Knowledge Management: Freakomon Stakeholders and Competitive Analysis

This report delves into the knowledge management practices of Freakomon, a video game company. It begins with an executive summary, followed by an analysis of specific stakeholders, including employees, customers, and government entities, along with their relationships. The report then applies Porter's Five Forces model to assess the competitive landscape of the gaming industry, focusing on factors such as competitive rivalry, bargaining power of suppliers and customers, threats of substitute products and services, and threats of new entrants. Finally, the report offers recommendations for Freakomon to improve its competitiveness, particularly emphasizing the need to update its information systems and transition from traditional CRM to e-CRM to stay competitive in the dynamic global environment. The analysis highlights the importance of understanding stakeholder dynamics and adapting to technological advancements to achieve sustained success.

Knowledge Management and
Information Systems
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TABLE OF CONTENTS
PART 1............................................................................................................................................3
A. Executive summary.................................................................................................................3
B. Specific stakeholders and relationship among them...............................................................3
C. Porter's five forces model........................................................................................................5
D. Recommendations...................................................................................................................8
PART 2..........................................................................................................................................10
a. Introduction............................................................................................................................10
b. Three key challenges for successfully introducing the cloud based CRM............................10
c. Suggest how managers within the organization could respond to each of the challenges.....11
CONCLUSION .............................................................................................................................12
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PART 1
A. Executive summary
Knowledge management system consist range of practices that can be used by enterprise
to identify, create, represent and distribution. It covers, different types of knowledge regarding
business practices because it is requires for survival of the company through various operations
(Bharati, Zhang and Chaudhury, 2015). In respect to this, present report is based on Freakomon's
which provide different types of video games in all over the world. In this context, in this report
covers specific stakeholder and the relationship among them. Furthermore, it includes Porter's
five forces model which refer to stakeholder diagram.
Along with this, the case study also develops an unconventional dame console for the
young generation boys. It has been also assessed that the company have long history of attaining
success in serving the video games one of the popular franchise that is invented by Freakomon
fames are Peppa-pigs.
In this report various case study is also given in this which assist for knowing change in a
effective manner. When individual know that where we are going for that time it is easy to
understand the work in a effective manner. In any organisation when the change is taken place
that time it is hard to manage the work an organisation. With the help of various case study it
become easy to manage the work in a effective manner so that it so that it become easy to
manage the work in a effective manner. In this project will discuss about the systematic
evaluation that assist for the better corporation of work in the organisation. In this will concern
with the stakeholder that assist for maintain better relationship among them. In addition to that in
the next management of Freakomon's competitive position. In addition to that management know
its effectiveness towards the work. When management know its competitive position than it
become easy to manage work in a effective and competitive manner. At last in the first part
various recommendation are discuss below that assist for better and smooth working in the
workplace. So that it will assist for various recommendation that assist for better working as well
as effective working (Fagerstrøm, Aksnes and Arntzen, 2015).
B. Specific stakeholders and relationship among them
Internal stakeholder
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Public and voluntary sector business have not same stakeholder as private company
owns. In this context, Freakomon provide various types of video games to the customers. In
respect to this, they are private company who wants to enhance market share in various part of
the nation. There has several types of stakeholder such as employees, customers, government and
organization constituents(Obeidat, Obeidat and Tarhini, 2016).
Internal stakeholder consist roles and responsibilities within the enterprise such as
employees, managers and investors etc. Employees are person who considered and conduct
organization affairs (Motro and Smets, eds., 2012).
External stakeholder
In order to take advantages of external stakeholders, Government also play major role
within the enterprise when organization dealing with many activities. In respect to this,
organization have to follow rules and regulations which made by the government so that they
will able to achieve their goals easily. If Freakomon's not follow laws and regulations,
government restrict to them for operating their functions. From the below stated diagram it has
been assessed that there is significant relationship between different stakeholders within the
Freakomon company.
