19
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BA BusinessUOSDissertation information are collected regarding one topic which is specific and cleared that could help to develop the right information and effectively. On the other side, use of deductive approach is to get valid and relevant information regarding multiple topic by managing all information and data accurately. This method assists the researcher in quantitatively aligning the study question in order to obtain dependable results. This is important researcher to receive a topic and collect the information which could help to develop the business productivity and profitability. This method devoted to explanation of surprising, facts or puzzles which are involved to gather information regarding role of knowledge management. This is important for each individual to have right data information and brining higher performance to complete their study (Shahzadi et al, 2021). Justification -For the current study the deductive research method was applied. As the topic of current study is role of knowledge management that means to transfer the knowledge with others and get work done which can help to develop the business performance and productivity. The researcher will also come to know that how to transfer the knowledge from one person to another by using a systematic manner. 3.1.3 Research Philosophy A research philosophy is a set of current ideas that are used to guide future research in order to achieve a thorough understanding of a topic. The research philosophy is considered principle set which are used by individual and researcher to collect the right information as well as data. This is important for each person to receive a topic and use their skills and techniques to collectthe informationappropriately.In thisfield,thereare fundamentallytwo sortsof ideologies: positivism and interpretivism. The interpretivism philosophy is uses to focuses on individual’s beliefs, motivation, reasoning and quantitative data that can help to manage the all functions and activities effectively. The positivism is an empiricist philosophy that holds all genuine knowledge is either true and positive. The researcher requires to analysis the market and comestoknowhoweachfunctioncouldbeperformedeffectively.Ontheotherside, interpretivism approach is requires to have collected data on the bases of one person’s beliefs and aspects that could be used to manage the all functions (Iacuzzi et al, 2021). Justification –The researcher in this study employs the positivism research theory since it facilitates in the collection of quantitative facts on the subject. The key benefit of this method is to collect relevant and right information from different sources and techniques. This could be explained as main methodology uses by researcher to collect right information and manage the 20
BA BusinessUOSDissertation data properly. The current research is regarding role of knowledge management which are uses byemployerandemployeesinAmazontosharetheinformationandbringingchanges accordinglythatcouldhelptodeveloptheperformance.Themanagementofselected organization focuses important role as it bring higher data and functions at the workplace and supports to improve the business productivity. 3.1.4 Research Strategy This is a technique that helps a researcher to collect and analyse data more efficiently. Strategy could be explained as planning and procedures which are formulated by an individual for the purpose of managing the right information and encouraged to take right decisions. (Pearson and Mitroff, 2019). Justification –Case study research strategy will be implemented for completing the respective investigation. Under this investigation secondary qualitative data will be collected and analyzed for accomplishing research objectives and answering research questions. This is justified option for the research strategy for this investigation because case study research enable effective illustration of theories and showcase the ways in which different concepts and aspects f a concept are related to each other. 3.1.5 Research Choice This is the method by which the researcher collects and analyses data efficiently. The two types of research methodologies offered are quantitative and qualitative research methodologies. The research choice is explained as method which consider number of planning and activities that are used to develop the project properly. If there is lack of information then could be challenging for organization and individual to perform their required functions and maintaining the higher performance. This considers three types of methods such as mono, multi and mixed uses to improve the information. The mono method is used to collect either qualitative and quantitative data. The multi method is uses to collect qualitative method. And use of mixed method is possible when qualitative and quantitative method to collect the information and managing it properly. Justification -The mono method in the form of qualitative data collection and analysis. This technique aids the researcher in getting in-depth knowledge about the issue and digesting numerical data more quickly because it is simple to compute (Latif et al, 2020).Here qualitative research data is collected by using variety of sources such as books journals and online articles. 21
