The Relevance and Importance of the Concept of Global Business Fitness Assignment

The Relevance and Importance of the Concept of Global Business Fitness - Assignment Example This paper illustrates that Globally Responsible Leadership Initiative (GRLI) had rightly marked the need of responsible leadership for sustainable growth that has been reduced due to the financial crisis. Leaders face many challenges while taking the company ahead. Leadership is focused on the team, career, company, and shareholders. Career success leadership involves leading one’s own path or the direction to proceed. It also concerns developing flexibility, evaluating work-life, physical and emotional strength, solving problem and time management skills. Leading a team comprises of selecting the right practices, human resource management, developing the team, conflict management, effective technology consumption and helping the team members to develop simultaneously. Leadership in company focuses on the possible outcomes to attain sustainable strategic mission success through entrepreneurship, strategic thinking, organization control, external consciousness. Strategic advan tage leadership deals with increasing the shareholder's value to gain high return on investment through global-scenario planning. Spiritual leadership is a mixed concept of positive leadership that engage motivating and inspiring workers through an inspirational  idea and a customs based on philanthropic values to produce a better dynamic  workforce. This leadership also includes ethics, attitude, and behavior required to motivate one and others to build a sense of spiritual survival. This theory also entails the concept of positive human fitness and emotional well-being through advancement in workplace spirituality, optimistic psychology, character ethics and faith. Besides increasing the employee empowerment, dedication and knowledge, it also focused on the human health enriching approaches that benefit both the employees and the business.

I have to choose a good topic from the area of ICT industry Essay

I have to choose a good topic from the area of ICT industry - Essay Example Or is Knowledge Management just another term for Information Management that is almost the exclusive work area of ICT? The first step in trying to find an answer in this regard is to acquire a clear understanding of the difference between information and knowledge. In other words, knowledge, its properties and its qualities, has to be defined in very clear and comprehensible terms. The definition of knowledge is based on the sequential definitions of data and information (Barnes, 2001). Data, is defined as observations of facts outside any context; data within a meaningful context is information; and ‘information plus’ or information combined with experience, context, interpretation, and reflection within a very highly contextual environment is termed as knowledge. The high-value form of information that is ready for application to decisions and actions within organizations is e termed as Knowledge (Davenport, 1998). It is therefore a type of value-added information. A further distinction is made between two categories of knowledge – tacit or implicit and explicit knowledge. Tacit Knowledge is defined as the type of knowledge that is both understood and applied at the subconscious level. It is knowledge difficult to deliberately express, manifest or articulate, and said to be developed, again subconsciously or involuntarily, through personal interactions, conversations, storytelling and shared experience. Explicit knowledge, on the other hand â€Å"is more precisely and formally articulated, although removed from the original context of creation or use...† (Zach, 1999). Barnes (2001) defines Knowledge Management as an attempt to improve or maximize the use of knowledge that exists in an organization. Knowledge Management has assumed crucial significance for all business organizations that seek to utilize its own experience and that of others to retain a decisive competitive edge over other players in the market.