Mendelow's stakeholder matrix
In order to analyse the power and interest aspects within the stakeholders Mendelow's
stakeholder matrix is been implemented within Freakomon's company. Basically there are four
types of stakeholders that is keep satisfied, key players, minimum effect and keep informed. The
foremost stakeholder within the company are the employees and staff that have high interest and
power within the organisation. Another stakeholder are their customers that also have high
interest in the activities of organisation so that they may engage in purchasing the services or
product of cited organisation. In addition to this, other stakeholders are the competitors that have
less power but they have huge interest in accomplishing the market share of the gaming industry.
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Illustration 2: Relationship among stakeholders
Illustration 1: mendelow matrix

C. Porter's five forces model
From the provided case study it has been assessed that in the early 2000 the gaming
industry was highly competitive among youth. In order to succeed in the competitive market
organisation need to invest huge amount within the industry. Through reviewing the market it
has been assessed that two new comers in the market that is Sony and Microsoft is giving tough
competition to the Freakomon company. For finding out the competitive advantages
management of Freakomon's must use model tool that will assist for find out the competitive
position in the workplace. Porter regarded consist on the competitive forces and overall industry
structure. In respect to this, in Freakomon's following elements can be includes:
 Competitive rivalry: According to this force, Freakomon examines competition in the
marketplace so that they can make their operations accordingly. It can be done by
identification of various competitors which take place within the marketplace. It can be
take place when only few business sell equal products and services in the marketplace.
When cited firm rise their prices, sue to growing of the company (Zaman, Yeo and
Kulathuramaiyer, 2013). Customers can easily switch towards the other enterprise where
they get products and services at low price. As results, it creates negative impact on the
chosen business operations. In this context, rivalry can be measure as quantitatively
aspect such as concentration ratio which make market share at very high level by the
largest firm in the marketplace. In addition to that management must focus on the various
work that leads to the rivalry competitions among the company. In this management must
focus on the various work that assist for the systematic work in the organisation. When
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Illustration 3: Porter's five force

the company stand in the market that means some capability must having with the entity
that assist to differentiate it to with the others (Martelo, Cepeda and Barroso, 2013).
 Bargaining power of suppliers: This element can be analyses power of suppliers
through they can control on the business position. In order to take decisions, for
Freakomon's suppliers can raise their prices through which create difficulties towards the
cited firm. If the organization has various suppliers they are exists in better position of the
company so that it create positive impact on the business results (Chandrasegaran,
Ramani and Gao, 2013). Sources of the suppliers also considered as switching cost of
firm in the industry through availability in substitute products and services. Entity having
power to choose supplier that assist to stand in the market for the long term. In this
various points must be considered by the company that is listed as follows. In addition to
that management must focus on substitute of products that already available in the market
place. If the entity not select the appropriate one so that it occur and switch the cost of the
product in effective manner. This impact on the work is not differentiate with each other
in a effective manner. So that it will assist for the systematic work as well as its effective
work towards the achievement of goals. In addition to that management also build
various segment so that it will assist for maintaining better relationship with the buyer
and its behaviour.
 Bargaining power of customers: In this aspect, customers of Freakomon's has power
through they affect to the pricing and quality. When in the market only few customers
take place, they have power to consider lots of sellers and they can easily move towards
the other business when they are not satisfied with company products and services. In
order to take buying power, it is comparative low when they are purchase products in
very small amount so that it create very different aspects within the company operations
(Obeidat, Obeidat and Tarhini, 2016). In addition to this, sometimes sellers products
quite different from the other competitors. Customer always having a power to move
forward with the best and suitable one. So that entity must focus on customer demand to
maintain the positioning in the workplace as well as it is also assist for the standing in the
market trend in a effective manner. Entity must not focus on the earning profit but also
create a segment and develop various technologies that assist to attract the work in a
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effective manner. In addition to that company has to take knowledge of market as well as
price that assist for the maintain a good strategies in the workplace. Moreover all this
information assist for getting work in a effective way as well as efficient manner
(Roberts, Galluch and Grover, 2012).