BA BusinessUOSDissertation 3.1.6 Data Collection The practise of gathering high-quality data in a more reliable and effective manner is known as data collection. Data collection is the main technique and tool uses by researcher to collect the right information and data properly. This method allows a person to involve in answer to the relevant questions. The method of data collection is primary and secondary. When the information is collected from first hand sources and at first time could be considered as primary data of collection. On the other side to collect the first hand resources and data there is need to have right information and adaptability which can be used to develop the business performance. The use of primary resource are questionnaire, observation, interview and others. The use of secondary data is possible when it is collected from secondary and already collected resources which can help to accomplish the business goals. The example of secondary resources is Google, journal, preliminary information and article that could help to manage all functions (Colnar et al, 2019). Justification –. The researcher will make the use ofsecondary methodto collect information that can help to bring higher performance and effective completion of the research. The secondary data collected for the present investigation was gathered by using the search engine Google Scholar. Articles related to knowledge management and knowledge management at Amazon was reviewed. After this the reference of the articles was also examined and the full text of the overall research wasexamined. The selection of the articles, journals and research paper for this study was conducted on the basis of the abstract, methodology, location and sample size. In order to complete critical appraisal of the research topic online articles were also collected by using the Goggle search engine. A specific strategy was needed to collect accurate and credible sources for the investigation. For this purpose several keywords were used such as ‘knowledge management’ Amazon knowledge management’ ‘Knowledge management strategy’ and the online articles were reviewed for effective secondary data collection. 3.1.7 Time Horizon In order to perform the research in a methodical manner, it requires a lot of time. Cross- sectional and longitudinal time frames are the two types of time horizons.Also, it is the short- term investigation (Ardito et al, 2019). The management have identified the importance of knowledge management which can be used to developing the organizational productivity and 22
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BA BusinessUOSDissertation profitability by managing the all functions and activities. In this study, the researcher used a cross-sectionaltemporalhorizon.Thismethodisthemostcost-effectiveanditaidsthe researcher in obtaining reliable and accurate information in a timely manner. The cross-sectional horizon will help to contain knowledge and skills regarding specific topic which can be used to attaining higher performance (Wu et al, 2019). 3.1.8 Reliability and validity In simple terms research reliability is the degree to which research method produces stable and get consistent results. This means when a researcher is going to collect the information regarding specific topic then it needs to make sure that all information are reliable and supportive as it bring bunch of data and functions. The researcher needs to analyse the all functions and topic clearly as it support to receive the positive outcomes. The measurement is considerable and reliable as it bring collection of information and proper arrange of data (Valmohammadi et al, 2019). The validity of research study explains how well the results among the study participants represents true findings among similar individuals outside the study. According to this, all information and data should be valid and accurate as it develop the understanding and knowledge effectively. The current research is about knowledge management which is used to attaining the higher performance regarding topic. The research will be appropriate and valid by containing all functions and activities as it supports to attain positive outcomes (Albassami et al, 2019). 3.1.9 Ethics and limitation of research Ethics are the moral duty of individual which needs to be follow while conducting the research as it could help to collect right data and information. If there is no application of ethical principles and standards then could be challenging to regulate the business and other activities. The current research is about knowledge management where informed consent, concisely, timely informations are updated accordingly. This could help to increase the business performance and productivity that can help to accomplish the business goals (Nurulin et al, 2019). While conducting the research acknowledgement of shortcoming could be identify so that each work will be done timely. The limitations could create the challenges for individual as they are unable to collect the information. The research has identified that limitations such as lack of 23
BA BusinessUOSDissertation resources, lack of time, less capital and lower management that directly affected the productivity (Sun et al, 2020). 4. CHAPTER 4 4.1 DATA ANALYSIS AND FINDINGS Theme 1 What is the conceptual framework of knowledge management? Illustration 1: Conceptual framework of Knowledge management. 2022 Thisthemeexplainsthatknowledgemanagementistheinvolvementofinsights, information, advice, process, technology and practices which are used by individual person to complete their study in certain period of time. This is important for each individual to identify the market and comes to know how each function and activity could be perform as it brings collection (Chen et al, 2020). When this question have rise to all people then different opinions have been received. Some explains that without knowledge management it will not be possible to manage the all functions and activities as it bring the changes in existing performance and complete the goals. If there is lack of sharing, then could be challenging to regulate the business 24
BA BusinessUOSDissertation as it make harder to complete the work in certain period of time.(Conceptual framework of Knowledge management, 2022).The researcher have conducted the research to know about knowledge management which is used to sharing the information and data properly regarding a topic. If there is proper information and details then could be supportive to grow the business. The person requires to have abilities and skills to share the knowledge as effective decision could be make accordingly (Alshawabkeh et al, 2020).In context of Amazon knowledge management at the organization is an important part of overall organizational development because it helps the company preserve and optimize knowledge and information to maintain competitiveness. Knowledge management at the respective companyinvolves using digital technology to ensure that the flow of information and knowledge sharing is continuously improving so that the staff is supported to make improvements in various businesses processes and activities(Posey, 2019). Theme 2 What is the significance of knowledge management within Amazon? 25
