organizational knowledge gaps that should be filled. Corporations need to account for both internal and external training costs. Over time, experiences form more general experiences which combine into knowledge. It is the latest management trend and promises to provide significant benefits. 2.           The number of times a tele

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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1. Why should experiences be managed?

  1. Seeking out appropriate experiences develops a broader base of knowledge.
  2. It assists in identifying organizational knowledge gaps that should be filled.
  3. Corporations need to account for both internal and external training costs.
  4. Over time, experiences form more general experiences which combine into knowledge.
  5. It is the latest management trend and promises to provide significant benefits.

2.           The number of times a telephone number is called per day should be considered as _____________.

  1. data
  2. information
  3. knowledge
  4. business expenses
  5. cannot be determined from the information given

3. What term is used to describe the applications resulting from synergy between IT and social/structural mechanisms for knowledge sharing?

  1. Knowledge sharing systems.
  2. Experience management systems.
  3. Knowledge management systems.
  4. Human capital management systems.
  5. Knowledge sharing cultures.

 

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