 Threats of substitute products and services: According to this force, Freakomon's
study that for switch of customers towards the other business and their products and
services. In this context, business make sure that how many competitors take place in the
market so that they can determine their products quality and prices. In this aspect, cited
firm also examines profits of their competitors which can be determine as ability of
company towards the products and services (Wenger, 2014). Threats of the substitute of
products and services are determines that switching costs in long term and short term
aspects. In addition to this, chosen business can easily identify that how buyer attitude
towards the change of the taste and their preferences. Management of the company must
focus on the threat of substitute that available in the market and according to that must
focus on the work in a effective manner it will assist to manage the work in a effective
manner. With this management of the company know that how many competitors are
their and which strategy assist for compete with other also. With the help of this
management can concern with the systematic way of working that assist to find out the
actual competitor in the market place.
 Threats of new entrance: In respect to this, Freakomon's identify that how it is easy and
difficult for competitors to join the marketplace to examine the business. When
competitors and new entrance easily take place in the market, it is very difficult to chosen
business for operating their functions (Reichert and Weber, 2012). It creates risk towards
the cited firm as they cannot take place easily in the workplace and their profits and
revenues decreasing day by day. In addition to this, it also creates barriers towards the
firm through including absolute cost advantages, access to input, economies of scale and
well organized brands. In addition to that management has to focus on the upcoming
barrier that leads to the management in a effective manner. When new competition come
into the market at that time management must focus on all its activities. This evolution
will assist to manage that work in a effective manner. In addition to that manager of the
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company also focus on its needs that assist as a helping hand that is just a work that
systematic monitoring of competitor will leads to work that is based on a effective
working in the company.
D. Recommendations
In order to support Freakomon competitiveness in the gaming industry management must
focuses on implementing change in the information systems. Primarily company focuses on
using traditional customer relationship management tools so that they can easily be touch or
contact with their range of customers (Obeidat, Obeidat and Tarhini, 2016). Thus, with the up-
gradation of technology company must ensure change in their information systems that results in
modifying their CRM to e-CRM. In the present competitive scenario to sustain in the global
environment Freakomo company must focuses on continuous changing of their information
system so that they can easily seek and attract the new customers towards the gaming products
and video games.
Along with this primarily the key purpose of CRM were to assists the organization in
marketing the required products to the customers accordant with the requirement and need of the
customers. But with the change in information system the customers are demanding the new
video games as well as play-stations with the help of using different internet services and
technologies that is e-CRM. In addition to this, change in the information system that is change
in the CRM technology company can easily attain and manage all the applications and systems
operating within the organization with the help of ERP system (Chandrasegaran, Ramani and
Gao, 2013). Along with this, change in the information system that is implementation of e-CRM
Freakomon focuses on designing an effective system that meet the requirement and need of
customers with the help of using the online portals and internet technologies. Therefore, it is
stated that with recommendation of change in CRM technique with e-CRM it benefit the gaming
company in fostering the relationship among their customers as traditionally it was just used to
understand the preferences of customers but with the change in information system and
implementation of e-CRM it results in initiating the program that ensure constant communication
among the customers over the internet platform that foster the trust and loyalty among them
(Bharati, Zhang and Chaudhury, 2015). in addition to this, it is also recommended that with
changing the CRM technique to e-CRM it results in enhancing the processing speed so that
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company can easily meet the queries and problem of customers related with the video games that
they are facing. In addition to this, it also support in enhancing the overall payment transaction
that results in meeting the demand and requirement of customers.
Management must use various recommendation to enhance their working performance in
a effective manner. In order to take advantages in Freakomon's, they have to improve their
transactions in the best manner so that they will easily achieve competitive advantages through
controlling and growing business with new ideas (Neslin, 2014). It can be recommend that, for
maintain and sustaining the growth, Freakomon's need to make their operations systematize. In
respect to this, they need to create system in which they can easily achieve high growth in the
company. In order to take right decisions they have to demonstrate their budget towards the
business operations so that they will easily make their high revenues (Demirkan and Delen,
2013). Therefore, they need to make their operations in systematic so that they will easily create
high growth of the company. The cited firm manager have to use effective quality in their
products and services which help them to achieve desired goals. As results, it will easily make
high profitability for the business performances which can be done by systematic work. In this
point management must a target that assist for this a systematic budget help for the same. In
addition to that management must take care for the evaluation of budget in which they concern
with the work and its investment. Manager of the company must having knowledge towards the
investment as well as working in a potential manner (Climatological and meteorological
information system KMIS. 2016).