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BA BusinessUOSDissertation Illustration1: Significance of knowledge management within Amazon. 2022 This theme explains that knowledge management is the important aspects which is used to sharing the information regarding particular topic and supports to complete the task in decided period. The main role of knowledge management is to creating employee awareness and managing the multiple tasks by allocating within employees so that each function and activity could be perform effectively (Maalaoui et al, 2020). This is important to all individual to focus on knowledge management as it brings collection of information which requires to be complete and maintaining higher performance. The researcher conduct the secondary research where it identify the topic and put efforts to collect the information regarding significance of knowledge as it supports to introduce the changes and managing it well. While operating a business it is important to focus over changes and challenges which might be affect the organizational productivity (Mayasari, and Chandra, 2020). The aim knowledge managementat Amazonis to develop the organizational productivity by managing the all functions and activities at the workplace which could help to adopt the changes and attaining higher performance.In addition to this another way in which knowledge management supports growth of Amazon is by improving the level of expertise at each level so that decision making of manger and employees improves. This in turn enhances the performance of employees at the organization and supports the company leading to its continuous market growth(Significance of knowledge management within Amazon, 2022). Theme 3 What are the various strategies of knowledge management that could be used by Amazon to run their business? 26
BA BusinessUOSDissertation Illustration2: various strategies of knowledge management, 2021 From the theme 3 it has been founded that sharing knowledge and skills is the main activity while doing any kind of work as it completed the task with effective manner. This is kind of communication which used to share the knowledge and skills regarding topic and work which needs to be complete in certain period of time. The respondents explains that communication is need to transferring knowledge and thoughts regarding a topic and managing higher productivity at the workplace. The researcher have conducted the secondary data in which information collectedfromdifferentarticleandjournalbooksforthepurposeofdevelopingtheir understanding and completing the work timely (Nwankpa et al, 2021). This is important for each individual to analys the environment and comes to know how to transfer the knowledge and skills regarding change management and states the different ways of application. The individual will improve their knowledge and skills by explaining the importance of knowledge. This is important to contribute to overall organizational goals, using common process and technology, 27
BA BusinessUOSDissertation balancing people, building timely organizational capabilities and transforming the perception of KM by creating tangible results through collaboration that could help to managing the changes at the existing performance and support to develop the organizational productivity (Li et al, 2019). Amazonhasadoptedseveraldifferentknowledgemanagementstrategiessuchasusing technology to support and enhance knowledge management at the company. Amazon utilizes artificial intelligence and other digital technology for knowledge management. Big data is also used by Amazon for analysis of important information which supports the company in effective knowledge management (Borjigin, 2014). Theme 4 What are the different management challenges faced by Amazon while operating their business in a competitive environment? Illustration3: Different management challenges faced by Amazon, 2022 Theme 4 is explaining the challenges which arises while doing the research as it can help to collect the bunch of information regarding specific topic. This is important for each individual to conduct the research after receiving a topic as it support to organise the all functions and activities effectively. The management requires to have proper understanding and knowledge abouttopicandsupportedtogrowthebusiness.Thesecondaryresearchishelpfulfor investigator as it brings collection of data and information that how changes could be implement at the workplace as it support to attaining the higher performance. The management requires to understand the needs and wants of their customers in Amazon, then introduce the kind of 28
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BA BusinessUOSDissertation services as it supports to arranging all performance and activities.The chosen organization is multinational that offers range of products and services by managing the changes as it influence the number of people and gets work done (Martins et al, 2019). This could help to increase the business performance and productivity at the workplace. The challenges which are facing by industry are lower productivity and selling activities, lack of employees, facing challenges in sharing the information, increasing employee turnover, increasing social issue that could be resolve by sharing the knowledge and skills effectively. This could help to increase the organizational productivity by managing the changes properly and provide the positive outcomes (Latilla et al, 2019). Theme 5 What are the impacts of the role of knowledge management strategies on Amazon in achieving competitive advantage? Illustration4: Role of knowledge management strategies on Amazon in achieving a competitive advantage, 2022. 29
