ENGINEERING PRODUCTS LTD (CASE STUDY) Essay Example | Topics and Well Written Essays - 1500 words

ENGINEERING PRODUCTS LTD (CASE STUDY) - Essay Example uman Resources (HR) department acquires an importance in the success or failure of the company’s international operations (Quintanilla and Ferner, 2003). The HR department adopts numerous ways in which they could attempt homogenization of the various practices that are being adopted in the Headquarter of the company so that the uniformity in the products with respect to the quality can be achieved, as it is the order of the day that the customers insist on the consistency in the product design and quality. Such consistency can be achieved only by integrating the practices throughout the organization. While the HR Management takes the efforts for integration, they are usually confronted with various issues of power and control which are outlined in this paper while analyzing the case of Engineering Products Limited. The paper also discusses the implications on the managers and non-managers of the organization as a result of such integration efforts. Engineering Products Limited with more than 33,000 workers undertook a restructuring and expansion plan out of which the company expanded globally with more than half of the employees work in their overseas locations. Having three distinct business areas in automotive components, defence and industrial services, the company’s automotive components division being the largest have its employees scattered in the European countries Germany, France and Spain. A smaller percentage of them are placed in UK as well as North America. With the major customers of the company insisting on the same specification of the components produced in all the company’s location, the HR Department of the company is in an attempt to transfer the ‘best practices’ of the company to all its locations. For that purpose they adopt the following methods: One of the key areas of attention of the Management at the Head Quarter of the company is to adopt various management structures that can possibly help the exchange of information among

Knowledge Management (Assignement Question Details as Depicted Below) Assignment

Knowledge Management (Assignement Question Details as Depicted Below) - Assignment Example Now the question arises as to what exactly is knowledge and how is it different from information (Han 2001). Information is data organized in a proper form and in a way so that interpretation and analysis of the material is easy. Whereas when information is acquired by an individual it becomes knowledge. Knowledge is formally defined as acquaintance to information present. The main aim of knowledge management is to make knowledge available in a way to all those concerned in a way that it can be utilize in the best possible way so as to benefit the organization as a whole. This includes both social and technological effort. This subject has gained a lot importance in the corporate environment in the recent years because of several benefits it offers. For instance it reduces the chances of repetitive and redundant work. Everyone in the organization will know what information is already present and they will not waste time and resources on acquiring the same data and they will move ahead from that point, extending the thread from there (Steyn 2003). Apart from this in today’s world where the external environment is so volatile and fast changing that internal stakeholders especially decision makers have to work really fast to catch up with the fast changing trend and stay competitive. In circumstances like these information becomes a vital resource . Those who know are the ones who will survive. Apart from this another advantage that knowledge management offers is the reduction in time required to train new employees or to bring about a change in the organization (Foote 2001). Another aspect of today’s corporate world is that organizations have to stay flexible and to adapt to changes of the market. For this purpose change management has become a famous topic now a day’s for research and development and adequate knowledge management improves this process. The main argument that will be presented by this paper is