PART 2
Option 1-
a. Introduction
Cloud based technology is defined as application that mainly uses the online platform to
access the demand and requirement of resources. With the increasing technological factor it has
been assessed that cloud computing support the organization in enhancing their functionality that
benefit them in storing the high bit database over the internet. Barclays Bank is the leading
organisation that provide financial and banking services within the UK region. Along with this, it
is also assessed that cloud computing also benefit the Barclays Bank in allowing the sharing of
data and information from one computer to other devices. Along with this it has been also
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assessed that with the increasing technological aspect businesses are focusing on cloud based
systems for storing the large database. The bank has large data of their clients and customers that
need to be stored in the proper manner so that they may not engage in the wrong transaction.
Moreover, the document also focuses on assessing three challenges that an organization faces
while introducing the cloud based CRM within the Barclays Bank. Along with this, it will also
focuses on suggesting the ways through which manager within the organisation can easily
respond to the challenges so that they can easily minimizes its negative impact.
b. Three key challenges for successfully introducing the cloud based CRM
Integration challenges
In order to successfully introduce the cloud based CRM it has been assessed that Barclays
Bank faces certain challenges related with System integration challenge. In order to describes
technology gap between CRM software and cloud applications, Barclays Bank have to migrate
data through they will serve effective system at the workplace. In this aspect, cited firm need to
offer extensive set of applications through employees can easily access services towards the
business objectives. All the firm has no resources to develop plan (Bharati, Zhang and
Chaudhury, 2015). It has been assessed that while introducing cloud based technology within
Barclays Bank they also face challenge related with integration of different system so that it may
easily maintain the security of information and database within the organization. In addition to
this, company also requires the huge investment that support in managing the cloud based CRM
that directly results in building the relationship with the customers.
Management challenges
On the other hand, another challenge that company face while introducing cloud based
CRM is related with management challenge. In order to consider the cloud computing within
Barclays Bank it results in increasing the problem or issue related with management. For
managing the cloud computing CRM within the organisation it requires highly qualified and
competent personnel that outcome in managing the technological activities within the premises
(Obeidat, Obeidat and Tarhini, 2016). Along with this, while introducing cloud computing CRM
requires staffing of qualified IT personnel within the video gaming organization so that they they
can easily engage in maintaining the relationship with their customers over the cloud computing.
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Therefore, introducing this requires more managerial aspect within the organization that might
lead to challenge for the cited firm.
Networking challenges
Another challenge associated with introducing the cloud computing within the Barclays
Bank is that cloud computing requires a constant internet connection therefore, it might results in
attaining the challenges related with networking. It cannot work without the access of internet. If
the user or customer has the internet connection but it is too slow, then cloud computing will not
be able to work properly in slow speed internet. Thus, it is the key challenge that organization
faces while introducing the cloud computing CRM (Holsapple, 2013). Most of the company have
not effective cloud system through they can work within the company. In respect to this,
Barclays Bank need to design their system according to internal traffic which can be travel in
periodical system. In the situation if the network flow within the organization network is not
good so that they are face challenge to introducing large file transfer with segregating data
design from the internet. This problem increase day by day in the office which directly results in
delaying the transfer the information or communication within the company. Thus, it is required
to develop business functions which can be deliver process for developing enterprise objectives.
c. Suggest how managers within the organization could respond to each of the challenges
In order to introduce the cloud computing CRM within the Barclays Bank it has been
suggested that there are different ways that must be used by the manager within the bank that
directly outcome in responding to the above identified challenges (Demirkan and Delen, 2013).
Integration challenge
The foremost challenge that is faced by the company is related with system integration
challenge therefore, to overcome this challenge manager within the organization must focuses on
devising the different IT teams and unit that support in integrating the system within the
organisation through which they can easily connect with their clients and customers. Within
Barclays Bank enforcing the IT team would results in overcoming the integration challenge so
that they may easily store the large data on the online platform. Along with this, to overcome the
system integration challenge manager of the organisation must also focuses on providing proper
training to their staff those who are working in the gaming organisation so that they can easily
integrate the system as well as cloud computing within organisation (Holsapple, 2013).
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