BA BusinessUOSDissertation This theme explains that role of knowledge management is various as it follows the strategies which could be followed for the purpose of developing their business effectively. This is important for each individual to understand what is happening around and how each function could be performed to operate the business and activities. Amazon is dealing in different types of products and services by using technological advancement that can help to influence the number of people and gets work done (Parayitam et al, 2020). The management identifies the market and introduce the kind of services which can be used to attaining higher performance. The influence and attract the number of customers, bring new technology, innovation, increasing customer base and keeping competitive prices are important to organization which can help to completing the organizational goals and objectives in certain period of time. This also helps to managing all functions and activities at the workplace that could help to attaining the higher performance(The role of knowledge management strategies on Amazon in achieving a competitive advantage, 2022). 30
BA BusinessUOSDissertation 5. CHAPTER 5 5.1 CONCLUSION AND RECOMMENDATION 5.1.1 Conclusion From the report it can be concluded that knowledge management is the collection of methods relates to creation, sharing, using and managing the knowledge and information of an organization where it became important to analysis the environment and comes to know how each function could be performed. This is the continuous process of managing information by which an industry collects, organizes, shares and analyses its knowledge in a way which is easily available to employees. This is important for each individual to analysis the environment to know how their customers will be satisfied and affected properly. The knowledge management is determined as technological aspects that helps team to gather, organise and share the information which can help to developing all functions and activities effectively. If an individual is not able to collect the right information regarding specific topic then could be challenging to regulate the business. The management of Amazon is having major role as it identify the market and introduce the kind of services and products as it could help to increase the business productivity and profitability. Management to knowledge considers four components such as people, process, content and strategy. People are those who have involved in organizational activities and functions which could support to grow the business. This is important for each individual to identifywhat is topic and how to collect the information as it could support to manage the all functions timely and increase the productivity. A person requires to have proper information and details regarding managing knowledge and skills as it brings the higher productivity and profitability at the workplace. If there is no management of knowledge and skills then could be challenging to regulate the business and other activities. The significance of knowledge considers employee awareness, availability, timeliness, adapt organizational change, helps in decision making, knowledge management is the main activity of sharing information, transfer knowledge, reducing risk which can help to develop the organizational performance. While working in an organization employee awareness is important as it bring higher knowledge and skills regarding topic and managing the performance. This is most important for each individual to identify what is happening around and how each function could be performed to manage the activities and functions. The meaning of availability is to offer all information and ideas which can be used to develop the business productivity for the purpose 31
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BA BusinessUOSDissertation of growing their business and maintaining higher performance. A researcher is a person who have knowledge and skills regarding specific topic. The data could be collected within certain period of time and support to adopt the organizational change. While operating a business it has seen that needs and wants of customers is being changing where it became important to bring the change in their existing performance and products so that customers will be influenced or attracted towards particular products. Amazon is the larger size organization that sales number of products and services to their customers where it became important to make the use of managing knowledge by sharing and creating something new which can help to develop the organizational performance. The management analysis environment and marketplace to offer products so that competitiveadvantagescouldbeattaineffectively.Tohaveclearcommunication,right information, management of data, efficiency and accurate details that could help to influence the number of people and support to develop the organizational productivity. The researcher will make the use secondary data where quantitative research is helpful to conduct the research. It is needed for investigator to get as topic from their senior and conduct the research properly by using tools and techniques. This could help to collect the bunch of information and managing the study properly. 5.1.2 Recommendations There are some recommendations for Amazon to face the challenges and gain more competitive advantages in their business's operation and function. The recommendation will help Amazon to operate their business in the market. It will also help to improve their productivity and performance which is provide advantages to run the business. It will help Amazon to compete within the market. It will also help to introduce new product & services which is the benefit to increasing the growth of the company. The recommendations for Amazon are as follow- ï‚·Provide training sessions:providing training to the employees is one of the important roles because it is help in attain the effective and efficient working of the employees. Trained and knowledgeable employees can help to achieve the goals with success and ready to compete within the market. So, it will recommended to Amazon to trained their employees for better performance and growth of the company which will helps them to compete within the market and faced all the challenges. It will also help to gain more success and growth in the company. This recommendation will help the Amazon to attain 32
BA BusinessUOSDissertation thebestknowledgeableandtrainedemployeesinthecompany.Thisisjustified recommendation because it relates to organizational knowledge management theory and supports knowledge management through effective workforce support. ï‚·Unique product & services: unique product and services it help to attract the customers attraction which will increase the sales and productivity as well. So, it will recommended to the Amazon to provide unique product & services from other competitors to attract the customer towards the company. By providing unique product & services, it will help to increase many opportunities and competitive advantages such as increasing growth, productivity, performance, image, sale, reputation and many more.Techno-centric theory of knowledge management supports the usage of updated technology for knowledge management. Therefore it is justified recommendation. ï‚·Increase productivity and performance:a good productivity and performance of the company helps to compete within the market. So, it will recommended to the Amazon, they should increase their productivity and performance for competing within the market. It will also help to attract the more customers because a good performance of the company can helps to build customer trust and loyalty.This is justified recommendation because it can be connected to organizational knowledge management theory and updating organizational culture towards productivity to improve knowledge management. ï‚·Provide better services:providing better services is a important term to increase the productivity, attract customers, increase the customer satisfaction and experience etc. so, it will berecommended to the Amazon. They should provide better services from the other competitors which helps them to increase the number of customers towards the company, increasing the profitability and attain many more competitive advantages.This is justified recommendation because the research findings showcase the importance of knowledge management in development of the company. This means improving product and services of the company can support the firm in improving consumer satisfaction and gaining knowledge related to consumer satisfaction. ï‚·Build the relation with customers:build the healthy relation with customers is also the advantages in competing within the market. They should build the healthy relation with customers by providing the services according to them. It is helps in attracting and aware more customers towards their services.This is justified recommendation because it can 33
BA BusinessUOSDissertation be associated with ecological knowledge management theory and building relationships as a part of knowledge community to improve knowledge management. ï‚·Knowledge about the competitors:knowledge about competitors helps to collect the information of their product, services, strategies and many more things. It will help to compete and increase the level in the market. So, it will recommended to the Amazon, they should gain knowledge about their competitors and their strategies which will helps them to competing within the market.This is an effective suggestion because it will help Amazon compare knowledge management with competitors and management through comparison. 34
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BA BusinessUOSDissertation 6. REFERENCES Albassami, A.M., Hameed, W.U., Naveed, R.T. and Moshfegyan, M. (2019). Does knowledge management expedite SMEs performance through organizational innovation? An empirical evidencefromsmallandmedium-sizedenterprises(SMEs).PacificBusinessReview International,12(1), pp.11-22. Alshawabkeh, R., Rumman, A.A., Al-Abbadi, L. and Abu-Rumman, A. (2020). The intervening role of ambidexterity in the knowledge management project success connection.Problems and Perspectives in Management,18(3), p.56. Ardito, L., Ferraris, A., Messeni Petrruzzelli .A., Bresciani, S. and Del Guidice, M. (2019). The role of universities in the knowledge management of smart city projects.Technological Forecasting and Social Change,142, pp.312-321. Areed, S., Salloum, S.A. and Shaalan, K. (2021). The role of knowledge management processes forenhancingandsupportinginnovativeorganizations:asystematicreview.Recent advances in intelligent systems and smart applications, pp.143-161. Bibi, G., Padhi, M. and Dash, S.S. (2021). Theoretical necessity for rethinking knowledge in knowledge management literature.Knowledge management research & practice,19(3), pp.396-407. Chen, X., Wei, S. and Rice, R.E. (2020). Integrating the bright and dark sides of communication visibility for knowledge management and creativity: The moderating role of regulatory focus.Computers in Human Behavior,111, p.106421. Colnar, S., Dimovski, V. and Bogataj, D. (2019). Knowledge management and the sustainable development of social work.Sustainability,11(22), p.6374. Iacuzzi, S., Fedele, P. and Garlatti, A. (2021). Beyond Coronavirus: the role for knowledge managementinschoolsresponsestocrisis.KnowledgeManagementResearch& Practice,19(4), pp.433-438. Iddy,J.J.andAlon,I.(2019).Knowledgemanagementinfranchising:aresearch agenda.Journal of Knowledge Management. Latif, K.F., Nazeer, A., Shahzad, F. and Ullah, M. (2020). Impact of entrepreneurial leadership on project success: mediating role of knowledge management processes.Leadership & Organization Development Journal. 35
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BA BusinessUOSDissertation Significance of knowledge management within Amazon. 2022. [Online]. Available through: <https://www.getguru.com/reference/what-is-knowledge-management> The role of knowledge management strategies on Amazon in achieving a competitive advantage. 2022.[Online].Availablethrough: <https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/ amazon-could-see-revenue-more-than-double-by-2025-as-retail-business-grows-62718086> 38